Activision Blizzard, Inc (NASDAQ:ATVI) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other analysts also recently commented on ATVI. Pacific Crest reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Activision Blizzard in a research report on Wednesday, April 26th. Benchmark Co. reaffirmed a “buy” rating and set a $57.88 price objective (up previously from $53.96) on shares of Activision Blizzard in a research report on Monday, May 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $59.00 price objective (up previously from $53.00) on shares of Activision Blizzard in a research report on Tuesday, May 2nd. MKM Partners reaffirmed a “neutral” rating and set a $48.00 price objective (up previously from $44.00) on shares of Activision Blizzard in a research report on Tuesday, May 2nd. Finally, Vetr raised shares of Activision Blizzard from a “sell” rating to a “buy” rating and set a $59.23 price objective for the company in a research report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $62.56.

Shares of Activision Blizzard (NASDAQ ATVI) traded up 1.04% on Friday, reaching $62.01. 4,415,845 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $60.72 and its 200-day moving average price is $53.83. Activision Blizzard 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 P/E ratio of 41.87 and a beta of 1.07.

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In other news, insider Dennis M. Durkin sold 160,000 shares of Activision Blizzard stock in a transaction on Friday, August 11th. The stock was sold at an average price of $60.68, for a total transaction of $9,708,800.00. Following the sale, the insider now directly owns 337,534 shares in the company, valued at approximately $20,481,563.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction on Friday, August 18th. The stock was sold at an average price of $61.32, for a total value of $1,211,744.52. Following the sale, the chief executive officer now owns 48,472 shares in the company, valued at $2,972,303.04. 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 over the last quarter. Company insiders own 2.12% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Harwood Advisory Group LLC boosted its stake in Activision Blizzard by 0.7% in 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 during the last quarter. Macquarie Group Ltd. boosted its stake in Activision Blizzard by 0.4% in the second quarter. Macquarie Group Ltd. now owns 12,345 shares of the company’s stock worth $711,000 after buying an additional 45 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in Activision Blizzard by 1.9% in the first quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock worth $133,000 after buying an additional 51 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Activision Blizzard by 0.7% in the second quarter. D.A. Davidson & CO. now owns 8,926 shares of the company’s stock worth $513,000 after buying an additional 58 shares during the last quarter. Finally, TIAA CREF Trust Co. FSB MO boosted its stake in Activision Blizzard by 0.7% in the first quarter. TIAA CREF Trust Co. FSB MO now owns 12,157 shares of the company’s stock worth $606,000 after buying an additional 90 shares during the last quarter. Institutional investors own 87.39% 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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