Activision Blizzard Inc. (NASDAQ:ATVI) CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $40.09, for a total value of $792,218.49. Following the transaction, the chief executive officer now owns 69,583 shares of the company’s stock, valued at $2,789,582.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Activision Blizzard Inc. (NASDAQ:ATVI) traded down 1.46% on Monday, hitting $37.83. The company’s stock had a trading volume of 4,466,296 shares. The stock has a market cap of $28.12 billion, a PE ratio of 32.84 and a beta of 1.11. Activision Blizzard Inc. has a 12 month low of $26.49 and a 12 month high of $45.55. The firm has a 50 day moving average of $42.66 and a 200-day moving average of $40.87.

Activision Blizzard (NASDAQ:ATVI) last released its earnings results on Thursday, November 3rd. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.42 by $0.07. Activision Blizzard had a return on equity of 16.63% and a net margin of 13.81%. The business earned $1.57 billion during the quarter, compared to analysts’ expectations of $6.54 billion. During the same quarter last year, the firm posted $0.21 earnings per share. The firm’s revenue was up 58.4% on a year-over-year basis. On average, analysts expect that Activision Blizzard Inc. will post $2.06 earnings per share for the current fiscal year.

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

Large investors have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Activision Blizzard by 88.7% in the second quarter. FMR LLC now owns 105,342,767 shares of the company’s stock valued at $4,174,735,000 after buying an additional 49,511,148 shares in the last quarter. Vanguard Group Inc. boosted its stake in Activision Blizzard by 3.6% in the second quarter. Vanguard Group Inc. now owns 33,277,915 shares of the company’s stock valued at $1,318,803,000 after buying an additional 1,166,054 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Activision Blizzard by 45.0% in the second quarter. Ameriprise Financial Inc. now owns 30,276,592 shares of the company’s stock valued at $1,199,862,000 after buying an additional 9,390,129 shares in the last quarter. State Street Corp boosted its stake in Activision Blizzard by 2.6% in the second quarter. State Street Corp now owns 19,349,183 shares of the company’s stock valued at $766,806,000 after buying an additional 492,609 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Activision Blizzard by 20.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 17,171,623 shares of the company’s stock valued at $760,703,000 after buying an additional 2,891,812 shares in the last quarter. 83.39% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on ATVI. Vetr lowered Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $50.74 target price for the company. in a research note on Monday, October 24th. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a research note on Wednesday, October 26th. Piper Jaffray Cos. restated an “overweight” rating and issued a $51.00 target price on shares of Activision Blizzard in a research note on Monday, October 24th. Benchmark Co. restated a “buy” rating and issued a $49.79 target price (up from $45.56) on shares of Activision Blizzard in a research note on Thursday, September 22nd. Finally, Morgan Stanley began coverage on Activision Blizzard in a research note on Friday, September 23rd. They issued an “overweight” rating and a $56.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Activision Blizzard presently has a consensus rating of “Buy” and an average target price of $46.66.

About Activision Blizzard

Activision Blizzard, Inc is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company operates through Activision Publishing, Inc (Activision) and its subsidiaries, Blizzard Entertainment, Inc (Blizzard) and its subsidiaries, and Other segments.

5 Day Chart for NASDAQ:ATVI

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