Shares of Activision Blizzard, Inc (NASDAQ:ATVI) have earned a consensus recommendation of “Buy” from the thirty research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and twenty-four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $65.12.

Several equities research analysts have recently weighed in on ATVI shares. Zacks Investment Research raised Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research report on Wednesday, July 5th. Benchmark Co. upped their target price on Activision Blizzard from $60.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, June 21st. SunTrust Banks, Inc. started coverage on Activision Blizzard in a research report on Thursday, June 29th. They issued a “buy” rating and a $67.00 target price for the company. BidaskClub downgraded Activision Blizzard from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 28th. Finally, Needham & Company LLC started coverage on Activision Blizzard in a research report on Monday, July 17th. They issued a “buy” rating and a $75.00 target price for the company.

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Activision Blizzard (ATVI) traded up 0.59% during trading on Wednesday, reaching $61.44. The company had a trading volume of 995,832 shares. Activision Blizzard has a 12 month low of $35.12 and a 12 month high of $66.58. The firm’s 50 day moving average is $63.81 and its 200-day moving average is $58.93. The company has a market capitalization of $46.38 billion, a P/E ratio of 41.49 and a beta of 1.10.

In other news, Director Brian G. Kelly sold 3,685,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $61.93, for a total transaction of $228,212,050.00. Following the completion of the transaction, the director now directly owns 189,791 shares of the company’s stock, valued at $11,753,756.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian G. Kelly sold 111,239 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 189,791 shares of the company’s stock, valued at $11,850,550.04. The disclosure for this sale can be found here. Insiders have 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 large investors have recently bought and sold shares of ATVI. BlackRock Inc. grew 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 grew 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 grew 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. Capital World Investors grew 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. Finally, Caxton Associates LP bought a new position in shares of Activision Blizzard during the first quarter valued at approximately $149,610,000. 86.33% of the stock is owned by 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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