Activision Blizzard, Inc (ATVI) Insider Sells $9,708,800.00 in Stock

Activision Blizzard, Inc (NASDAQ:ATVI) insider Dennis M. Durkin sold 160,000 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $60.68, for a total value of $9,708,800.00. Following the completion of the transaction, the insider now directly owns 337,534 shares of the company’s stock, valued at $20,481,563.12. The sale was disclosed in a filing with the SEC, which is available at this link.

Activision Blizzard, Inc (ATVI) opened at 61.37 on Friday. The company has a market capitalization of $46.33 billion, a price-to-earnings ratio of 41.44 and a beta of 1.07. Activision Blizzard, Inc has a 52-week low of $35.12 and a 52-week high of $64.06. The stock has a 50 day moving average price of $60.59 and a 200 day moving average price of $53.67.

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Several hedge funds have recently modified their holdings of ATVI. BlackRock Inc. boosted its stake in shares of Activision Blizzard by 3,032.9% in the first quarter. BlackRock Inc. now owns 48,912,065 shares of the company’s stock valued at $2,438,753,000 after buying an additional 47,350,818 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Activision Blizzard by 820.8% in the second quarter. Janus Henderson Group PLC now owns 20,298,735 shares of the company’s stock valued at $1,168,587,000 after buying an additional 18,094,334 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Activision Blizzard by 110,271.4% in the first quarter. Jennison Associates LLC now owns 12,179,488 shares of the company’s stock valued at $607,269,000 after buying an additional 12,168,453 shares in the last quarter. Egerton Capital UK LLP boosted its stake in shares of Activision Blizzard by 225.7% in the first quarter. Egerton Capital UK LLP now owns 12,219,008 shares of the company’s stock valued at $609,240,000 after buying an additional 8,467,902 shares in the last quarter. Finally, Capital World Investors boosted its stake in shares of Activision Blizzard by 23.8% in the second quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock valued at $1,297,513,000 after buying an additional 4,327,000 shares in the last quarter. 87.39% of the stock is currently owned by institutional investors.

A number of equities research analysts recently commented on the company. Wedbush set a $63.00 price target on Activision Blizzard and gave the stock a “buy” rating in a research report on Saturday, May 6th. UBS AG restated a “buy” rating and set a $60.00 price target (up from $57.00) on shares of Activision Blizzard in a research report on Friday, May 5th. Cowen and Company restated an “outperform” rating and set a $66.00 price target (up from $59.00) on shares of Activision Blizzard in a research report on Wednesday, August 9th. Robert W. Baird restated an “outperform” rating and set a $68.00 price target (up from $60.00) on shares of Activision Blizzard in a research report on Thursday, August 10th. Finally, Zacks Investment Research upgraded 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 Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Activision Blizzard presently has an average rating of “Buy” and an average price target of $62.56.

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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