Activision Blizzard, Inc. (NASDAQ:ATVI) has earned an average recommendation of “Buy” from the thirty-two ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $60.96.
Several research analysts recently commented on ATVI shares. Stifel Nicolaus reiterated a “buy” rating and issued a $70.00 target price (up previously from $65.00) on shares of Activision Blizzard in a report on Friday, January 10th. UBS Group restated a “buy” rating and set a $66.00 price objective (up previously from $56.00) on shares of Activision Blizzard in a report on Wednesday, November 13th. BidaskClub downgraded shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating in a report on Friday. Zacks Investment Research downgraded shares of Activision Blizzard from a “buy” rating to a “hold” rating and set a $60.00 price objective on the stock. in a report on Tuesday, November 12th. Finally, Credit Suisse Group boosted their price objective on shares of Activision Blizzard from $67.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, December 31st.
Shares of Activision Blizzard stock traded up $0.81 during midday trading on Tuesday, reaching $61.24. 8,563,015 shares of the company’s stock traded hands, compared to its average volume of 4,427,352. The company has a market cap of $46.43 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 1.99 and a beta of 0.83. The company’s 50 day simple moving average is $58.09 and its 200 day simple moving average is $53.17. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.38 and a current ratio of 3.43. Activision Blizzard has a 52 week low of $39.85 and a 52 week high of $61.28.
Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Thursday, November 7th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.23 by $0.09. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.15 billion. Activision Blizzard had a net margin of 23.66% and a return on equity of 13.91%. The business’s quarterly revenue was down 27.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. As a group, equities research analysts predict that Activision Blizzard will post 2.02 earnings per share for the current year.
In other Activision Blizzard news, COO Collister Johnson sold 3,800 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $52.43, for a total value of $199,234.00. Following the completion of the transaction, the chief operating officer now directly owns 280,983 shares of the company’s stock, valued at $14,731,938.69. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.29% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Ascent Wealth Partners LLC raised its stake in shares of Activision Blizzard by 1.5% during the third quarter. Ascent Wealth Partners LLC now owns 13,030 shares of the company’s stock worth $690,000 after buying an additional 189 shares during the last quarter. Truvestments Capital LLC raised its stake in shares of Activision Blizzard by 4.6% during the third quarter. Truvestments Capital LLC now owns 4,428 shares of the company’s stock worth $234,000 after buying an additional 194 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Activision Blizzard by 34.3% during the third quarter. Parkside Financial Bank & Trust now owns 1,015 shares of the company’s stock worth $54,000 after buying an additional 259 shares during the last quarter. NBW Capital LLC raised its stake in shares of Activision Blizzard by 0.5% during the third quarter. NBW Capital LLC now owns 55,247 shares of the company’s stock worth $2,924,000 after buying an additional 266 shares during the last quarter. Finally, Burns J W & Co. Inc. NY raised its stake in shares of Activision Blizzard by 3.8% during the third quarter. Burns J W & Co. Inc. NY now owns 7,880 shares of the company’s stock worth $417,000 after buying an additional 290 shares during the last quarter. 88.55% of the stock is owned by institutional investors.
Activision Blizzard Company Profile
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. It 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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