Activision Blizzard, Inc. (NASDAQ:ATVI) Director Peter J. Nolan Purchases 2,000 Shares

Activision Blizzard, Inc. (NASDAQ:ATVI) Director Peter J. Nolan purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 12th. The shares were purchased at an average cost of $93.86 per share, with a total value of $187,720.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Peter J. Nolan also recently made the following trade(s):

  • On Monday, May 10th, Peter J. Nolan purchased 15,000 shares of Activision Blizzard stock. The shares were purchased at an average cost of $95.62 per share, with a total value of $1,434,300.00.
  • On Thursday, May 6th, Peter J. Nolan purchased 5,000 shares of Activision Blizzard stock. The shares were purchased at an average cost of $93.42 per share, with a total value of $467,100.00.

ATVI traded down $0.07 during trading on Friday, reaching $93.35. The company had a trading volume of 3,631,140 shares, compared to its average volume of 6,061,271. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.12 and a quick ratio of 4.12. Activision Blizzard, Inc. has a 12 month low of $66.59 and a 12 month high of $104.53. The business’s fifty day moving average price is $94.09 and its 200 day moving average price is $90.09. The company has a market cap of $72.53 billion, a P/E ratio of 32.64, a PEG ratio of 1.72 and a beta of 0.71.

Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings results on Monday, May 3rd. The company reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.19. Activision Blizzard had a net margin of 28.90% and a return on equity of 19.07%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The business’s revenue was up 36.0% on a year-over-year basis. As a group, sell-side analysts predict that Activision Blizzard, Inc. will post 3.22 EPS for the current fiscal year.

Several equities analysts recently issued reports on ATVI shares. Oppenheimer reissued a “buy” rating and set a $110.00 price target on shares of Activision Blizzard in a report on Friday, February 5th. Morgan Stanley raised their price objective on shares of Activision Blizzard from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday. BMO Capital Markets upgraded shares of Activision Blizzard from a “market perform” rating to an “outperform” rating and set a $116.00 price objective for the company in a research report on Tuesday. Argus raised their price objective on shares of Activision Blizzard from $102.00 to $122.00 and gave the company a “buy” rating in a research report on Thursday, February 25th. Finally, Raymond James restated a “buy” rating on shares of Activision Blizzard in a research report on Monday, February 22nd. Two equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Activision Blizzard currently has a consensus rating of “Buy” and an average price target of $109.64.

A number of institutional investors and hedge funds have recently made changes to their positions in ATVI. CX Institutional lifted its stake in Activision Blizzard by 60.2% in the fourth quarter. CX Institutional now owns 1,011 shares of the company’s stock valued at $94,000 after buying an additional 380 shares in the last quarter. Symphony Financial Ltd. Co. lifted its position in shares of Activision Blizzard by 32.5% in the fourth quarter. Symphony Financial Ltd. Co. now owns 3,474 shares of the company’s stock worth $312,000 after purchasing an additional 853 shares in the last quarter. Sowell Financial Services LLC lifted its position in shares of Activision Blizzard by 60.2% in the fourth quarter. Sowell Financial Services LLC now owns 6,861 shares of the company’s stock worth $637,000 after purchasing an additional 2,578 shares in the last quarter. Contravisory Investment Management Inc. lifted its position in shares of Activision Blizzard by 4.1% in the fourth quarter. Contravisory Investment Management Inc. now owns 3,067 shares of the company’s stock worth $285,000 after purchasing an additional 122 shares in the last quarter. Finally, Strategic Investment Advisors MI lifted its position in shares of Activision Blizzard by 11.0% in the fourth quarter. Strategic Investment Advisors MI now owns 3,297 shares of the company’s stock worth $306,000 after purchasing an additional 326 shares in the last quarter. 85.77% of the stock is currently owned by hedge funds and other institutional investors.

About Activision Blizzard

Activision Blizzard, Inc, together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment.

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