L & S Advisors Inc grew its stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 14.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,229 shares of the company’s stock after acquiring an additional 1,654 shares during the quarter. L & S Advisors Inc’s holdings in Activision Blizzard were worth $762,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ATVI. Sun Life Financial INC raised its position in shares of Activision Blizzard by 27,955.6% in the 2nd quarter. Sun Life Financial INC now owns 5,050 shares of the company’s stock worth $291,000 after purchasing an additional 5,032 shares during the last quarter. Employees Retirement System of Texas boosted its stake in Activision Blizzard by 14.6% in the 2nd quarter. Employees Retirement System of Texas now owns 333,600 shares of the company’s stock worth $19,205,000 after purchasing an additional 42,600 shares in the last quarter. UBS Oconnor LLC boosted its stake in Activision Blizzard by 4.1% in the 2nd quarter. UBS Oconnor LLC now owns 148,332 shares of the company’s stock worth $8,539,000 after purchasing an additional 5,789 shares in the last quarter. HighTower Advisors LLC boosted its stake in Activision Blizzard by 25.6% in the 2nd quarter. HighTower Advisors LLC now owns 33,850 shares of the company’s stock worth $1,952,000 after purchasing an additional 6,901 shares in the last quarter. Finally, People s United Financial Inc. boosted its stake in Activision Blizzard by 791.0% in the 2nd quarter. People s United Financial Inc. now owns 22,275 shares of the company’s stock worth $1,282,000 after purchasing an additional 19,775 shares in the last quarter. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Several brokerages recently commented on ATVI. Buckingham Research began coverage on shares of Activision Blizzard in a research report on Wednesday, September 20th. They set a “buy” rating and a $79.00 price objective on the stock. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $69.00 target price on shares of Activision Blizzard in a report on Friday, August 4th. Vetr cut shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 target price for the company. in a report on Thursday, August 31st. Benchmark Co. upped their target price on shares of Activision Blizzard from $71.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, UBS AG upped their target price on shares of Activision Blizzard from $67.00 to $72.00 and gave the stock a “buy” rating in a research note on Sunday, August 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $64.32.

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Activision Blizzard, Inc (NASDAQ:ATVI) traded down 0.9169% during midday trading on Monday, reaching $63.9185. 1,467,468 shares of the company traded hands. The firm has a 50-day moving average of $63.45 and a 200-day moving average of $57.13. The stock has a market capitalization of $48.25 billion, a P/E ratio of 43.1590 and a beta of 1.10. Activision Blizzard, Inc has a 1-year low of $35.12 and a 1-year high of $66.58.

In other news, Director Brian G. Kelly sold 3,685,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $61.93, for a total value of $228,212,050.00. Following the sale, the director now owns 189,791 shares in the company, valued at $11,753,756.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dennis M. Durkin sold 160,000 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $60.68, for a total value of $9,708,800.00. Following the completion of the sale, the insider now owns 337,534 shares in the company, valued at approximately $20,481,563.12. The disclosure for this sale can be found here. Insiders have sold a total of 4,074,879 shares of company stock valued at $252,196,001 in the last quarter. Company 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.

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

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