Activision Blizzard, Inc (NASDAQ:ATVI)‘s stock had its “outperform” rating restated by Credit Suisse Group in a report issued on Wednesday. They currently have a $74.00 price objective on the stock, up from their previous price objective of $67.00. Credit Suisse Group’s target price points to a potential upside of 20.66% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. Vetr raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $50.88 price target for the company in a research report on Monday, April 17th. Stifel Nicolaus reissued a “buy” rating and set a $59.00 price target (up previously from $53.00) on shares of Activision Blizzard in a research report on Tuesday, May 2nd. Zacks Investment Research raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Wednesday, July 5th. Benchmark Co. reissued a “buy” rating and set a $57.88 price target (up previously from $53.96) on shares of Activision Blizzard in a research report on Monday, May 1st. Finally, Morgan Stanley reissued an “overweight” rating and set a $67.00 price target on shares of Activision Blizzard in a research report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $62.04.

Activision Blizzard (NASDAQ ATVI) traded down 0.334% on Wednesday, hitting $61.125. 4,489,129 shares of the company’s stock were exchanged. Activision Blizzard has a 12-month low of $35.12 and a 12-month high of $64.06. The company’s 50-day moving average price is $60.15 and its 200-day moving average price is $52.22. The company has a market cap of $46.07 billion, a PE ratio of 44.846 and a beta of 1.07.

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In related news, CEO of King Digital Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $55.45, for a total transaction of $1,095,747.45. Following the sale, the insider now directly owns 55,509 shares in the company, valued at $3,077,974.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.12% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. Granite Investment Partners LLC raised its stake in Activision Blizzard by 6.6% in the first quarter. Granite Investment Partners LLC now owns 171,868 shares of the company’s stock valued at $8,569,000 after buying an additional 10,695 shares in the last quarter. DnB Asset Management AS raised its stake in Activision Blizzard by 10.6% in the second quarter. DnB Asset Management AS now owns 80,653 shares of the company’s stock valued at $4,643,000 after buying an additional 7,700 shares in the last quarter. Scout Investments Inc. raised its stake in Activision Blizzard by 143.6% in the first quarter. Scout Investments Inc. now owns 614,690 shares of the company’s stock valued at $20,801,000 after buying an additional 362,384 shares in the last quarter. National Pension Service raised its stake in Activision Blizzard by 9.9% in the second quarter. National Pension Service now owns 557,658 shares of the company’s stock valued at $32,110,000 after buying an additional 50,461 shares in the last quarter. Finally, Polaris Greystone Financial Group LLC raised its stake in Activision Blizzard by 3.8% in the first quarter. Polaris Greystone Financial Group LLC now owns 19,296 shares of the company’s stock valued at $962,000 after buying an additional 706 shares in the last quarter. Institutional investors and hedge funds own 87.37% of the company’s stock.

About Activision Blizzard

Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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