State of Alaska Department of Revenue reduced its position in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 69.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,938 shares of the company’s stock after selling 6,620 shares during the period. State of Alaska Department of Revenue’s holdings in Activision Blizzard were worth $169,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ATVI. Nisa Investment Advisors LLC increased its position in Activision Blizzard by 121.0% in the first quarter. Nisa Investment Advisors LLC now owns 40,189 shares of the company’s stock worth $1,997,000 after buying an additional 22,000 shares in the last quarter. Barometer Capital Management Inc. purchased a new position in Activision Blizzard during the first quarter worth $5,520,000. Patten & Patten Inc. TN purchased a new position in Activision Blizzard during the first quarter worth $249,000. Coastline Trust Co increased its position in Activision Blizzard by 22.0% in the first quarter. Coastline Trust Co now owns 14,050 shares of the company’s stock worth $701,000 after buying an additional 2,530 shares in the last quarter. Finally, Telemus Capital LLC purchased a new position in Activision Blizzard during the first quarter worth $696,000. 87.37% of the stock is currently owned by institutional investors.

Shares of Activision Blizzard, Inc (NASDAQ:ATVI) traded down 0.85% during trading on Tuesday, reaching $61.98. The company had a trading volume of 2,334,038 shares. Activision Blizzard, Inc has a 52 week low of $35.12 and a 52 week high of $63.19. The stock’s 50-day moving average price is $59.80 and its 200-day moving average price is $52.00. The company has a market capitalization of $46.71 billion, a PE ratio of 45.47 and a beta of 1.07.

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A number of research firms have weighed in on ATVI. Piper Jaffray Companies reissued an “overweight” rating and issued a $69.00 target price on shares of Activision Blizzard in a report on Friday. Wedbush increased their target price on Activision Blizzard to $3.00 and gave the company an “outperform” rating in a report on Friday. Benchmark Co. increased their target price on Activision Blizzard from $71.00 to $74.00 and gave the company a “buy” rating in a report on Friday. Bank of America Corporation raised Activision Blizzard from a “neutral” rating to a “buy” rating and increased their target price for the company from $35.12 to $64.06 in a report on Friday. Finally, UBS AG increased their target price on Activision Blizzard from $67.00 to $72.00 and gave the company a “buy” rating in a report on Sunday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $60.33.

In other Activision Blizzard news, CEO of King Digital Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $55.45, for a total transaction of $1,095,747.45. Following the completion of the sale, the insider now directly owns 55,509 shares in the company, valued at approximately $3,077,974.05. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.12% of the stock is currently owned by insiders.

About Activision Blizzard

Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.

Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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