Northern Trust Corp Sells 147,180 Shares of Activision Blizzard, Inc (ATVI)

Northern Trust Corp reduced its position in Activision Blizzard, Inc (NASDAQ:ATVI) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,117,422 shares of the company’s stock after selling 147,180 shares during the quarter. Northern Trust Corp owned about 1.21% of Activision Blizzard worth $524,890,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Guardian Life Insurance Co. of America raised its stake in Activision Blizzard by 1.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock valued at $133,000 after purchasing an additional 51 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in Activision Blizzard in the 2nd quarter valued at $142,000. Huntington National Bank raised its stake in Activision Blizzard by 122.6% in the 2nd quarter. Huntington National Bank now owns 2,480 shares of the company’s stock valued at $143,000 after purchasing an additional 1,366 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in Activision Blizzard by 16.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock valued at $150,000 after purchasing an additional 363 shares during the last quarter. Finally, Yorktown Management & Research Co Inc acquired a new position in Activision Blizzard in the 2nd quarter valued at $201,000. 86.27% of the stock is owned by hedge funds and other institutional investors.

Several analysts have issued reports on ATVI shares. Vetr cut Activision Blizzard from a “buy” rating to a “hold” rating and set a $59.65 target price for the company. in a report on Tuesday, May 23rd. Macquarie restated an “outperform” rating and issued a $58.00 target price on shares of Activision Blizzard in a report on Wednesday, May 31st. Morgan Stanley upped their target price on Activision Blizzard from $57.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, June 7th. Jefferies Group LLC restated a “buy” rating and issued a $68.00 target price on shares of Activision Blizzard in a report on Thursday, June 8th. Finally, Benchmark Co. upped their target price on Activision Blizzard from $60.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $63.45.

Activision Blizzard, Inc (ATVI) traded up 0.05% during midday trading on Wednesday, reaching $64.34. The company’s stock had a trading volume of 1,764,738 shares. The company has a 50 day moving average of $63.45 and a 200-day moving average of $57.13. The company has a market capitalization of $48.57 billion, a P/E ratio of 43.44 and a beta of 1.08. Activision Blizzard, Inc has a 1-year low of $35.12 and a 1-year high of $66.58.

In other news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $61.32, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the sale, the director now directly owns 189,791 shares of the company’s stock, valued at approximately $11,753,756.63. The disclosure for this sale can be found here. Insiders sold 4,074,879 shares of company stock valued at $252,196,001 in the last ninety days. Company insiders own 2.12% of the company’s stock.

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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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