Activision Blizzard, Inc. (NASDAQ:ATVI) Director Brian G. Kelly sold 680,000 shares of Activision Blizzard stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $71.00, for a total value of $48,280,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Brian G. Kelly also recently made the following trade(s):
- On Friday, February 23rd, Brian G. Kelly sold 1,700,000 shares of Activision Blizzard stock. The stock was sold at an average price of $70.65, for a total value of $120,105,000.00.
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 stock 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. 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 (NASDAQ:ATVI) last announced its earnings results on Thursday, February 8th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.02. Activision Blizzard had a return on equity of 17.48% and a net margin of 3.89%. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the business earned $0.65 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. equities research analysts forecast that Activision Blizzard, Inc. will post 2.57 EPS for the current fiscal year.
Several research analysts recently commented on ATVI shares. Vetr upgraded Activision Blizzard from a “buy” rating to a “strong-buy” rating and set a $80.56 price target for the company in a research report on Thursday. Wedbush set a $81.00 price target on Activision Blizzard and gave the stock a “buy” rating in a research report on Friday, February 9th. Robert W. Baird lifted their price target on Activision Blizzard from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Zacks Investment Research lowered Activision Blizzard from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, TheStreet lowered Activision Blizzard from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Six analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $73.25.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cornerstone Advisors Inc. boosted its holdings in shares of Activision Blizzard by 321.5% in the third quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock valued at $100,000 after purchasing an additional 1,180 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in shares of Activision Blizzard in the fourth quarter valued at approximately $125,000. Goodman Financial Corp purchased a new stake in shares of Activision Blizzard in the fourth quarter valued at approximately $127,000. Grove Bank & Trust boosted its holdings in shares of Activision Blizzard by 261.7% in the third quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock valued at $140,000 after purchasing an additional 1,570 shares during the period. Finally, James Hambro & Partners purchased a new stake in shares of Activision Blizzard in the fourth quarter valued at approximately $184,000. Hedge funds and other institutional investors own 86.06% of the company’s stock.
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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.
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