Thompson Davis & CO. Inc. boosted its stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 409.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,379 shares of the company’s stock after purchasing an additional 2,716 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in Activision Blizzard were worth $218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of ATVI. Thrivent Financial For Lutherans boosted its holdings in Activision Blizzard by 6.7% in the first quarter. Thrivent Financial For Lutherans now owns 25,750 shares of the company’s stock worth $1,279,000 after acquiring an additional 1,610 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Activision Blizzard in the first quarter worth about $311,000. Bank of Nova Scotia boosted its holdings in Activision Blizzard by 20.7% in the first quarter. Bank of Nova Scotia now owns 314,846 shares of the company’s stock worth $15,698,000 after acquiring an additional 54,066 shares in the last quarter. Achmea Investment Management B.V. acquired a new stake in Activision Blizzard in the first quarter worth about $1,450,000. Finally, Steadfast Capital Management LP boosted its holdings in Activision Blizzard by 0.5% in the first quarter. Steadfast Capital Management LP now owns 3,827,965 shares of the company’s stock worth $190,862,000 after acquiring an additional 20,659 shares in the last quarter. 86.27% of the stock is currently owned by institutional investors.

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 value of $1,211,744.52. Following the completion of the sale, the chief executive officer now directly owns 48,472 shares of the company’s stock, valued at $2,972,303.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Brian G. Kelly sold 111,239 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $62.44, for a total value of $6,945,763.16. Following the completion of the sale, the director now directly owns 189,791 shares of the company’s stock, valued at $11,850,550.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,074,879 shares of company stock valued at $252,196,001. 2.12% of the stock is owned by corporate insiders.

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Several equities research analysts have weighed in on the company. Barclays PLC assumed coverage on Activision Blizzard in a report on Wednesday, October 4th. They issued an “equal weight” rating and a $65.00 price target for the company. Vetr upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.25 price objective for the company in a research note on Wednesday, September 27th. Credit Suisse Group restated an “outperform” rating and issued a $67.00 price objective (up from $62.00) on shares of Activision Blizzard in a research note on Monday, July 24th. Wedbush raised their price objective on Activision Blizzard to $3.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Finally, Argus restated a “buy” rating and issued a $70.00 price objective (up from $65.00) on shares of Activision Blizzard in a research note on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Activision Blizzard currently has a consensus rating of “Buy” and a consensus price target of $67.91.

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.

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

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