Argus reaffirmed their buy rating on shares of Activision Blizzard, Inc (NASDAQ:ATVI) in a research report report published on Wednesday morning. They currently have a $70.00 price target on the stock, up from their prior price target of $65.00.

A number of other equities analysts also recently issued reports on ATVI. Wedbush set a $63.00 price objective on Activision Blizzard and gave the stock a buy rating in a research report on Saturday, May 6th. UBS AG restated a buy rating and set a $60.00 price objective (up from $57.00) on shares of Activision Blizzard in a research report on Friday, May 5th. Cowen and Company restated an outperform rating and set a $66.00 price objective (up from $59.00) on shares of Activision Blizzard in a research report on Wednesday, August 9th. Robert W. Baird restated an outperform rating and set a $68.00 price objective (up from $60.00) on shares of Activision Blizzard in a research report on Thursday, August 10th. Finally, Zacks Investment Research upgraded Activision Blizzard from a hold rating to a strong-buy rating and set a $71.00 price objective for the company in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $62.56.

Activision Blizzard (NASDAQ ATVI) traded up 1.04% during trading on Wednesday, hitting $62.01. The stock had a trading volume of 4,415,845 shares. The company has a market cap of $46.81 billion, a price-to-earnings ratio of 41.87 and a beta of 1.07. The company has a 50-day moving average of $60.72 and a 200 day moving average of $53.83. Activision Blizzard has a 52 week low of $35.12 and a 52 week high of $64.06.

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In other news, Director Brian G. Kelly sold 111,239 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $62.44, for a total value of $6,945,763.16. Following the transaction, the director now owns 189,791 shares in the company, valued at $11,850,550.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian G. Kelly sold 3,685,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $61.93, for a total value of $228,212,050.00. Following the completion of the transaction, the director now owns 189,791 shares in the company, valued at approximately $11,753,756.63. The disclosure for this sale can be found here. Insiders sold 4,074,879 shares of company stock worth $252,196,001 in the last 90 days. Corporate insiders own 2.12% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC raised its position in Activision Blizzard by 0.5% in the first quarter. FMR LLC now owns 112,040,404 shares of the company’s stock worth $5,586,335,000 after buying an additional 560,282 shares in the last quarter. BlackRock Inc. raised its position in Activision Blizzard by 0.5% in the second quarter. BlackRock Inc. now owns 49,147,427 shares of the company’s stock worth $2,829,418,000 after buying an additional 235,362 shares in the last quarter. Vanguard Group Inc. raised its position in Activision Blizzard by 4.8% in the second quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock worth $2,786,211,000 after buying an additional 2,200,995 shares in the last quarter. State Street Corp raised its position in Activision Blizzard by 4.7% in the second quarter. State Street Corp now owns 26,680,585 shares of the company’s stock worth $1,536,010,000 after buying an additional 1,197,980 shares in the last quarter. Finally, Capital World Investors raised its position in Activision Blizzard by 23.8% in the second quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock worth $1,297,513,000 after buying an additional 4,327,000 shares in the last quarter. Institutional investors own 87.39% 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.

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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