Activision Blizzard (NASDAQ:ATVI) insider Dennis M. Durkin sold 21,488 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $77.18, for a total transaction of $1,658,443.84. Following the completion of the transaction, the insider now owns 151,314 shares of the company’s stock, valued at approximately $11,678,414.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of ATVI stock traded down $1.97 on Friday, reaching $64.56. The stock had a trading volume of 4,599,116 shares, compared to its average volume of 7,129,307. The stock has a market cap of $50,471.76, a price-to-earnings ratio of 31.49, a PEG ratio of 1.81 and a beta of 1.16. 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 has a 12 month low of $48.41 and a 12 month high of $79.63.
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, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.02. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Activision Blizzard had a net margin of 3.89% and a return on equity of 17.48%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. sell-side analysts predict that Activision Blizzard will post 2.52 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in ATVI. SeaCrest Wealth Management LLC bought a new position in Activision Blizzard in the 4th quarter valued at about $125,000. Goodman Financial Corp acquired a new position in shares of Activision Blizzard during the 4th quarter worth approximately $127,000. Grove Bank & Trust grew its position in shares of Activision Blizzard by 261.7% during the 3rd quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock worth $140,000 after purchasing an additional 1,570 shares in the last quarter. James Hambro & Partners acquired a new position in shares of Activision Blizzard during the 4th quarter worth approximately $184,000. Finally, Exane Derivatives grew its position in shares of Activision Blizzard by 15,900.0% during the 4th quarter. Exane Derivatives now owns 3,040 shares of the company’s stock worth $192,000 after purchasing an additional 3,021 shares in the last quarter. 85.57% of the stock is currently owned by hedge funds and other institutional investors.
ATVI has been the subject of several research analyst reports. Vetr lowered shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $62.29 price target for the company. in a report on Tuesday, December 12th. SunTrust Banks set a $77.00 price target on shares of Activision Blizzard and gave the company a “buy” rating in a report on Wednesday, January 24th. Goldman Sachs raised shares of Activision Blizzard from a “neutral” rating to a “buy” rating in a report on Tuesday, December 12th. Zacks Investment Research raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Tuesday, January 2nd. Finally, Argus boosted their price target on shares of Activision Blizzard from $70.00 to $81.00 and gave the company a “buy” rating in a report on Friday, February 16th. Six analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $75.03.
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Activision Blizzard Company Profile
Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.
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