Buckingham Research initiated coverage on shares of Activision Blizzard, Inc (NASDAQ:ATVI) in a report published on Wednesday. The brokerage issued a buy rating and a $79.00 price target on the stock.

Several other research analysts have also commented on ATVI. Cowen and Company reiterated an outperform rating and set a $66.00 price target (up previously from $59.00) on shares of Activision Blizzard in a report on Wednesday, August 9th. Robert W. Baird reiterated an outperform rating and set a $68.00 price target (up previously from $60.00) on shares of Activision Blizzard in a report on Thursday, August 10th. 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 report on Wednesday, August 9th. Jefferies Group LLC reiterated a buy rating and set a $78.00 price target (up previously from $68.00) on shares of Activision Blizzard in a report on Wednesday, August 9th. Finally, UBS AG lifted their price target on Activision Blizzard from $67.00 to $72.00 and gave the stock a buy rating in a report on Sunday, August 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $64.23.

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In other news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction dated 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 directly owns 48,472 shares of the company’s stock, valued at $2,972,303.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Dennis M. Durkin sold 160,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 337,534 shares of the company’s stock, valued at $20,481,563.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,074,879 shares of company stock valued at $252,196,001. Corporate insiders own 2.12% of the company’s stock.

Several institutional investors have recently made changes to their positions in ATVI. Guardian Life Insurance Co. of America grew its position in shares of Activision Blizzard by 1.9% during the first quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock worth $133,000 after buying an additional 51 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new position in shares of Activision Blizzard during the second quarter worth about $142,000. Huntington National Bank grew its position in shares of Activision Blizzard by 122.6% during the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after buying an additional 1,366 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its position in shares of Activision Blizzard by 16.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock worth $150,000 after buying an additional 363 shares in the last quarter. Finally, Phocas Financial Corp. acquired a new position in shares of Activision Blizzard during the second quarter worth about $173,000. 86.27% of the stock is owned by institutional investors and hedge funds.

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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