Activision Blizzard CEO Eric Hirshberg Sells 66,400 Shares (ATVI)
Activision Blizzard (NASDAQ:ATVI) CEO Eric Hirshberg unloaded 66,400 shares of Activision Blizzard stock on the open market in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $17.20, for a total transaction of $1,142,080.00. Following the transaction, the chief executive officer now directly owns 516,000 shares in the company. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on ATVI. Analysts at Benchmark Co. initiated coverage on shares of Activision Blizzard (NASDAQ:ATVI) in a research note to investors on Wednesday, August 7th. They set a “buy” rating and a $20.31 price target on the stock. Separately, analysts at Brean Capital raised their price target on shares of Activision Blizzard (NASDAQ:ATVI) from $19.00 to $20.00 in a research note to investors on Friday, August 2nd. Finally, analysts at UBS AG raised their price target on shares of Activision Blizzard (NASDAQ:ATVI) from $17.00 to $21.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock.
One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. Activision Blizzard presently has an average rating of “Buy” and a consensus price target of $19.09.
Shares of Activision Blizzard (NASDAQ:ATVI) traded down 1.66% on Thursday, hitting $16.90. 3,760,639 shares of the company’s stock traded hands. Activision Blizzard has a one year low of $10.45 and a one year high of $18.43. The stock has a 50-day moving average of $17.13 and a 200-day moving average of $15.28. The company has a market cap of $18.919 billion and a price-to-earnings ratio of 14.43. Activision Blizzard also was the recipient of unusually large options trading on Monday. Stock investors purchased 20,192 call options on the company. This is an increase of 488% compared to the average volume of 3,432 call options.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.01. The company had revenue of $608.00 million for the quarter, compared to the consensus estimate of $605.21 million. During the same quarter last year, the company posted $0.20 earnings per share. Activision Blizzard’s revenue was down 42.3% compared to the same quarter last year. On average, analysts predict that Activision Blizzard will post $0.89 earnings per share for the current fiscal year.
Activision, Inc (NASDAQ:ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.
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