Activision Blizzard, Inc (NASDAQ:ATVI) received a $72.00 price objective from analysts at SunTrust Banks, Inc. in a report issued on Sunday. The brokerage presently has a “buy” rating on the stock. SunTrust Banks, Inc.’s target price points to a potential upside of 12.25% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. Cowen and Company cut Activision Blizzard from an “outperform” rating to a “market perform” rating and set a $66.00 price target on the stock. in a research note on Monday, October 9th. Piper Jaffray Companies restated an “overweight” rating and issued a $69.00 price target on shares of Activision Blizzard in a research note on Friday, September 8th. Goldman Sachs Group, Inc. (The) initiated coverage on Activision Blizzard in a research note on Friday, September 8th. They issued a “neutral” rating and a $65.00 price target on the stock. KeyCorp restated a “buy” rating and issued a $74.00 price target on shares of Activision Blizzard in a research note on Friday, September 8th. Finally, Morgan Stanley restated an “overweight” rating and issued a $67.00 price target on shares of Activision Blizzard in a research note on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $67.91.

Activision Blizzard (NASDAQ:ATVI) opened at 64.14 on Friday. Activision Blizzard has a 12 month low of $35.12 and a 12 month high of $66.58. The company’s 50-day moving average is $63.16 and its 200-day moving average is $59.70. The company has a market cap of $48.42 billion, a price-to-earnings ratio of 43.31 and a beta of 1.10.

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In other news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard 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 sale, the chief executive officer now directly owns 48,472 shares of the company’s stock, valued at $2,972,303.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian G. Kelly sold 3,685,000 shares of Activision Blizzard 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 sale, the director now directly owns 189,791 shares in the company, valued at $11,753,756.63. The disclosure for this sale can be found here. Insiders sold 4,074,879 shares of company stock worth $252,196,001 over the last ninety days. 2.12% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. Harwood Advisory Group LLC boosted its stake in shares of Activision Blizzard by 0.7% during the second quarter. Harwood Advisory Group LLC now owns 5,288 shares of the company’s stock valued at $304,000 after purchasing an additional 36 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of Activision Blizzard by 0.4% during the second quarter. Macquarie Group Ltd. now owns 12,345 shares of the company’s stock valued at $711,000 after purchasing an additional 45 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of Activision Blizzard by 0.7% during the second quarter. D.A. Davidson & CO. now owns 8,926 shares of the company’s stock valued at $513,000 after purchasing an additional 58 shares in the last quarter. Accuvest Global Advisors boosted its stake in shares of Activision Blizzard by 2.0% during the second quarter. Accuvest Global Advisors now owns 9,758 shares of the company’s stock valued at $562,000 after purchasing an additional 194 shares in the last quarter. Finally, Commerce Bank boosted its stake in shares of Activision Blizzard by 1.7% during the second quarter. Commerce Bank now owns 11,883 shares of the company’s stock valued at $684,000 after purchasing an additional 199 shares in the last quarter. 86.27% of the stock is currently owned by hedge funds and other institutional investors.

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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