Quadrant Capital Group LLC trimmed its stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 6.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 6,286 shares of the company’s stock after selling 464 shares during the quarter. Quadrant Capital Group LLC’s holdings in Activision Blizzard were worth $324,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its position in shares of Activision Blizzard by 39.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,101,771 shares of the company’s stock valued at $63,430,000 after acquiring an additional 309,181 shares during the period. Simmons Bank lifted its position in shares of Activision Blizzard by 14.9% during the 2nd quarter. Simmons Bank now owns 5,449 shares of the company’s stock valued at $314,000 after acquiring an additional 706 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of Activision Blizzard during the 2nd quarter valued at $60,437,000. Cubist Systematic Strategies LLC lifted its position in shares of Activision Blizzard by 335.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 49,557 shares of the company’s stock valued at $2,853,000 after acquiring an additional 38,183 shares during the period. Finally, Matrix Capital Management Company LP bought a new stake in shares of Activision Blizzard during the 2nd quarter valued at $18,710,000. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Several analysts recently weighed in on ATVI shares. Vetr downgraded Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $64.63 price objective for the company. in a research report on Wednesday, June 14th. Benchmark Co. upped their price objective on Activision Blizzard from $60.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, June 21st. Oppenheimer Holdings, Inc. upped their price objective on Activision Blizzard from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, June 22nd. CIBC restated an “outperform” rating and set a $70.00 price objective (up from $60.00) on shares of Activision Blizzard in a research report on Thursday, June 22nd. Finally, BidaskClub downgraded Activision Blizzard from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $64.92.

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In related news, CEO Riccardo Zacconi sold 19,761 shares of the business’s 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 transaction, the chief executive officer now owns 48,472 shares in the company, valued at approximately $2,972,303.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brian G. Kelly sold 3,685,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $61.93, for a total value of $228,212,050.00. Following the transaction, the director now owns 189,791 shares in the company, valued at approximately $11,753,756.63. The disclosure for this sale can be found here. In the last three months, insiders sold 4,074,879 shares of company stock valued at $252,196,001. 2.12% of the stock is currently owned by corporate insiders.

Activision Blizzard, Inc (NASDAQ ATVI) traded down 3.37% during midday trading on Monday, reaching $61.12. The company had a trading volume of 4,995,614 shares. The stock has a market capitalization of $46.14 billion, a price-to-earnings ratio of 41.27 and a beta of 1.10. The company has a 50-day moving average price of $64.02 and a 200-day moving average price of $58.35. Activision Blizzard, Inc has a one year low of $35.12 and a one year high of $66.58. Activision Blizzard also saw some unusual options trading on Friday. Stock traders acquired 12,742 call options on the company. This is an increase of approximately 179% compared to the typical volume of 4,560 call options.

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

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