Activision Blizzard, Inc (ATVI) Position Increased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC increased its holdings in Activision Blizzard, Inc (NASDAQ:ATVI) by 44.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,607 shares of the company’s stock after purchasing an additional 38,035 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Activision Blizzard were worth $7,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Shine Investment Advisory Services Inc. bought a new stake in shares of Activision Blizzard in the second quarter worth about $142,000. Huntington National Bank grew its stake in shares of Activision Blizzard by 122.6% in the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after purchasing an additional 1,366 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of Activision Blizzard by 16.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock worth $150,000 after purchasing an additional 363 shares during the last quarter. Guardian Life Insurance Co. of America grew its stake in shares of 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 purchasing an additional 51 shares during the last quarter. Finally, Yorktown Management & Research Co Inc bought a new stake in shares of Activision Blizzard in the second quarter worth about $201,000. 86.27% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on the company. Stifel Nicolaus reissued a “buy” rating on shares of Activision Blizzard in a research note on Sunday, September 10th. Piper Jaffray Companies reissued an “overweight” rating and issued a $69.00 target price on shares of Activision Blizzard in a research note on Friday, September 8th. Goldman Sachs Group, Inc. (The) assumed coverage on Activision Blizzard in a research note on Friday, September 8th. They issued a “neutral” rating and a $65.00 target price on the stock. KeyCorp reissued a “buy” rating and issued a $74.00 target price on shares of Activision Blizzard in a research note on Friday, September 8th. Finally, Vetr cut Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 target price on the stock. in a research note on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $62.87.

Shares of Activision Blizzard, Inc (NASDAQ:ATVI) traded down 0.350% during trading on Tuesday, reaching $63.975. 1,956,368 shares of the company were exchanged. Activision Blizzard, Inc has a 1-year low of $35.12 and a 1-year high of $66.58. The company’s 50-day moving average is $63.38 and its 200 day moving average is $57.00. The firm has a market capitalization of $48.30 billion, a PE ratio of 43.197 and a beta of 1.08.

In related news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were 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 of the company’s stock, valued at $2,972,303.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian G. Kelly sold 111,239 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $62.44, for a total transaction of $6,945,763.16. Following the sale, the director now directly 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 three months. 2.12% of the stock is currently owned by corporate insiders.

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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.

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

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