Activision Blizzard, Inc. (NASDAQ:ATVI) Shares Sold by Matthew Goff Investment Advisor LLC

Matthew Goff Investment Advisor LLC lessened its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI – Get Rating) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,195 shares of the company’s stock after selling 188 shares during the quarter. Matthew Goff Investment Advisor LLC’s holdings in Activision Blizzard were worth $4,149,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC purchased a new position in Activision Blizzard during the third quarter valued at $33,000. Activest Wealth Management lifted its holdings in Activision Blizzard by 203.9% during the third quarter. Activest Wealth Management now owns 471 shares of the company’s stock valued at $35,000 after purchasing an additional 316 shares in the last quarter. Fairfield Bush & CO. purchased a new position in Activision Blizzard during the first quarter valued at $41,000. Evermay Wealth Management LLC lifted its holdings in Activision Blizzard by 33.3% during the third quarter. Evermay Wealth Management LLC now owns 684 shares of the company’s stock valued at $51,000 after purchasing an additional 171 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV purchased a new position in Activision Blizzard during the third quarter valued at $58,000. Institutional investors and hedge funds own 79.34% of the company’s stock.

Insider Buying and Selling at Activision Blizzard

In other Activision Blizzard news, COO Daniel Alegre sold 8,847 shares of Activision Blizzard stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $78.50, for a total transaction of $694,489.50. Following the completion of the sale, the chief operating officer now directly owns 156,170 shares in the company, valued at $12,259,345. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wells Fargo & Company raised shares of Activision Blizzard from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a report on Monday, November 28th. Wedbush reissued an “outperform” rating and issued a $95.00 price target on shares of Activision Blizzard in a research note on Friday, January 27th. Truist Financial raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and raised their price target for the stock from $79.00 to $81.00 in a research note on Monday, November 28th. Benchmark reissued a “buy” rating and issued a $90.00 price target on shares of Activision Blizzard in a research note on Friday, March 10th. Finally, Edward Jones raised shares of Activision Blizzard from a “hold” rating to a “buy” rating in a research note on Tuesday, December 6th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.36.

Activision Blizzard Trading Down 1.1 %

Activision Blizzard stock traded down $0.88 during midday trading on Friday, hitting $78.99. 9,409,231 shares of the stock were exchanged, compared to its average volume of 5,073,767. Activision Blizzard, Inc. has a fifty-two week low of $70.94 and a fifty-two week high of $81.50. The stock has a market capitalization of $61.95 billion, a price-to-earnings ratio of 41.14, a PEG ratio of 2.43 and a beta of 0.42. The stock’s 50-day simple moving average is $76.72 and its 200 day simple moving average is $75.60. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.19.

Activision Blizzard Company Profile

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Activision Blizzard, Inc engages in the development and publication of entertainment content and services. It operates through the following segments: Activision Publishing Inc, Blizzard Entertainment Inc, and King Digital Entertainment. The Activision Publishing Inc segment delivers content through both premium and free-to-play offerings, as well as by licensing software to third-party or related-party companies that distribute Activision products.