Activision Blizzard, Inc. (NASDAQ:ATVI) insider Dennis M. Durkin sold 71,488 shares of Activision Blizzard stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $75.65, for a total transaction of $5,408,067.20. Following the sale, the insider now directly owns 151,314 shares of the company’s stock, valued at approximately $11,446,904.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) traded down $1.71 on Wednesday, reaching $74.22. 11,755,441 shares of the company traded hands, compared to its average volume of 7,310,000. The company has a market cap of $56,310.00, a P/E ratio of 62.37, a PEG ratio of 2.05 and a beta of 1.10. Activision Blizzard, Inc. has a 12-month low of $47.80 and a 12-month high of $79.63. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.46.
Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Thursday, February 8th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.92 by $0.02. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.55 billion. Activision Blizzard had a net margin of 3.89% and a return on equity of 17.48%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS. equities research analysts forecast that Activision Blizzard, Inc. will post 2.57 EPS for the current year.
A number of brokerages have issued reports on ATVI. Zacks Investment Research raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Tuesday. Citigroup reissued a “positive” rating and set a $87.00 target price (up previously from $78.00) on shares of Activision Blizzard in a research note on Monday. Vetr lowered shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $83.48 target price for the company. in a research note on Monday. ValuEngine raised shares of Activision Blizzard from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, BidaskClub raised shares of Activision Blizzard from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Five investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $75.02.
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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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