Shares of Activision Blizzard, Inc (NASDAQ:ATVI) have earned an average rating of “Buy” from the thirty brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and twenty-four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $65.12.

Several research firms have recently weighed in on ATVI. Cowen and Company reiterated an “outperform” rating and set a $66.00 price target (up previously from $59.00) on shares of Activision Blizzard in a research note on Wednesday, August 9th. Robert W. Baird reiterated an “outperform” rating and set a $68.00 price target (up previously from $60.00) on shares of Activision Blizzard in a research note on Thursday, August 10th. Zacks Investment Research downgraded Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. Jefferies Group LLC reiterated a “buy” rating and set a $78.00 price target (up previously from $68.00) on shares of Activision Blizzard in a research note on Wednesday, August 9th. Finally, Vetr upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.25 price target for the company in a research note on Wednesday, September 27th.

In other news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction dated Friday, August 18th. The stock was 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 directly owns 48,472 shares in the company, valued at approximately $2,972,303.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian G. Kelly sold 3,685,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $61.93, for a total value of $228,212,050.00. Following the transaction, the director now owns 189,791 shares in the company, valued at $11,753,756.63. 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. Corporate insiders own 2.12% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Guardian Life Insurance Co. of America increased its position in shares of Activision Blizzard by 1.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock valued at $133,000 after purchasing an additional 51 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new position in shares of Activision Blizzard during the 2nd quarter valued at about $142,000. Huntington National Bank grew its position in Activision Blizzard by 122.6% during the 2nd quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after acquiring an additional 1,366 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its position in Activision Blizzard by 16.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock worth $150,000 after acquiring an additional 363 shares during the last quarter. Finally, Phocas Financial Corp. bought a new position in Activision Blizzard during the 2nd quarter worth approximately $173,000. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Activision Blizzard (NASDAQ:ATVI) traded down 0.15% during midday trading on Wednesday, hitting $61.36. The stock had a trading volume of 5,644,565 shares. The company has a 50-day moving average price of $63.99 and a 200-day moving average price of $58.68. The stock has a market cap of $46.32 billion, a P/E ratio of 41.43 and a beta of 1.10. Activision Blizzard has a 52 week low of $35.12 and a 52 week high of $66.58.

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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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