Activision Blizzard, Inc (ATVI) Given a $72.00 Price Target at SunTrust Banks, Inc.
Other equities research analysts have also issued research reports about the stock. Vetr lowered shares of Activision Blizzard from a hold rating to a sell rating and set a $59.97 target price for the company. in a research note on Monday. Piper Jaffray Companies reissued an overweight rating and set a $65.00 target price on shares of Activision Blizzard in a research note on Tuesday, July 18th. Argus reissued a buy rating and set a $70.00 target price (up previously from $65.00) on shares of Activision Blizzard in a research note on Wednesday, August 16th. BidaskClub lowered shares of Activision Blizzard from a buy rating to a hold rating in a research note on Tuesday, July 25th. Finally, Bank of America Corporation raised shares of Activision Blizzard from a neutral rating to a buy rating and lifted their target price for the company from $65.00 to $76.00 in a research note on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $67.91.
Activision Blizzard (NASDAQ:ATVI) traded up 1.81% during mid-day trading on Friday, hitting $65.30. The stock had a trading volume of 6,565,610 shares. The firm’s 50-day moving average is $63.16 and its 200 day moving average is $59.70. Activision Blizzard has a one year low of $35.12 and a one year high of $66.58. The stock has a market cap of $49.30 billion, a PE ratio of 44.09 and a beta of 1.10.
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In other news, Director Brian G. Kelly sold 111,239 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $62.44, for a total transaction of $6,945,763.16. Following the transaction, the director now owns 189,791 shares in the company, valued at approximately $11,850,550.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Dennis M. Durkin sold 160,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $60.68, for a total transaction of $9,708,800.00. Following the transaction, the insider now owns 337,534 shares in the company, valued at approximately $20,481,563.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,074,879 shares of company stock worth $252,196,001. Insiders own 2.12% of the company’s stock.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Activision Blizzard by 0.5% during the 2nd quarter. BlackRock Inc. now owns 49,147,427 shares of the company’s stock worth $2,829,418,000 after purchasing an additional 235,362 shares during the period. Vanguard Group Inc. increased its holdings in shares of Activision Blizzard by 4.8% during the 2nd quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock worth $2,786,211,000 after purchasing an additional 2,200,995 shares during the period. State Street Corp increased its holdings in shares of Activision Blizzard by 4.7% during the 2nd quarter. State Street Corp now owns 26,680,585 shares of the company’s stock worth $1,536,010,000 after purchasing an additional 1,197,980 shares during the period. Capital World Investors increased its holdings in shares of Activision Blizzard by 23.8% during the 2nd quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock worth $1,297,513,000 after purchasing an additional 4,327,000 shares during the period. Finally, Jennison Associates LLC increased its holdings in shares of Activision Blizzard by 82.6% during the 2nd quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock worth $1,283,097,000 after purchasing an additional 10,083,717 shares during the period. Institutional investors own 86.27% of the company’s stock.
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.
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