Coastline Trust Co Boosts Position in Activision Blizzard, Inc (ATVI)
Coastline Trust Co increased its position in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 5.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,800 shares of the company’s stock after acquiring an additional 750 shares during the period. Coastline Trust Co’s holdings in Activision Blizzard were worth $852,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. acquired a new position in Activision Blizzard during the 2nd quarter worth about $142,000. Huntington National Bank lifted its stake in Activision Blizzard by 122.6% during the 2nd quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after acquiring an additional 1,366 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in Activision Blizzard by 16.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock worth $150,000 after acquiring an additional 363 shares in the last quarter. Guardian Life Insurance Co. of America lifted its stake in Activision Blizzard by 1.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock worth $133,000 after acquiring an additional 51 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. acquired a new stake in Activision Blizzard in the 2nd quarter valued at about $206,000. 86.33% of the stock is currently owned by hedge funds and other institutional investors.
ATVI has been the topic of a number of analyst reports. Cowen and Company increased their price target on Activision Blizzard from $51.00 to $59.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $69.00 price target on shares of Activision Blizzard in a research report on Friday, August 4th. Vetr lowered Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 price target on the stock. in a research report on Thursday, August 31st. Benchmark Co. increased their price target on Activision Blizzard from $71.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, UBS AG increased their price target on Activision Blizzard from $67.00 to $72.00 and gave the company a “buy” rating in a research report on Sunday, August 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $62.87.
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Activision Blizzard, Inc (NASDAQ ATVI) opened at 66.44 on Tuesday. Activision Blizzard, Inc has a 52 week low of $35.12 and a 52 week high of $66.58. The stock has a market capitalization of $50.16 billion, a P/E ratio of 44.86 and a beta of 1.08. The firm has a 50 day moving average price of $62.77 and a 200 day moving average price of $56.24.
In other news, Director Brian G. Kelly sold 3,685,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $61.93, for a total transaction of $228,212,050.00. Following the sale, the director now directly owns 189,791 shares in the company, valued at approximately $11,753,756.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian G. Kelly sold 111,239 shares of the stock in a transaction that occurred on 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 sale, the director now owns 189,791 shares in the company, valued at $11,850,550.04. The disclosure for this sale can be found here. Insiders have sold a total of 4,074,879 shares of company stock worth $252,196,001 over the last quarter. Insiders own 2.12% of the company’s stock.
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.
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