Activision Blizzard, Inc. (NASDAQ:ATVI – Get Rating) COO Daniel Alegre sold 8,847 shares of Activision Blizzard stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $78.50, for a total value of $694,489.50. Following the completion of the sale, the chief operating officer now owns 156,170 shares of the company’s stock, valued at $12,259,345. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Activision Blizzard Stock Performance
Shares of ATVI stock opened at $79.09 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.07 and a quick ratio of 4.07. The firm has a 50-day moving average of $76.58 and a 200-day moving average of $75.56. Activision Blizzard, Inc. has a one year low of $70.94 and a one year high of $81.50. The company has a market cap of $62.03 billion, a P/E ratio of 41.19, a P/E/G ratio of 2.37 and a beta of 0.42.
Wall Street Analyst Weigh In
ATVI has been the subject of several research analyst reports. Wells Fargo & Company upgraded shares of Activision Blizzard from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research note on Monday, November 28th. StockNews.com cut shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research report on Thursday, January 26th. Deutsche Bank Aktiengesellschaft raised Activision Blizzard from a “hold” rating to a “buy” rating and upped their price target for the stock from $83.00 to $90.00 in a research note on Thursday, February 16th. Citigroup reduced their price objective on Activision Blizzard from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Friday, February 10th. Finally, MKM Partners raised Activision Blizzard from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Tuesday, November 15th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.36.
Institutional Investors Weigh In On Activision Blizzard
Activision Blizzard Company Profile
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.
- Get a free copy of the StockNews.com research report on Activision Blizzard (ATVI)
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