Analysts at Buckingham Research started coverage on shares of Activision Blizzard, Inc (NASDAQ:ATVI) in a note issued to investors on Wednesday. The firm set a “buy” rating and a $79.00 price target on the stock. Buckingham Research’s price objective suggests a potential upside of 23.23% from the company’s previous close.

A number of other brokerages have also recently commented on ATVI. Piper Jaffray Companies reiterated an “overweight” rating and issued a $69.00 target price on shares of Activision Blizzard in a research report on Friday, August 4th. Vetr cut shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 target price on the stock. in a research report on Thursday, August 31st. Benchmark Co. lifted their target price on shares of Activision Blizzard from $71.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. UBS AG lifted their target price on shares of Activision Blizzard from $67.00 to $72.00 and gave the stock a “buy” rating in a research report on Sunday, August 6th. Finally, Goldman Sachs Group, Inc. (The) started coverage on shares of Activision Blizzard in a research report on Friday, September 8th. They issued a “neutral” rating and a $65.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Activision Blizzard presently has a consensus rating of “Buy” and a consensus price target of $64.23.

Shares of Activision Blizzard (NASDAQ:ATVI) opened at 64.11 on Wednesday. The company has a market cap of $48.40 billion, a PE ratio of 43.29 and a beta of 1.08. Activision Blizzard has a 52 week low of $35.12 and a 52 week high of $66.58. The company has a 50 day moving average of $63.45 and a 200 day moving average of $57.13.

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In other Activision Blizzard news, Director Brian G. Kelly sold 111,239 shares of Activision Blizzard stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $62.44, for a total value of $6,945,763.16. Following the completion of the transaction, the director now directly owns 189,791 shares of the company’s stock, valued at $11,850,550.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dennis M. Durkin sold 160,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 337,534 shares of the company’s stock, valued at $20,481,563.12. The disclosure for this sale can be found here. Insiders sold 4,074,879 shares of company stock valued at $252,196,001 over the last ninety days. Corporate insiders own 2.12% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATVI. BlackRock Inc. raised its holdings in shares of Activision Blizzard by 3,032.9% during the first quarter. BlackRock Inc. now owns 48,912,065 shares of the company’s stock valued at $2,438,753,000 after purchasing an additional 47,350,818 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Activision Blizzard by 820.8% during the second quarter. Janus Henderson Group PLC now owns 20,298,735 shares of the company’s stock valued at $1,168,587,000 after purchasing an additional 18,094,334 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Activision Blizzard by 82.6% during the second quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock valued at $1,283,097,000 after purchasing an additional 10,083,717 shares during the last quarter. Egerton Capital UK LLP raised its holdings in shares of Activision Blizzard by 225.7% during the first quarter. Egerton Capital UK LLP now owns 12,219,008 shares of the company’s stock valued at $609,240,000 after purchasing an additional 8,467,902 shares during the last quarter. Finally, Capital World Investors raised its holdings in shares of Activision Blizzard by 23.8% during the second quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock valued at $1,297,513,000 after purchasing an additional 4,327,000 shares during the last quarter. 86.27% of the stock is owned by hedge funds and other institutional investors.

Activision Blizzard Company Profile

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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