Wetherby Asset Management Inc. decreased its position in Activision Blizzard, Inc (NASDAQ:ATVI) by 3.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 7,113 shares of the company’s stock after selling 288 shares during the period. Wetherby Asset Management Inc.’s holdings in Activision Blizzard were worth $409,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Harwood Advisory Group LLC boosted its stake in shares of Activision Blizzard by 0.7% in the second quarter. Harwood Advisory Group LLC now owns 5,288 shares of the company’s stock worth $304,000 after buying an additional 36 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in Activision Blizzard by 1.9% in the first quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock worth $133,000 after buying an additional 51 shares during the period. TIAA CREF Trust Co. FSB MO boosted its stake in Activision Blizzard by 0.7% in the first quarter. TIAA CREF Trust Co. FSB MO now owns 12,157 shares of the company’s stock worth $606,000 after buying an additional 90 shares during the period. Bbva Compass Bancshares Inc. boosted its stake in Activision Blizzard by 0.3% in the first quarter. Bbva Compass Bancshares Inc. now owns 51,579 shares of the company’s stock worth $2,572,000 after buying an additional 131 shares during the period. Finally, Steinberg Global Asset Management boosted its stake in Activision Blizzard by 0.4% in the first quarter. Steinberg Global Asset Management now owns 35,542 shares of the company’s stock worth $1,772,000 after buying an additional 131 shares during the period. Institutional investors own 87.39% of the company’s stock.

Shares of Activision Blizzard, Inc (NASDAQ ATVI) opened at 61.89 on Tuesday. Activision Blizzard, Inc has a 1-year low of $35.12 and a 1-year high of $64.06. The firm has a market capitalization of $46.72 billion, a price-to-earnings ratio of 41.79 and a beta of 1.07. The company has a 50-day moving average price of $60.34 and a 200 day moving average price of $53.38.

TRADEMARK VIOLATION WARNING: This news story was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/08/15/wetherby-asset-management-inc-has-409000-stake-in-activision-blizzard-inc-atvi.html.

A number of equities research analysts recently weighed in on ATVI shares. Vetr upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $50.88 price target on the stock in a research note on Monday, April 17th. Credit Suisse Group restated an “outperform” rating and issued a $62.00 price target (up previously from $61.00) on shares of Activision Blizzard in a research note on Friday, May 5th. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Wednesday, July 5th. Stifel Nicolaus restated a “buy” rating and issued a $59.00 price target (up previously from $53.00) on shares of Activision Blizzard in a research note on Tuesday, May 2nd. Finally, Benchmark Co. restated a “buy” rating and issued a $57.88 price target (up previously from $53.96) on shares of Activision Blizzard in a research note on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $62.36.

In related news, CEO of King Digital Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 55,509 shares in the company, valued at $3,077,974.05. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Brian G. Kelly sold 111,239 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $62.44, for a total value of $6,945,763.16. Following the transaction, the director now owns 189,791 shares of the company’s stock, valued at $11,850,550.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,914,879 shares of company stock valued at $242,371,204. 2.12% of the stock is owned by company insiders.

Activision Blizzard Company Profile

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.

Want to see what other hedge funds are holding ATVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Activision Blizzard, Inc (NASDAQ:ATVI).

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

Receive News & Stock Ratings for Activision Blizzard Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard Inc and related stocks with our FREE daily email newsletter.