Wealthfront Inc. purchased a new stake in Activision Blizzard, Inc (NASDAQ:ATVI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,057 shares of the company’s stock, valued at approximately $637,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allen Investment Management LLC acquired a new stake in Activision Blizzard in the 2nd quarter valued at $2,095,000. DnB Asset Management AS lifted its stake in Activision Blizzard by 10.6% during the 2nd quarter. DnB Asset Management AS now owns 80,653 shares of the company’s stock valued at $4,643,000 after acquiring an additional 7,700 shares in the last quarter. Pacad Investment Ltd. lifted its stake in Activision Blizzard by 131.0% during the 2nd quarter. Pacad Investment Ltd. now owns 119,447 shares of the company’s stock valued at $6,877,000 after acquiring an additional 67,742 shares in the last quarter. Brighton Jones LLC bought a new position in Activision Blizzard during the 2nd quarter valued at $508,000. Finally, Norinchukin Bank The lifted its stake in Activision Blizzard by 7.1% during the 2nd quarter. Norinchukin Bank The now owns 48,118 shares of the company’s stock valued at $2,770,000 after acquiring an additional 3,170 shares in the last quarter. 86.27% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $61.32, for a total transaction of $1,211,744.52. Following the completion of the sale, the chief executive officer now owns 48,472 shares in the company, valued at $2,972,303.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian G. Kelly sold 111,239 shares of the 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 sale, the director now owns 189,791 shares of the company’s stock, valued at approximately $11,850,550.04. The disclosure for this sale can be found here. Insiders have sold 4,074,879 shares of company stock valued at $252,196,001 in the last quarter. 2.12% of the stock is currently owned by company insiders.

Several brokerages have weighed in on ATVI. KeyCorp restated a “buy” rating and set a $74.00 price objective on shares of Activision Blizzard in a research note on Friday, September 8th. Goldman Sachs Group, Inc. (The) began coverage on Activision Blizzard in a research note on Friday, September 8th. They set a “neutral” rating and a $65.00 price objective on the stock. Vetr cut Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 price objective on the stock. in a research note on Thursday, August 31st. Robert W. Baird restated an “outperform” rating and set a $68.00 price objective on shares of Activision Blizzard in a research note on Wednesday. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $69.00 price objective on shares of Activision Blizzard in a research note on Friday, September 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Activision Blizzard currently has a consensus rating of “Buy” and a consensus price target of $64.23.

Shares of Activision Blizzard, Inc (ATVI) traded down 0.14% on Friday, hitting $64.02. The stock had a trading volume of 1,157,623 shares. The stock has a market capitalization of $48.33 billion, a P/E ratio of 43.23 and a beta of 1.08. The firm has a 50-day moving average price of $63.45 and a 200-day moving average price of $57.13. Activision Blizzard, Inc has a 52 week low of $35.12 and a 52 week high of $66.58.

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Activision Blizzard 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.

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

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