Activision Blizzard, Inc. (NASDAQ:ATVI) COO Sells $694,489.50 in Stock

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Activision Blizzard during the third quarter valued at approximately $33,000. Activest Wealth Management grew its stake in Activision Blizzard by 203.9% in the 3rd quarter. Activest Wealth Management now owns 471 shares of the company’s stock valued at $35,000 after purchasing an additional 316 shares during the period. ICA Group Wealth Management LLC purchased a new stake in shares of Activision Blizzard during the 4th quarter valued at $40,000. Fairfield Bush & CO. bought a new stake in shares of Activision Blizzard during the 1st quarter worth $41,000. Finally, Evermay Wealth Management LLC boosted its holdings in shares of Activision Blizzard by 33.3% in the 3rd quarter. Evermay Wealth Management LLC now owns 684 shares of the company’s stock worth $51,000 after buying an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 79.34% of the company’s stock.

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.