Activision Blizzard, Inc (NASDAQ:ATVI) CEO Robert A. Kotick sold 2,400 shares of the firm’s stock in a transaction dated Friday, March 31st. The stock was sold at an average price of $49.91, for a total transaction of $119,784.00. Following the completion of the sale, the chief executive officer now owns 3,711,468 shares of the company’s stock, valued at $185,239,367.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Activision Blizzard, Inc (NASDAQ ATVI) traded up 0.08% during midday trading on Wednesday, reaching $61.38. 6,023,183 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $60.15 and its 200-day moving average is $52.22. The stock has a market capitalization of $46.26 billion, a price-to-earnings ratio of 45.03 and a beta of 1.07. Activision Blizzard, Inc has a 12-month low of $35.12 and a 12-month high of $64.06.
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ATVI has been the subject of several research analyst reports. MKM Partners restated a “neutral” rating and issued a $48.00 price objective (up from $44.00) on shares of Activision Blizzard in a report on Tuesday, May 2nd. Vetr upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.63 price objective for the company in a report on Thursday, June 8th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $60.00 price objective (up from $53.00) on shares of Activision Blizzard in a report on Friday, May 5th. Pacific Crest restated an “overweight” rating and issued a $60.00 price objective on shares of Activision Blizzard in a report on Wednesday, April 26th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $59.00 price objective (up from $53.00) on shares of Activision Blizzard in a report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Activision Blizzard has an average rating of “Buy” and a consensus target price of $62.04.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. boosted its position in Activision Blizzard by 5,051.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 253,093 shares of the company’s stock worth $14,571,000 after buying an additional 248,180 shares in the last quarter. Calamos Advisors LLC bought a new position in Activision Blizzard during the second quarter worth about $3,992,000. Atlantic Trust Group LLC bought a new position in Activision Blizzard during the second quarter worth about $1,626,000. Rosenblum Silverman Sutton S F Inc. CA boosted its position in Activision Blizzard by 1.6% in the second quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 160,089 shares of the company’s stock worth $9,216,000 after buying an additional 2,579 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its position in Activision Blizzard by 3.5% in the second quarter. Flagship Harbor Advisors LLC now owns 9,076 shares of the company’s stock worth $537,000 after buying an additional 311 shares in the last quarter. 87.37% of the stock is owned by institutional investors and hedge funds.
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.
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