Activision Blizzard Inc. (NASDAQ:ATVI) hit a new 52-week high on Wednesday . The company traded as high as $43.05 and last traded at $42.66, with a volume of 5,164,834 shares trading hands. The stock had previously closed at $42.66.

A number of equities research analysts have recently weighed in on the company. Piper Jaffray Cos. reaffirmed a “buy” rating on shares of Activision Blizzard in a research note on Sunday, April 17th. Pacific Crest reissued a “buy” rating on shares of Activision Blizzard in a research note on Sunday, June 26th. Barclays PLC reissued a “buy” rating on shares of Activision Blizzard in a research note on Sunday, May 8th. Jefferies Group reissued a “buy” rating and set a $45.00 target price on shares of Activision Blizzard in a research note on Sunday, May 22nd. Finally, Vetr cut Activision Blizzard from a “buy” rating to a “hold” rating and set a $40.36 target price for the company. in a research note on Tuesday, May 24th. Four investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Activision Blizzard presently has an average rating of “Buy” and a consensus target price of $40.11.

The stock has a market cap of $31.37 billion and a price-to-earnings ratio of 38.14. The firm has a 50 day moving average price of $38.88 and a 200-day moving average price of $35.25.

Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.11. The firm earned $908 million during the quarter, compared to analyst estimates of $812.14 million. The firm’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same quarter last year, the business posted $0.16 earnings per share. On average, equities analysts expect that Activision Blizzard Inc. will post $1.86 earnings per share for the current year.

In related news, CEO Michael Morhaime sold 1,150,000 shares of Activision Blizzard stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $38.15, for a total value of $43,872,500.00. Following the completion of the transaction, the chief executive officer now directly owns 370,065 shares in the company, valued at $14,117,979.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Thomas Tippl sold 300,000 shares of Activision Blizzard stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $39.08, for a total value of $11,724,000.00. The disclosure for this sale can be found here.

A number of institutional investors have recently bought and sold shares of ATVI. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Activision Blizzard by 2.0% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,963 shares of the company’s stock worth $1,276,000 after buying an additional 644 shares during the period. Tredje AP fonden boosted its position in shares of Activision Blizzard by 2.0% in the fourth quarter. Tredje AP fonden now owns 34,513 shares of the company’s stock worth $1,336,000 after buying an additional 672 shares in the last quarter. Suntrust Banks Inc. acquired a new position in shares of Activision Blizzard during the fourth quarter worth about $1,516,000. Bank of Hawaii boosted its position in shares of Activision Blizzard by 168.2% in the fourth quarter. Bank of Hawaii now owns 41,350 shares of the company’s stock worth $1,601,000 after buying an additional 25,935 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Activision Blizzard by 26.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 48,619 shares of the company’s stock worth $1,882,000 after buying an additional 10,059 shares in the last quarter.

Activision Blizzard, Inc is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company operates through Activision Publishing, Inc (Activision) and its subsidiaries, Blizzard Entertainment, Inc (Blizzard) and its subsidiaries, and Other segments.

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