Activision Blizzard, Inc. (ATVI) Director Sells $6,149,440.00 in Stock

Activision Blizzard, Inc. (NASDAQ:ATVI) Director Robert J. Corti sold 88,000 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $69.88, for a total transaction of $6,149,440.00. Following the completion of the sale, the director now directly owns 129,562 shares in the company, valued at approximately $9,053,792.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Activision Blizzard, Inc. (NASDAQ:ATVI) traded down $0.62 during trading hours on Wednesday, hitting $70.22. 5,552,313 shares of the company’s stock traded hands, compared to its average volume of 7,010,000. Activision Blizzard, Inc. has a 12-month low of $44.60 and a 12-month high of $74.94. The firm has a market capitalization of $53,090.00, a P/E ratio of 200.63, a P/E/G ratio of 1.87 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.77 and a current ratio of 1.78.

Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.02. Activision Blizzard had a net margin of 3.89% and a return on equity of 17.48%. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the company posted $0.65 earnings per share. Activision Blizzard’s revenue was up 7.7% compared to the same quarter last year. equities research analysts expect that Activision Blizzard, Inc. will post 2.57 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. grew its stake in shares of Activision Blizzard by 94.4% in the third quarter. Oppenheimer & Co. Inc. now owns 66,349 shares of the company’s stock valued at $4,280,000 after acquiring an additional 32,224 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Activision Blizzard by 3.5% in the third quarter. State Board of Administration of Florida Retirement System now owns 1,005,178 shares of the company’s stock valued at $64,844,000 after acquiring an additional 34,070 shares in the last quarter. Highstreet Asset Management Inc. grew its stake in shares of Activision Blizzard by 23.6% in the third quarter. Highstreet Asset Management Inc. now owns 11,282 shares of the company’s stock valued at $728,000 after acquiring an additional 2,151 shares in the last quarter. Carmignac Gestion grew its stake in shares of Activision Blizzard by 0.5% in the third quarter. Carmignac Gestion now owns 5,920,188 shares of the company’s stock valued at $381,911,000 after acquiring an additional 26,761 shares in the last quarter. Finally, State of Wisconsin Investment Board grew its stake in shares of Activision Blizzard by 8.4% in the third quarter. State of Wisconsin Investment Board now owns 1,045,155 shares of the company’s stock valued at $67,423,000 after acquiring an additional 81,245 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

Several analysts have issued reports on ATVI shares. Zacks Investment Research raised shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price target on the stock in a research report on Friday, October 27th. Vetr lowered shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $62.29 price target on the stock. in a research report on Tuesday, December 12th. Wedbush set a $75.00 price target on shares of Activision Blizzard and gave the stock a “buy” rating in a research report on Thursday, October 26th. SunTrust Banks set a $77.00 price target on shares of Activision Blizzard and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, Goldman Sachs Group raised shares of Activision Blizzard from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 12th. Six investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $73.08.

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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.

Insider Buying and Selling by Quarter for Activision Blizzard (NASDAQ:ATVI)

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