Activision Blizzard, Inc. (ATVI) Insider Sells $8,723,309.98 in Stock
Activision Blizzard, Inc. (NASDAQ:ATVI) insider Stephen G. Wereb sold 120,521 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $72.38, for a total transaction of $8,723,309.98. Following the sale, the insider now directly owns 48,511 shares in the company, valued at $3,511,226.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) traded up $1.09 during trading on Monday, hitting $75.10. 6,280,000 shares of the stock traded hands, compared to its average volume of 6,970,000. Activision Blizzard, Inc. has a fifty-two week low of $46.50 and a fifty-two week high of $75.35. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.77 and a current ratio of 1.78. The firm has a market cap of $56,780.00, a PE ratio of 63.11, a price-to-earnings-growth ratio of 1.97 and a beta of 1.10.
Activision Blizzard (NASDAQ:ATVI) last issued its earnings results on Thursday, February 8th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.02. Activision Blizzard had a net margin of 3.89% and a return on equity of 17.48%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. analysts expect that Activision Blizzard, Inc. will post 2.57 earnings per share for the current year.
Institutional investors have recently modified their holdings of the company. SeaCrest Wealth Management LLC acquired a new stake in Activision Blizzard during the 4th quarter worth $125,000. Goodman Financial Corp acquired a new stake in Activision Blizzard during the 4th quarter worth $127,000. Grove Bank & Trust boosted its stake in Activision Blizzard by 261.7% during the 3rd quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock worth $140,000 after purchasing an additional 1,570 shares during the period. James Hambro & Partners acquired a new stake in Activision Blizzard during the 4th quarter worth $184,000. Finally, Exane Derivatives boosted its stake in Activision Blizzard by 15,900.0% during the 4th quarter. Exane Derivatives now owns 3,040 shares of the company’s stock worth $192,000 after purchasing an additional 3,021 shares during the period. Institutional investors and hedge funds own 85.09% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Activision Blizzard, Inc. (ATVI) Insider Sells $8,723,309.98 in Stock” was first reported by Daily Political and is the property of of Daily Political. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.dailypolitical.com/2018/03/05/activision-blizzard-inc-atvi-insider-sells-8723309-98-in-stock.html.
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.
Receive News & Ratings for Activision Blizzard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard and related companies with MarketBeat.com's FREE daily email newsletter.