Vetr lowered shares of Activision Blizzard (NASDAQ:ATVI) from a buy rating to a hold rating in a research note released on Thursday, January 11th. They currently have $69.64 price objective on the stock.
Several other equities analysts have also recently weighed in on ATVI. Wedbush set a $75.00 price objective on Activision Blizzard and gave the stock a buy rating in a research report on Thursday, January 11th. BTIG Research assumed coverage on Activision Blizzard in a research report on Monday, December 18th. They set a buy rating and a $80.00 price objective for the company. Zacks Investment Research cut Activision Blizzard from a buy rating to a hold rating in a report on Monday, January 8th. KeyCorp set a $80.00 price target on Activision Blizzard and gave the company a buy rating in a report on Monday, January 8th. Finally, Macquarie upped their price target on Activision Blizzard from $64.00 to $68.00 and gave the company an outperform rating in a report on Wednesday, January 10th. Seven equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Activision Blizzard has a consensus rating of Buy and a consensus target price of $70.97.
Shares of Activision Blizzard (NASDAQ ATVI) traded down $1.93 during mid-day trading on Thursday, hitting $71.42. The stock had a trading volume of 5,684,883 shares, compared to its average volume of 5,300,000. The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44. Activision Blizzard has a twelve month low of $38.93 and a twelve month high of $74.94. The stock has a market capitalization of $52,580.00, a P/E ratio of 48.92, a price-to-earnings-growth ratio of 2.15 and a beta of 1.11.
Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.11. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.74 billion. Activision Blizzard had a return on equity of 17.56% and a net margin of 15.90%. analysts anticipate that Activision Blizzard will post 2.13 EPS for the current fiscal year.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $63.64, for a total transaction of $1,257,590.04. Following the completion of the sale, the chief executive officer now directly owns 41,435 shares in the company, valued at $2,636,923.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.12% of the company’s stock.
A number of hedge funds have recently modified their holdings of ATVI. Cornerstone Advisors Inc. raised its position in shares of Activision Blizzard by 321.5% in the third quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock valued at $100,000 after buying an additional 1,180 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of Activision Blizzard in the fourth quarter valued at approximately $125,000. Goodman Financial Corp acquired a new stake in shares of Activision Blizzard in the fourth quarter valued at approximately $127,000. Grove Bank & Trust raised its position in shares of Activision Blizzard by 261.7% in the third quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock valued at $140,000 after buying an additional 1,570 shares in the last quarter. Finally, Phocas Financial Corp. acquired a new stake in shares of Activision Blizzard in the second quarter valued at approximately $173,000. Hedge funds and other institutional investors own 86.92% of the company’s stock.
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About Activision Blizzard
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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