Shares of Activision Blizzard Inc. (NASDAQ:ATVI) hit a new 52-week high during trading on Friday . The stock traded as high as $43.10 and last traded at $42.96, with a volume of 5,561,949 shares traded. The stock had previously closed at $42.15.

Several analysts have recently commented on ATVI shares. Robert W. Baird reaffirmed an “outperform” rating and issued a $42.00 target price (up previously from $38.00) on shares of Activision Blizzard in a research report on Saturday, May 7th. MKM Partners raised their target price on Activision Blizzard from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, May 9th. Barclays PLC reaffirmed a “buy” rating on shares of Activision Blizzard in a research report on Sunday, May 8th. Pacific Crest reaffirmed a “buy” rating and issued a $41.00 target price (up previously from $36.00) on shares of Activision Blizzard in a research report on Sunday, May 8th. Finally, Sterne Agee CRT reaffirmed a “buy” rating on shares of Activision Blizzard in a research report on Sunday, May 8th. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Activision Blizzard has a consensus rating of “Buy” and an average price target of $43.32.

The firm has a 50 day moving average price of $40.99 and a 200-day moving average price of $36.97. The stock has a market cap of $31.73 billion and a price-to-earnings ratio of 43.10.

Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Thursday, August 4th. The company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.03. The company earned $1.57 billion during the quarter, compared to analyst estimates of $1.44 billion. Activision Blizzard’s revenue for the quarter was up 112.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. On average, analysts anticipate that Activision Blizzard Inc. will post $1.97 EPS for the current year.

In other news, CFO Dennis M. Durkin sold 119,937 shares of the stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $41.33, for a total transaction of $4,956,996.21. Following the completion of the transaction, the chief financial officer now directly owns 431,425 shares in the company, valued at approximately $17,830,795.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Brian G. Kelly sold 386,927 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $40.51, for a total transaction of $15,674,412.77. Following the transaction, the director now owns 292,929 shares of the company’s stock, valued at $11,866,553.79. The disclosure for this sale can be found here.

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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