Activision Blizzard Inc. (NASDAQ:ATVI) shares traded up 2.3% during trading on Monday . The stock traded as high as $42.63 and last traded at $42.40, with a volume of 9,798,067 shares. The stock had previously closed at $41.44.

Several research analysts have recently commented on the company. Jefferies Group reiterated a “buy” rating on shares of Activision Blizzard in a research note on Monday, July 18th. Stifel Nicolaus reiterated a “buy” rating and set a $35.00 target price on shares of Activision Blizzard in a research note on Tuesday, July 12th. Wedbush reiterated an “outperform” rating and set a $43.00 target price on shares of Activision Blizzard in a research note on Wednesday, July 6th. Vetr downgraded Activision Blizzard from a “buy” rating to a “hold” rating and set a $41.75 target price for the company. in a research note on Tuesday, July 5th. Finally, Cowen and Company reiterated an “outperform” rating and set a $44.00 target price on shares of Activision Blizzard in a research note on Friday, July 1st. Four equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Activision Blizzard presently has a consensus rating of “Buy” and an average price target of $40.11.

The stock has a 50-day moving average price of $39.64 and a 200 day moving average price of $35.52. The stock has a market capitalization of $31.30 billion and a price-to-earnings ratio of 38.06.

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

In related news, CEO Michael Morhaime sold 163,400 shares of the stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $37.77, for a total value of $6,171,618.00. Following the sale, the chief executive officer now directly owns 370,065 shares of the company’s stock, valued at approximately $13,977,355.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Thomas Tippl sold 300,000 shares of the stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $39.08, for a total transaction of $11,724,000.00. The disclosure for this sale can be found here.

A number of hedge funds have recently bought and sold shares of ATVI. KBC Group NV raised its stake in Activision Blizzard by 16.0% in the fourth quarter. KBC Group NV now owns 440,260 shares of the company’s stock worth $17,043,000 after buying an additional 60,660 shares during the period. State of Tennessee Treasury Department raised its stake in Activision Blizzard by 620.5% in the fourth quarter. State of Tennessee Treasury Department now owns 555,509 shares of the company’s stock worth $21,504,000 after buying an additional 478,409 shares during the period. BNP Paribas Arbitrage SA raised its stake in Activision Blizzard by 324.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 397,747 shares of the company’s stock worth $15,397,000 after buying an additional 304,148 shares during the period. WBI Investments Inc. purchased a new stake in Activision Blizzard during the fourth quarter worth $4,488,000. Finally, Egerton Capital UK LLP raised its stake in Activision Blizzard by 22.8% in the fourth quarter. Egerton Capital UK LLP now owns 12,529,425 shares of the company’s stock worth $485,014,000 after buying an additional 2,323,012 shares during the period.

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.