Trust Co. of Vermont Buys 2,954 Shares of Activision Blizzard, Inc. (NASDAQ:ATVI)

Trust Co. of Vermont raised its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 6.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,120 shares of the company’s stock after purchasing an additional 2,954 shares during the quarter. Trust Co. of Vermont’s holdings in Activision Blizzard were worth $2,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Sumitomo Life Insurance Co. raised its stake in shares of Activision Blizzard by 3.8% during the second quarter. Sumitomo Life Insurance Co. now owns 30,375 shares of the company’s stock worth $1,434,000 after acquiring an additional 1,123 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of Activision Blizzard during the second quarter worth approximately $91,000. Element Pointe Advisors LLC raised its stake in shares of Activision Blizzard by 21.7% during the second quarter. Element Pointe Advisors LLC now owns 9,294 shares of the company’s stock worth $439,000 after acquiring an additional 1,655 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in shares of Activision Blizzard by 22.1% during the second quarter. Wetherby Asset Management Inc. now owns 12,437 shares of the company’s stock worth $587,000 after acquiring an additional 2,252 shares in the last quarter. Finally, Appleton Partners Inc. MA raised its stake in shares of Activision Blizzard by 1.8% during the second quarter. Appleton Partners Inc. MA now owns 37,615 shares of the company’s stock worth $1,775,000 after acquiring an additional 670 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Several research firms have commented on ATVI. Bank of America raised shares of Activision Blizzard from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $54.00 to $56.00 in a research note on Thursday, July 25th. Goldman Sachs Group raised shares of Activision Blizzard from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $50.00 to $54.00 in a research note on Tuesday, May 28th. William Blair reissued an “outperform” rating on shares of Activision Blizzard in a research note on Friday, May 3rd. Nomura began coverage on shares of Activision Blizzard in a research note on Thursday, June 6th. They set a “neutral” rating and a $49.00 price target on the stock. Finally, ValuEngine raised shares of Activision Blizzard from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Eleven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $60.20.

In related news, insider Christopher B. Walther sold 11,333 shares of Activision Blizzard stock in a transaction on Monday, July 1st. The shares were sold at an average price of $47.91, for a total value of $542,964.03. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Christopher B. Walther sold 2,333 shares of Activision Blizzard stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $44.00, for a total transaction of $102,652.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,332 shares of company stock worth $1,021,187. 1.31% of the stock is owned by insiders.

Shares of NASDAQ ATVI traded up $0.76 during mid-day trading on Tuesday, hitting $46.86. The stock had a trading volume of 450,892 shares, compared to its average volume of 5,677,166. The company has a current ratio of 2.63, a quick ratio of 2.61 and a debt-to-equity ratio of 0.23. Activision Blizzard, Inc. has a 1 year low of $39.85 and a 1 year high of $84.68. The business’s 50 day moving average price is $47.09. The stock has a market capitalization of $37.55 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 2.45 and a beta of 0.90.

Activision Blizzard Company Profile

Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. It develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.

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

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