Activision Blizzard, Inc (NASDAQ:ATVI)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $64.26 and last traded at $64.26, with a volume of 7,388,249 shares changing hands. The stock had previously closed at $61.78.

Several equities analysts recently issued reports on the stock. Piper Jaffray Companies restated an “overweight” rating and issued a $69.00 target price on shares of Activision Blizzard in a report on Friday, August 4th. Bank of America Corporation upgraded shares of Activision Blizzard from a “neutral” rating to a “buy” rating and boosted their target price for the company from $65.00 to $76.00 in a report on Friday, August 4th. Benchmark Co. boosted their target price on shares of Activision Blizzard from $71.00 to $74.00 and gave the company a “buy” rating in a report on Friday, August 4th. Wedbush boosted their target price on shares of Activision Blizzard to $3.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Finally, UBS AG boosted their target price on shares of Activision Blizzard from $67.00 to $72.00 and gave the company a “buy” rating in a report on Sunday, August 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $62.56.

The stock has a market capitalization of $48.51 billion, a price-to-earnings ratio of 43.39 and a beta of 1.07. The stock has a 50 day moving average price of $60.84 and a 200 day moving average price of $54.18.

In other Activision Blizzard news, Director Brian G. Kelly sold 3,685,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $61.93, for a total transaction of $228,212,050.00. Following the completion of the sale, the director now directly owns 189,791 shares in the company, valued at approximately $11,753,756.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Dennis M. Durkin sold 160,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $60.68, for a total transaction of $9,708,800.00. Following the sale, the insider now owns 337,534 shares of the company’s stock, valued at $20,481,563.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,074,879 shares of company stock valued at $252,196,001. 2.12% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in ATVI. BlackRock Inc. raised its stake in Activision Blizzard by 3,032.9% in the first quarter. BlackRock Inc. now owns 48,912,065 shares of the company’s stock worth $2,438,753,000 after buying an additional 47,350,818 shares in the last quarter. Janus Henderson Group PLC raised its stake in Activision Blizzard by 820.8% in the second quarter. Janus Henderson Group PLC now owns 20,298,735 shares of the company’s stock worth $1,168,587,000 after buying an additional 18,094,334 shares in the last quarter. Jennison Associates LLC raised its stake in Activision Blizzard by 110,271.4% in the first quarter. Jennison Associates LLC now owns 12,179,488 shares of the company’s stock worth $607,269,000 after buying an additional 12,168,453 shares in the last quarter. Egerton Capital UK LLP raised its stake in Activision Blizzard by 225.7% in the first quarter. Egerton Capital UK LLP now owns 12,219,008 shares of the company’s stock worth $609,240,000 after buying an additional 8,467,902 shares in the last quarter. Finally, Capital World Investors raised its stake in Activision Blizzard by 23.8% in the second quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock worth $1,297,513,000 after buying an additional 4,327,000 shares in the last quarter. Institutional investors and hedge funds own 87.39% of the company’s stock.

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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.

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