Traders sold shares of Activision Blizzard, Inc. (NASDAQ:ATVI) on strength during trading on Thursday. $122.24 million flowed into the stock on the tick-up and $154.04 million flowed out of the stock on the tick-down, for a money net flow of $31.80 million out of the stock. Of all equities tracked, Activision Blizzard had the 0th highest net out-flow for the day. Activision Blizzard traded up $0.27 for the day and closed at $73.85

ATVI has been the subject of a number of research reports. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Wednesday, July 4th. BidaskClub cut Activision Blizzard from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th. Needham & Company LLC upped their price objective on Activision Blizzard from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Wedbush set a $81.00 price objective on Activision Blizzard and gave the company a “buy” rating in a research report on Thursday, July 26th. Finally, Argus restated a “buy” rating and issued a $90.00 price target (up previously from $81.00) on shares of Activision Blizzard in a research report on Friday, September 21st. Nine research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Activision Blizzard presently has a consensus rating of “Buy” and a consensus target price of $81.16.

The company has a debt-to-equity ratio of 0.42, a current ratio of 2.98 and a quick ratio of 2.96. The stock has a market capitalization of $63.42 billion, a P/E ratio of 36.02, a PEG ratio of 2.22 and a beta of 0.86.

Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.11. Activision Blizzard had a return on equity of 18.00% and a net margin of 6.96%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the business posted $0.32 earnings per share. The business’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts forecast that Activision Blizzard, Inc. will post 2.49 earnings per share for the current fiscal year.

In related news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $68.70, for a total transaction of $1,357,580.70. Following the completion of the sale, the chief executive officer now owns 20,324 shares in the company, valued at $1,396,258.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.29% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Standard Life Aberdeen plc grew its position in shares of Activision Blizzard by 2.7% during the second quarter. Standard Life Aberdeen plc now owns 1,666,892 shares of the company’s stock worth $127,226,000 after purchasing an additional 44,538 shares in the last quarter. Gladstone Capital Management LLP grew its position in shares of Activision Blizzard by 13.0% during the second quarter. Gladstone Capital Management LLP now owns 304,889 shares of the company’s stock worth $23,175,000 after purchasing an additional 35,000 shares in the last quarter. Gabelli Funds LLC grew its position in shares of Activision Blizzard by 62.4% during the second quarter. Gabelli Funds LLC now owns 284,200 shares of the company’s stock worth $21,690,000 after purchasing an additional 109,200 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of Activision Blizzard during the second quarter worth about $1,196,000. Finally, Truepoint Inc. grew its position in shares of Activision Blizzard by 1,382.6% during the second quarter. Truepoint Inc. now owns 4,181 shares of the company’s stock worth $319,000 after purchasing an additional 3,899 shares in the last quarter. Hedge funds and other institutional investors own 87.05% of the company’s stock.

About Activision Blizzard (NASDAQ:ATVI)

Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.

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