Activision Blizzard, Inc (NASDAQ:ATVI) CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $61.32, for a total transaction of $1,211,744.52. Following the completion of the transaction, the chief executive officer now directly owns 48,472 shares of the company’s stock, valued at approximately $2,972,303.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Activision Blizzard, Inc (NASDAQ:ATVI) traded up 1.04% during mid-day trading on Friday, reaching $62.01. 4,415,845 shares of the company’s stock were exchanged. The company has a 50-day moving average of $60.59 and a 200-day moving average of $53.67. Activision Blizzard, Inc has a 52-week low of $35.12 and a 52-week high of $64.06. The stock has a market cap of $46.81 billion, a price-to-earnings ratio of 41.87 and a beta of 1.07.

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Several institutional investors have recently added to or reduced their stakes in the stock. Raymond James Trust N.A. purchased a new position in Activision Blizzard during the first quarter worth approximately $235,000. Bank of Montreal Can raised its position in Activision Blizzard by 5.6% in the first quarter. Bank of Montreal Can now owns 209,734 shares of the company’s stock worth $10,456,000 after buying an additional 11,109 shares during the period. Fox Run Management L.L.C. purchased a new position in Activision Blizzard during the first quarter worth approximately $329,000. Telemus Capital LLC purchased a new position in Activision Blizzard during the first quarter worth approximately $696,000. Finally, Coastline Trust Co raised its position in Activision Blizzard by 22.0% in the first quarter. Coastline Trust Co now owns 14,050 shares of the company’s stock worth $701,000 after buying an additional 2,530 shares during the period. Institutional investors own 87.39% of the company’s stock.

A number of brokerages have recently commented on ATVI. Argus reissued a “buy” rating and issued a $70.00 price objective (up previously from $65.00) on shares of Activision Blizzard in a research report on Wednesday. Robert W. Baird reissued an “outperform” rating and issued a $68.00 price objective (up previously from $60.00) on shares of Activision Blizzard in a research report on Thursday, August 10th. Credit Suisse Group reissued an “outperform” rating and issued a $74.00 price objective (up previously from $67.00) on shares of Activision Blizzard in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of 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. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $78.00 price objective (up previously from $68.00) on shares of Activision Blizzard in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $62.56.

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.

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

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