Shares of Activision Blizzard, Inc (NASDAQ:ATVI) have earned a consensus recommendation of “Buy” from the twenty-nine brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $62.98.

Several equities analysts recently weighed in on the company. Stifel Nicolaus reissued a “buy” rating on shares of Activision Blizzard in a report on Sunday, September 10th. Piper Jaffray Companies reissued an “overweight” rating and set a $69.00 price target on shares of Activision Blizzard in a report on Friday, September 8th. Goldman Sachs Group, Inc. (The) began coverage on Activision Blizzard in a report on Friday, September 8th. They set a “neutral” rating and a $65.00 price target on the stock. KeyCorp reissued a “buy” rating and set a $74.00 price target on shares of Activision Blizzard in a report on Friday, September 8th. Finally, Vetr cut Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 price target on the stock. in a report on Thursday, August 31st.

Shares of Activision Blizzard (ATVI) traded down 0.26% during trading on Friday, reaching $65.00. The company’s stock had a trading volume of 16,172,802 shares. Activision Blizzard has a 12-month low of $35.12 and a 12-month high of $66.58. The company has a market cap of $49.07 billion, a PE ratio of 43.89 and a beta of 1.08. The company has a 50 day moving average of $63.30 and a 200 day moving average of $56.72.

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In other Activision Blizzard news, insider Dennis M. Durkin sold 160,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 337,534 shares in the company, valued at $20,481,563.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian G. Kelly sold 111,239 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $62.44, for a total value of $6,945,763.16. Following the transaction, the director now owns 189,791 shares of the company’s stock, valued at approximately $11,850,550.04. The disclosure for this sale can be found here. Insiders have sold 4,074,879 shares of company stock valued at $252,196,001 in the last 90 days. Company insiders own 2.12% of the company’s stock.

Several large investors have recently made changes to their positions in ATVI. BlackRock Inc. boosted its position in shares of Activision Blizzard by 3,032.9% during the first quarter. BlackRock Inc. now owns 48,912,065 shares of the company’s stock valued at $2,438,753,000 after buying an additional 47,350,818 shares during the period. Janus Henderson Group PLC boosted its position in shares of Activision Blizzard by 820.8% during the second quarter. Janus Henderson Group PLC now owns 20,298,735 shares of the company’s stock valued at $1,168,587,000 after buying an additional 18,094,334 shares during the period. Jennison Associates LLC boosted its position in shares of Activision Blizzard by 82.6% during the second quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock valued at $1,283,097,000 after buying an additional 10,083,717 shares during the period. Egerton Capital UK LLP boosted its position in shares of Activision Blizzard by 225.7% during the first quarter. Egerton Capital UK LLP now owns 12,219,008 shares of the company’s stock valued at $609,240,000 after buying an additional 8,467,902 shares during the period. Finally, Capital World Investors boosted its position in shares of Activision Blizzard by 23.8% during the second quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock valued at $1,297,513,000 after buying an additional 4,327,000 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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