Activision Blizzard, Inc (NASDAQ:ATVI) had its price target raised by UBS AG from $72.00 to $75.00 in a report issued on Friday, www.benzinga.com reports. The firm currently has a buy rating on the stock.

Several other brokerages also recently weighed in on ATVI. Goldman Sachs Group, Inc. (The) assumed coverage on Activision Blizzard in a report on Friday, September 8th. They set a neutral rating and a $65.00 price target on the stock. KeyCorp restated a buy rating and set a $74.00 price target on shares of Activision Blizzard in a report on Friday, September 8th. Vetr downgraded Activision Blizzard from a hold rating to a sell rating and set a $61.90 price target on the stock. in a report on Thursday, August 31st. BMO Capital Markets reiterated a hold rating and issued a $62.00 price objective on shares of Activision Blizzard in a report on Thursday. Finally, Robert W. Baird reiterated an outperform rating and issued a $68.00 price objective on shares of Activision Blizzard in a report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Activision Blizzard presently has a consensus rating of Buy and an average price target of $68.71.

Shares of Activision Blizzard (NASDAQ ATVI) traded down $1.69 during midday trading on Friday, reaching $61.51. The company’s stock had a trading volume of 6,547,966 shares, compared to its average volume of 5,980,000. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44. Activision Blizzard has a 12 month low of $35.12 and a 12 month high of $67.03. The stock has a market cap of $46,510.00, a P/E ratio of 28.73, a price-to-earnings-growth ratio of 2.33 and a beta of 1.06.

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In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $61.32, for a total transaction of $1,211,744.52. Following the completion of the transaction, the chief executive officer now owns 48,472 shares of the company’s stock, valued at $2,972,303.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian G. Kelly sold 98,879 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $61.87, for a total value of $6,117,643.73. Following the transaction, the director now directly owns 189,791 shares of the company’s stock, valued at approximately $11,742,369.17. The disclosure for this sale can be found here. Insiders have sold 3,963,640 shares of company stock valued at $245,250,238 in the last three months. 2.12% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Harwood Advisory Group LLC boosted its holdings in shares of Activision Blizzard by 0.7% during the second quarter. Harwood Advisory Group LLC now owns 5,288 shares of the company’s stock worth $304,000 after purchasing an additional 36 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Activision Blizzard by 0.4% during the second quarter. Macquarie Group Ltd. now owns 12,345 shares of the company’s stock worth $711,000 after purchasing an additional 45 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Activision Blizzard by 0.7% during the second quarter. D.A. Davidson & CO. now owns 8,926 shares of the company’s stock worth $513,000 after purchasing an additional 58 shares during the last quarter. Accuvest Global Advisors boosted its holdings in shares of Activision Blizzard by 2.0% during the second quarter. Accuvest Global Advisors now owns 9,758 shares of the company’s stock worth $562,000 after purchasing an additional 194 shares during the last quarter. Finally, Commerce Bank boosted its holdings in shares of Activision Blizzard by 1.7% during the second quarter. Commerce Bank now owns 11,883 shares of the company’s stock worth $684,000 after purchasing an additional 199 shares during the last quarter. Institutional investors and hedge funds own 86.32% of the company’s stock.

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.

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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