Activision Blizzard Inc. (NASDAQ:ATVI)’s share price hit a new 52-week high during trading 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.

Several equities research analysts recently weighed in on ATVI shares. Barclays PLC upped their price target on Activision Blizzard from $32.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, March 17th. Piper Jaffray Cos. reaffirmed a “buy” rating on shares of Activision Blizzard in a research note on Thursday, March 24th. Vetr raised Activision Blizzard from a “buy” rating to a “strong-buy” rating and set a $36.74 price target on the stock in a research note on Monday, March 28th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $40.00 price target (up from $35.00) on shares of Activision Blizzard in a research note on Wednesday, April 13th. Finally, Zacks Investment Research cut Activision Blizzard from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 13th. Four investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $40.11.

The company’s 50 day moving average is $39.06 and its 200-day moving average is $35.35. The firm has a market cap of $30.89 billion and a P/E ratio of 37.57.

Activision Blizzard (NASDAQ:ATVI) last issued its earnings results on Thursday, May 5th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.11. The company earned $908 million during the quarter, compared to analysts’ expectations of $812.14 million. During the same quarter in the previous year, the company earned $0.16 EPS. The firm’s quarterly revenue was up 29.2% compared to the same quarter last year. Equities analysts predict that Activision Blizzard Inc. will post $1.86 EPS for the current fiscal year.

In related news, insider Stephen G. Wereb sold 71,775 shares of the company’s stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $37.56, for a total value of $2,695,869.00. Following the completion of the transaction, the insider now owns 70,959 shares of the company’s stock, valued at approximately $2,665,220.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Morhaime sold 1,150,000 shares of the company’s 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 of the company’s stock, valued at approximately $14,117,979.75. The disclosure for this sale can be found here.

A number of institutional investors have added to or reduced their stakes in ATVI. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted 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 last quarter. Tredje AP fonden boosted its position in 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 during the last quarter. Suntrust Banks Inc. acquired a new position in Activision Blizzard during the fourth quarter worth $1,516,000. Cambridge Investment Research Advisors Inc. boosted its position in 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 during the last quarter. Finally, Advantus Capital Management Inc boosted its position in Activision Blizzard by 3.8% in the fourth quarter. Advantus Capital Management Inc now owns 49,007 shares of the company’s stock worth $1,897,000 after buying an additional 1,810 shares during 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.