Activision Blizzard, Inc (ATVI) Director Brian G. Kelly Sells 98,879 Shares

Activision Blizzard, Inc (NASDAQ:ATVI) Director Brian G. Kelly sold 98,879 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $61.87, for a total value of $6,117,643.73. Following the sale, the director now owns 189,791 shares of the company’s stock, valued at approximately $11,742,369.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Activision Blizzard, Inc (NASDAQ ATVI) traded up 0.08% during mid-day trading on Wednesday, reaching $61.38. The company had a trading volume of 6,023,183 shares. The stock has a 50 day moving average price of $60.15 and a 200 day moving average price of $52.22. The company has a market capitalization of $46.26 billion, a P/E ratio of 45.03 and a beta of 1.07. Activision Blizzard, Inc has a one year low of $35.12 and a one year high of $64.06.

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A number of equities research analysts have recently weighed in on the company. Credit Suisse Group restated an “outperform” rating and set a $74.00 target price (up previously from $67.00) on shares of Activision Blizzard in a research report on Wednesday. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 target price for the company in a research report on Wednesday. Jefferies Group LLC restated a “buy” rating and set a $78.00 target price (up previously from $68.00) on shares of Activision Blizzard in a research report on Wednesday. Cowen and Company restated an “outperform” rating and set a $66.00 target price (up previously from $59.00) on shares of Activision Blizzard in a research report on Wednesday. Finally, UBS AG boosted their target price on Activision Blizzard from $67.00 to $72.00 and gave the stock a “buy” rating in a research report on Sunday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $62.04.

Several institutional investors have recently made changes to their positions in the company. Harwood Advisory Group LLC boosted its stake in Activision Blizzard by 0.7% in the second quarter. Harwood Advisory Group LLC now owns 5,288 shares of the company’s stock worth $304,000 after buying an additional 36 shares during the period. Guardian Life Insurance Co. of America raised its position in Activision Blizzard by 1.9% in the first quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock worth $133,000 after buying an additional 51 shares during the period. TIAA CREF Trust Co. FSB MO raised its position in Activision Blizzard by 0.7% in the first quarter. TIAA CREF Trust Co. FSB MO now owns 12,157 shares of the company’s stock worth $606,000 after buying an additional 90 shares during the period. Bbva Compass Bancshares Inc. raised its position in Activision Blizzard by 0.3% in the first quarter. Bbva Compass Bancshares Inc. now owns 51,579 shares of the company’s stock worth $2,572,000 after buying an additional 131 shares during the period. Finally, Steinberg Global Asset Management raised its position in Activision Blizzard by 0.4% in the first quarter. Steinberg Global Asset Management now owns 35,542 shares of the company’s stock worth $1,772,000 after buying an additional 131 shares during the period. Hedge funds and other institutional investors 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.

Insider Buying and Selling by Quarter for Activision Blizzard (NASDAQ:ATVI)

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