Activision Blizzard, Inc. (NASDAQ:ATVI) marched up 18.8% compared to a 52-week low price of $39.85. The shares were last seen trading 1.07% higher, taking the closing price at $47.34 on 7/11/2019. At a recent session, the prices were hovering between $46.43 and $47.58. This company shares are 11.51% off its target price of $52.79 and the current market capitalization stands at $36.32B. The recent change has given its price a 3.43% lead over SMA 50 and -44.1% deficit over its 52-week high. The stock witnessed 1.37% gains, -1.09% declines and -6.87% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ATVI’s volatility during a week at 2.73% and during a month it has been found around 2.59%.
What Does Activision Blizzard, Inc. (ATVI) Do?
The company describes itself in regulatory filings as, “Activision Blizzard, Inc. engages in the development and publication of interactive entertainment. It operates through the following segments: Activision, Blizzard, and King. The Activision segment develops and publishes interactive software products and entertainment content, particularly for the console platform. The Blizzard segment develops and publishes interactive software products and entertainment content, particularly for the PC platform. The King segment develops and publishes interactive entertainment content and services, particularly on mobile platforms, such as Google’s Android and Apple’s iOS. The company was founded in 1979 and is headquartered in Santa Monica, CA.” [Text can be found here: https://www.marketwatch.com/investing/stock/ATVI/profile under company description.]Activision Blizzard, Inc. (ATVI) Top Holders
Institutional investors currently hold around $31.51 billion or 90.6% in ATVI stock. Look at its top three institutional owners: Fmr Llc owns $2.69 billion in Activision Blizzard, Inc., which represents roughly 7.39% of the company’s market cap and approximately 8.52% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 56,497,450 shares of the stock are valued at $2.65 billion. The third largest holder is Capital World Investors, which currently holds $2.32 billion worth of this stock and that ownership represents nearly 6.4% of its market capitalization.
At the end of March reporting period, 445 institutional holders increased their position in Activision Blizzard, Inc. (NASDAQ:ATVI) by some 121,904,856 shares, 425 decreased positions by 132,644,334 and 89 held positions by 418,177,381. That puts total institutional holdings at 672,726,571 shares, according to SEC filings. The stock grabbed 118 new institutional investments totaling 21,439,855 shares while 132 institutional investors sold out their entire positions totaling 27,527,642 shares.Activision Blizzard, Inc. (NASDAQ:ATVI) Insider Trades
Multiple company employees have indulged in significant insider trading. Activision Blizzard, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chief Legal Officer Walther Christopher B has sold 11,333 shares of Activision Blizzard, Inc. (ATVI) in the trading session dated Jul. 01, 2019. These shares are worth $542,964 and were traded at $47.91 each. The SEC filing shows that Walther Christopher B performed a sale of 2,333 shares. The Chief Legal Officer disposed these shares by way of transaction on Jun. 05, 2019. The company’s shares were given away at $44 per share worth to an income of some $102,652 to the account of Walther Christopher B.
Chief Legal Officer, Walther Christopher B, sold 2,333 common shares of Activision Blizzard, Inc. (ATVI) in the open market. In a transaction dated May. 15, 2019, the shares were put up for sale at an average price of $45.91, raking in a sum of $107,108. After this sale, 207,155 common shares of ATVI are directly owned by the insider, with total stake valued at $9,806,718.
In the transaction dated Mar. 12, 2019, a great number of shares sold came courtesy the Director; MORGADO ROBERT J disposed a total of 15,000 shares at an average price of $42.91, amounting to approximately $643,650. The insider now directly owns 57,750 shares worth $2,733,900.Activision Blizzard, Inc. (ATVI) Analyst Guide
Several analysts have released their opinion on Activision Blizzard, Inc. (NASDAQ:ATVI), with 10 analysts believing it is a strong buy. Whereas 13 of them predict the stock is a hold. Also, there are 12 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.09 average brokerage recommendation [T1].