Insider Selling: Activision Blizzard Insider Unloads 394,280 Shares of Stock (ATVI)
Activision Blizzard (NASDAQ:ATVI) Insider Humam Sakhnini sold 394,280 shares of Activision Blizzard stock on the open market in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $22.88, for a total value of $9,021,126.40. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Activision Blizzard (NASDAQ:ATVI) traded up 0.88% on Wednesday, hitting $23.01. The stock had a trading volume of 5,339,182 shares. Activision Blizzard has a 52 week low of $16.02 and a 52 week high of $23.79. The stock has a 50-day moving average of $22. and a 200-day moving average of $20.6. The company has a market cap of $16.509 billion and a P/E ratio of 27.06.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.04. The company had revenue of $658.00 million for the quarter, compared to the consensus estimate of $607.75 million. During the same quarter last year, the company posted $0.08 earnings per share. Activision Blizzard’s revenue was up 8.2% compared to the same quarter last year. On average, analysts predict that Activision Blizzard will post $1.32 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ATVI shares. Analysts at Longbow Research upgraded shares of Activision Blizzard from a “neutral” rating to a “buy” rating in a research note on Friday, August 8th. They now have a $28.00 price target on the stock. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of Activision Blizzard in a research note on Wednesday, August 6th. They now have a $26.00 price target on the stock, up previously from $25.00. Finally, analysts at Benchmark Co. raised their price target on shares of Activision Blizzard from $23.82 to $24.40 in a research note on Wednesday, August 6th. Twelve analysts have rated the stock with a buy rating, Activision Blizzard has an average rating of “Buy” and an average target price of $25.92.
Activision, Inc (NASDAQ:ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.
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