Activision Blizzard, Inc. (ATVI)’s Trend Up, Especially After Today’s 52-Week High Milestone

June 20, 2017 - By Maria Brooks

Investors sentiment decreased to 1.08 in 2016 Q4. Its down 0.31, from 1.39 in 2016Q3. It fall, as 73 investors sold Activision Blizzard, Inc. shares while 204 reduced holdings. 106 funds opened positions while 193 raised stakes. 631.68 million shares or 1.57% more from 621.89 million shares in 2016Q3 were reported.
Park Circle accumulated 0.07% or 3,000 shares. Sumitomo Mitsui Asset reported 0.03% in Activision Blizzard, Inc. (NASDAQ:ATVI). Criterion Capital Mngmt Limited Liability holds 3.15% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI) for 2.14 million shares. Johnson Financial Grp Incorporated invested 0% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). Sage Grp Inc Inc owns 50 shares or 0% of their US portfolio. Massachusetts Financial Serv Ma has 5.33M shares. Ww Asset Management Inc owns 64,272 shares. Nbt Bancshares N A Ny accumulated 19,866 shares or 0.12% of the stock. 455,236 were accumulated by Clarivest Asset Limited Co. Moreover, Great West Life Assurance Can has 0.05% invested in Activision Blizzard, Inc. (NASDAQ:ATVI). New Century Incorporated has 2.24% invested in Activision Blizzard, Inc. (NASDAQ:ATVI) for 43,770 shares. Lba Wealth Limited Liability Company holds 0.02% or 825 shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt holds 53,207 shares or 0.1% of its portfolio. Pub Employees Retirement Association Of Colorado holds 0.03% in Activision Blizzard, Inc. (NASDAQ:ATVI) or 116,625 shares. Kingfisher Limited Com reported 36,314 shares.

Since February 10, 2017, it had 0 buys, and 11 sales for $465.07 million activity. Morhaime Michael sold $1.46M worth of Activision Blizzard, Inc. (NASDAQ:ATVI) on Wednesday, March 15. KELLY BRIAN G sold $230.08M worth of Activision Blizzard, Inc. (NASDAQ:ATVI) on Friday, February 10. CORTI ROBERT J sold 44,147 shares worth $2.00 million. Another trade for 9,474 shares valued at $444,332 was sold by Wereb Stephen G. 3.96 million shares were sold by KOTICK ROBERT A, worth $180.82 million on Friday, February 10. 100,000 shares were sold by Durkin Dennis M, worth $4.90M on Tuesday, March 14. ZACCONI RICCARDO sold $897,347 worth of Activision Blizzard, Inc. (NASDAQ:ATVI) on Thursday, February 16.

The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) hit a new 52-week high and has $63.59 target or 5.00 % above today’s $60.56 share price. The 8 months bullish chart indicates low risk for the $46.83 billion company. The 1-year high was reported on Jun, 20 by Barchart.com. If the $63.59 price target is reached, the company will be worth $2.34 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 1.96M shares traded. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 47.83% since June 20, 2016 and is uptrending. It has outperformed by 31.13% the S&P500.

Activision Blizzard, Inc. (NASDAQ:ATVI) Ratings Coverage

Among 22 analysts covering Activision Blizzard (NASDAQ:ATVI), 19 have Buy rating, 0 Sell and 3 Hold. Therefore 86% are positive. Activision Blizzard has $56 highest and $29.51 lowest target. $42.16’s average target is -30.38% below currents $60.56 stock price. Activision Blizzard had 67 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Benchmark on Friday, August 7 with “Buy”. On Thursday, July 28 the stock rating was downgraded by M Partners to “Neutral”. Pacific Crest maintained Activision Blizzard, Inc. (NASDAQ:ATVI) on Friday, August 7 with “Overweight” rating. The firm has “Overweight” rating given on Friday, February 12 by Barclays Capital. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) has “Outperform” rating given on Friday, February 12 by Macquarie Research. The firm has “Buy” rating by M Partners given on Monday, July 27. On Thursday, August 6 the stock rating was downgraded by Hilliard Lyons to “Neutral”. UBS maintained the stock with “Buy” rating in Friday, May 6 report. The stock has “Overweight” rating by Morgan Stanley on Friday, September 23. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) earned “Buy” rating by Stifel Nicolaus on Friday, October 2.

More notable recent Activision Blizzard, Inc. (NASDAQ:ATVI) news were published by: Seekingalpha.com which released: “Videogame sales fall amid soft release schedule” on June 19, 2017, also Fool.com with their article: “Activision Blizzard’s “Overwatch” Continues to Kill It” published on May 26, 2017, Benzinga.com published: “Vetr Downgrades Activision Blizzard Following Announcement of ‘Destiny 2′” on June 14, 2017. More interesting news about Activision Blizzard, Inc. (NASDAQ:ATVI) were released by: Zacks.com and their article: “Options Traders Expect Huge Moves in Activision Blizzard, Inc. (ATVI) Stock” published on May 25, 2017 as well as Fool.com‘s news article titled: “Why Activision Blizzard, Inc. Won’t Launch “Call of Duty: WW2″ for Nintendo Switch” with publication date: May 23, 2017.

Activision Blizzard, Inc. is a developer and publisher of interactive entertainment content and services. The company has market cap of $46.83 billion. The Firm develops and distributes content and services across various gaming platforms, including video game consoles, personal computers and mobile devices. It has a 44.77 P/E ratio. The Company’s divisions include Activision Publishing, Inc. (Activision), Blizzard Entertainment, Inc. (Blizzard), King Digital Entertainment (King) and Other.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.