Research analysts at Barclays PLC assumed coverage on shares of Activision Blizzard, Inc (NASDAQ:ATVI) in a report issued on Wednesday. The firm set an “equal weight” rating on the stock.

ATVI has been the subject of a number of other reports. Goldman Sachs Group, Inc. (The) began coverage on Activision Blizzard in a research report on Friday, September 8th. They set a “neutral” rating and a $65.00 price objective for the company. KeyCorp reaffirmed a “buy” rating and issued a $74.00 target price on shares of Activision Blizzard in a research report on Friday, September 8th. Vetr lowered shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 target price for the company. in a research note on Thursday, August 31st. Robert W. Baird reaffirmed an “outperform” rating and set a $68.00 target price on shares of Activision Blizzard in a research note on Wednesday, September 20th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $69.00 price target on shares of Activision Blizzard in a research report on Friday, September 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Activision Blizzard presently has a consensus rating of “Buy” and an average price target of $64.32.

Shares of Activision Blizzard (NASDAQ:ATVI) opened at 63.45 on Wednesday. Activision Blizzard has a 52-week low of $35.12 and a 52-week high of $66.58. The firm has a 50-day moving average of $63.94 and a 200 day moving average of $58.19. The stock has a market capitalization of $47.90 billion, a PE ratio of 42.84 and a beta of 1.10.

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In related news, Director Brian G. Kelly sold 98,879 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $61.87, for a total transaction of $6,117,643.73. Following the transaction, the director now owns 189,791 shares of the company’s stock, valued at $11,742,369.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian G. Kelly sold 111,239 shares of the company’s stock in a transaction 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 directly owns 189,791 shares in the company, valued at approximately $11,850,550.04. The disclosure for this sale can be found here. Insiders have sold a total of 4,074,879 shares of company stock worth $252,196,001 in the last quarter. 2.12% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of ATVI. Harwood Advisory Group LLC boosted its holdings in Activision Blizzard by 0.7% during the second quarter. Harwood Advisory Group LLC now owns 5,288 shares of the company’s stock worth $304,000 after buying an additional 36 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Activision Blizzard by 0.4% during the 2nd quarter. Macquarie Group Ltd. now owns 12,345 shares of the company’s stock valued at $711,000 after acquiring an additional 45 shares during the period. Guardian Life Insurance Co. of America lifted its position in shares of Activision Blizzard by 1.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock valued at $133,000 after acquiring an additional 51 shares during the period. D.A. Davidson & CO. lifted its position in shares of Activision Blizzard by 0.7% during the 2nd quarter. D.A. Davidson & CO. now owns 8,926 shares of the company’s stock valued at $513,000 after acquiring an additional 58 shares during the period. Finally, Steinberg Global Asset Management lifted its position in shares of Activision Blizzard by 0.4% during the 1st quarter. Steinberg Global Asset Management now owns 35,542 shares of the company’s stock valued at $1,772,000 after acquiring an additional 131 shares during the period. Institutional investors own 86.27% 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.

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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