Stock analysts at Goldman Sachs Group, Inc. (The) assumed coverage on shares of Activision Blizzard, Inc (NASDAQ:ATVI) in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $65.00 price target on the stock. Goldman Sachs Group, Inc. (The)’s price objective would suggest a potential upside of 0.11% from the company’s previous close.

A number of other research firms also recently commented on ATVI. KeyCorp reiterated a “buy” rating and issued a $74.00 price target on shares of Activision Blizzard in a research note on Friday. Vetr downgraded Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 price target for the company. in a research note on Thursday, August 31st. Piper Jaffray Companies reiterated an “overweight” rating and issued a $69.00 price target on shares of Activision Blizzard in a research note on Friday, August 4th. Wedbush lifted their price target on Activision Blizzard to $3.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Finally, Benchmark Co. lifted their price target on Activision Blizzard from $71.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $62.87.

Activision Blizzard (ATVI) traded down 1.37% during mid-day trading on Friday, hitting $64.93. The stock had a trading volume of 5,224,167 shares. The company has a 50-day moving average of $62.60 and a 200-day moving average of $55.94. The firm has a market cap of $49.02 billion, a PE ratio of 43.84 and a beta of 1.08. Activision Blizzard has a 12-month low of $35.12 and a 12-month high of $66.58.

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In related news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 48,472 shares in the company, valued at $2,972,303.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dennis M. Durkin sold 160,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $60.68, for a total transaction of $9,708,800.00. Following the transaction, the insider now owns 337,534 shares in the company, valued at approximately $20,481,563.12. The disclosure for this sale can be found here. Insiders have sold 4,074,879 shares of company stock worth $252,196,001 in the last quarter. Company insiders own 2.12% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Guardian Life Insurance Co. of America increased its stake in shares of Activision Blizzard by 1.9% during the first 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. Shine Investment Advisory Services Inc. acquired a new position in shares of Activision Blizzard during the second quarter valued at approximately $142,000. Huntington National Bank increased its stake in shares of Activision Blizzard by 122.6% during the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock valued at $143,000 after acquiring an additional 1,366 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of Activision Blizzard by 16.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock valued at $150,000 after acquiring an additional 363 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Activision Blizzard by 504.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,023 shares of the company’s stock valued at $151,000 after acquiring an additional 2,523 shares during the period. Institutional investors and hedge funds own 86.33% of the company’s stock.

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.

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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