Activision Blizzard, Inc. (ATVI) Director Sells $120,105,000.00 in Stock

Activision Blizzard, Inc. (NASDAQ:ATVI) Director Brian G. Kelly sold 1,700,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $70.65, for a total value of $120,105,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Brian G. Kelly also recently made the following trade(s):

  • On Wednesday, February 21st, Brian G. Kelly sold 680,000 shares of Activision Blizzard stock. The shares were sold at an average price of $71.00, for a total value of $48,280,000.00.

Activision Blizzard, Inc. (ATVI) opened at $72.07 on Friday. Activision Blizzard, Inc. has a 12-month low of $44.84 and a 12-month high of $74.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.77 and a current ratio of 1.78. The firm has a market capitalization of $56,520.00, a P/E ratio of 205.91, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11.

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

Several institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. raised its stake in shares of Activision Blizzard by 0.4% during the 2nd quarter. Macquarie Group Ltd. now owns 12,345 shares of the company’s stock worth $711,000 after purchasing an additional 45 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Activision Blizzard by 13.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 6,437 shares of the company’s stock worth $408,000 after purchasing an additional 769 shares in the last quarter. CI Global Investments Inc. raised its stake in shares of Activision Blizzard by 1.1% during the 4th quarter. CI Global Investments Inc. now owns 69,123 shares of the company’s stock worth $4,377,000 after purchasing an additional 780 shares in the last quarter. Jackson Wealth Management LLC raised its stake in shares of Activision Blizzard by 6.6% during the 4th quarter. Jackson Wealth Management LLC now owns 12,744 shares of the company’s stock worth $844,000 after purchasing an additional 788 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Activision Blizzard by 20.8% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,640 shares of the company’s stock worth $299,000 after purchasing an additional 800 shares in the last quarter. Institutional investors own 86.06% of the company’s stock.

Several brokerages recently issued reports on ATVI. Vetr upgraded Activision Blizzard from a “buy” rating to a “strong-buy” rating and set a $80.56 price objective for the company in a research report on Thursday. Argus boosted their price objective on Activision Blizzard from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Zacks Investment Research lowered Activision Blizzard from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. TheStreet lowered Activision Blizzard from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Finally, Barclays set a $70.00 price objective on Activision Blizzard and gave the company a “hold” rating in a research report on Friday, February 9th. Six analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $73.25.

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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.

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

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