As Activision Blizzard (ATVI) Market Value Rose, Keybank National Association Decreased Stake by $352,896; Foundation Capital Has Decreased Lendingclub (LC) Holding by $31.31 Million as Market Valuation Rose

February 18, 2018 - By Dolores Ford

Keybank National Association decreased its stake in Activision Blizzard Inc (ATVI) by 25.08% based on its latest 2017Q3 regulatory filing with the SEC. Keybank National Association sold 5,514 shares as the company’s stock rose 23.27% with the market. The institutional investor held 16,469 shares of the technology company at the end of 2017Q3, valued at $1.06M, down from 21,983 at the end of the previous reported quarter. Keybank National Association who had been investing in Activision Blizzard Inc for a number of months, seems to be less bullish one the $53.07B market cap company. The stock decreased 2.50% or $1.8 during the last trading session, reaching $70.19. About 6.50M shares traded or 4.34% up from the average. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 47.83% since February 18, 2017 and is uptrending. It has outperformed by 31.13% the S&P500.

Foundation Capital Llc decreased its stake in Lendingclub Corporation (LC) by 23.88% based on its latest 2017Q3 regulatory filing with the SEC. Foundation Capital Llc sold 5.22M shares as the company’s stock rose 0.53% with the market. The institutional investor held 16.63 million shares of the consumer services company at the end of 2017Q3, valued at $101.29M, down from 21.85M at the end of the previous reported quarter. Foundation Capital Llc who had been investing in Lendingclub Corporation for a number of months, seems to be less bullish one the $1.64B market cap company. The stock increased 0.25% or $0.01 during the last trading session, reaching $3.95. About 2.05M shares traded. LendingClub Corporation (NYSE:LC) has risen 52.97% since February 18, 2017 and is uptrending. It has outperformed by 36.27% the S&P500.

Keybank National Association, which manages about $16.86B US Long portfolio, upped its stake in Energen Corp (NYSE:EGN) by 17,464 shares to 53,727 shares, valued at $2.94M in 2017Q3, according to the filing. It also increased its holding in American Tower Corp New (NYSE:AMT) by 34,513 shares in the quarter, for a total of 149,162 shares, and has risen its stake in Prudential Finl Inc (NYSE:PRU).

Investors sentiment increased to 1.38 in 2017 Q3. Its up 0.23, from 1.15 in 2017Q2. It increased, as 37 investors sold ATVI shares while 205 reduced holdings. 93 funds opened positions while 240 raised stakes. 639.82 million shares or 0.01% less from 639.89 million shares in 2017Q2 were reported. Scotia Cap Inc reported 0.01% in Activision Blizzard, Inc. (NASDAQ:ATVI). 12.80M are owned by Morgan Stanley. Checchi Capital Advisers Ltd Limited Liability Company holds 0.04% or 5,668 shares. State Of Tennessee Treasury Department accumulated 354,224 shares or 0.12% of the stock. James Research Inc stated it has 0% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). Mirae Asset Invs has 0.11% invested in Activision Blizzard, Inc. (NASDAQ:ATVI) for 95,556 shares. Gam Hldg Ag has 156,076 shares. Investec Asset Mgmt Limited reported 0.08% stake. Odey Asset Ltd invested in 0.29% or 50,400 shares. Accuvest Advsrs reported 86 shares. Grantham Mayo Van Otterloo And Company Ltd Liability Corp holds 142,673 shares. Natixis Asset Management invested in 23,472 shares or 0.13% of the stock. Secor Capital Advisors Limited Partnership holds 70,942 shares. Columbus Circle owns 482,301 shares. Columbia Prtnrs L L C Inv Mngmt holds 1.05% in Activision Blizzard, Inc. (NASDAQ:ATVI) or 123,867 shares.

Among 30 analysts covering Activision Blizzard (NASDAQ:ATVI), 24 have Buy rating, 0 Sell and 6 Hold. Therefore 80% are positive. Activision Blizzard had 131 analyst reports since July 28, 2015 according to SRatingsIntel. Barclays Capital maintained Activision Blizzard, Inc. (NASDAQ:ATVI) on Friday, February 12 with “Overweight” rating. SunTrust maintained Activision Blizzard, Inc. (NASDAQ:ATVI) on Friday, October 27 with “Buy” rating. Bank of America downgraded the stock to “Neutral” rating in Monday, November 2 report. As per Friday, February 12, the company rating was maintained by Macquarie Research. On Friday, May 6 the stock rating was maintained by Benchmark with “Buy”. Benchmark maintained the shares of ATVI in report on Friday, August 7 with “Buy” rating. The rating was maintained by Pacific Crest on Friday, August 7 with “Overweight”. The rating was maintained by Barclays Capital on Tuesday, September 15 with “Overweight”. The rating was maintained by M Partners with “Buy” on Wednesday, August 5. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) earned “Buy” rating by Stifel Nicolaus on Monday, July 10.

Investors sentiment decreased to 1.19 in 2017 Q3. Its down 0.10, from 1.29 in 2017Q2. It worsened, as 26 investors sold LC shares while 42 reduced holdings. 23 funds opened positions while 58 raised stakes. 337.60 million shares or 4.08% more from 324.35 million shares in 2017Q2 were reported. Engineers Gate Manager LP holds 132,020 shares or 0.07% of its portfolio. Deutsche Bancorp Ag reported 15.57M shares. Partner Ltd Partnership reported 38,276 shares. Principal Financial Grp has invested 0% in LendingClub Corporation (NYSE:LC). Eaton Vance Mgmt accumulated 79,691 shares. 17,864 are held by Pitcairn. Massachusetts-based Par Cap Mngmt has invested 0.01% in LendingClub Corporation (NYSE:LC). Price T Rowe Assocs Md reported 1.46 million shares. 260,552 are owned by Wells Fargo And Co Mn. Renaissance Limited Liability reported 4.30 million shares stake. Cornerstone Advisors accumulated 4,240 shares. Evergreen Mngmt Limited Liability Com holds 0.33% of its portfolio in LendingClub Corporation (NYSE:LC) for 458,850 shares. Amalgamated National Bank & Trust invested in 40,502 shares or 0.01% of the stock. Oppenheimer Asset owns 53 shares. American Intll Gp reported 213,283 shares.

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