Activision Blizzard (NASDAQ:ATVI) was upgraded by stock analysts at Vetr from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday, December 26th. The firm currently has a $71.71 price objective on the stock. Vetr‘s price objective indicates a potential upside of 1.92% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. Needham & Company LLC reissued a “buy” rating and issued a $75.00 target price on shares of Activision Blizzard in a research note on Thursday, October 12th. Stifel Nicolaus reissued a “buy” rating and issued a $71.00 target price on shares of Activision Blizzard in a research note on Monday, October 9th. Buckingham Research assumed coverage on Activision Blizzard in a research note on Wednesday, September 20th. They issued a “buy” rating and a $79.00 target price on the stock. KeyCorp reissued a “buy” rating and issued a $74.00 target price on shares of Activision Blizzard in a research note on Friday, September 8th. Finally, Jefferies Group reissued a “buy” rating and issued a $78.00 target price on shares of Activision Blizzard in a research note on Sunday, October 8th. Seven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $69.91.
Shares of Activision Blizzard (NASDAQ ATVI) opened at $70.36 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.25 and a quick ratio of 2.22. Activision Blizzard has a 12-month low of $38.38 and a 12-month high of $70.71. The stock has a market capitalization of $53,200.00, a price-to-earnings ratio of 48.19, a P/E/G ratio of 2.03 and a beta of 1.02.
In related news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $63.64, for a total value of $1,257,590.04. Following the sale, the chief executive officer now directly owns 41,435 shares of the company’s stock, valued at $2,636,923.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.12% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of ATVI. Janus Henderson Group PLC grew its stake in shares of Activision Blizzard by 820.8% in the second quarter. Janus Henderson Group PLC now owns 20,298,735 shares of the company’s stock worth $1,168,587,000 after purchasing an additional 18,094,334 shares during the last quarter. Capital World Investors grew its stake in shares of Activision Blizzard by 23.8% in the second quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock worth $1,297,513,000 after purchasing an additional 4,327,000 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Activision Blizzard by 4.8% in the second quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock worth $2,786,211,000 after purchasing an additional 2,200,995 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Activision Blizzard by 108.6% in the third quarter. Prudential Financial Inc. now owns 3,184,687 shares of the company’s stock worth $205,444,000 after purchasing an additional 1,657,730 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Activision Blizzard by 149.8% in the second quarter. Alliancebernstein L.P. now owns 2,678,328 shares of the company’s stock worth $154,191,000 after purchasing an additional 1,606,036 shares during the last quarter. 86.48% of the stock is currently owned by institutional investors.
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Activision Blizzard Company Profile
Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.
To view Vetr’s full report, visit Vetr’s official website.
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