Activision Blizzard, Inc (NASDAQ:ATVI) CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $61.32, for a total transaction of $1,211,744.52. Following the completion of the transaction, the chief executive officer now owns 48,472 shares of the company’s stock, valued at approximately $2,972,303.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Activision Blizzard, Inc (ATVI) traded up 1.04% during midday trading on Friday, hitting $62.01. 4,415,845 shares of the stock were exchanged. The firm’s 50-day moving average is $60.72 and its 200 day moving average is $53.83. The firm has a market cap of $46.81 billion, a PE ratio of 41.87 and a beta of 1.07. Activision Blizzard, Inc has a 52-week low of $35.12 and a 52-week high of $64.06.
ATVI has been the subject of several recent research reports. Pacific Crest reiterated an “overweight” rating and issued a $60.00 target price on shares of Activision Blizzard in a research note on Wednesday, April 26th. Benchmark Co. reiterated a “buy” rating and issued a $57.88 target price (up previously from $53.96) on shares of Activision Blizzard in a research note on Monday, May 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $59.00 target price (up previously from $53.00) on shares of Activision Blizzard in a research note on Tuesday, May 2nd. MKM Partners reiterated a “neutral” rating and issued a $48.00 target price (up previously from $44.00) on shares of Activision Blizzard in a research note on Tuesday, May 2nd. Finally, Vetr raised shares of Activision Blizzard from a “sell” rating to a “buy” rating and set a $59.23 price objective for the company in a research note on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $62.56.
A number of hedge funds have recently modified their holdings of the company. Toronto Dominion Bank increased its stake in shares of Activision Blizzard by 26.6% in the second quarter. Toronto Dominion Bank now owns 235,042 shares of the company’s stock worth $13,528,000 after buying an additional 49,445 shares in the last quarter. Cookson Peirce & Co. Inc. increased its stake in shares of Activision Blizzard by 23.2% in the second quarter. Cookson Peirce & Co. Inc. now owns 18,510 shares of the company’s stock worth $1,066,000 after buying an additional 3,490 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of Activision Blizzard during the second quarter worth about $313,000. Advisory Services Network LLC increased its stake in shares of Activision Blizzard by 142.7% in the second quarter. Advisory Services Network LLC now owns 10,405 shares of the company’s stock worth $599,000 after buying an additional 6,117 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of Activision Blizzard by 97.1% in the second quarter. Dynamic Technology Lab Private Ltd now owns 8,600 shares of the company’s stock worth $495,000 after buying an additional 4,237 shares in the last quarter. Institutional investors own 87.39% of the company’s stock.
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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