Activision Blizzard (NASDAQ:ATVI) had its target price upped by Credit Suisse Group from $81.00 to $83.00 in a research note issued to investors on Friday morning. Credit Suisse Group currently has an outperform rating on the stock.
Several other equities analysts also recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Activision Blizzard from $75.00 to $80.00 and gave the stock an outperform rating in a research note on Friday. Wedbush set a $81.00 target price on shares of Activision Blizzard and gave the stock a buy rating in a research note on Friday. Jefferies Group reiterated a buy rating on shares of Activision Blizzard in a research note on Friday. KeyCorp set a $83.00 target price on shares of Activision Blizzard and gave the stock a buy rating in a research note on Friday. Finally, Bank of America lifted their target price on shares of Activision Blizzard from $76.00 to $77.00 and gave the stock a buy rating in a research note on Tuesday, February 6th. Six equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $71.75.
Activision Blizzard (NASDAQ:ATVI) opened at $68.32 on Friday. The firm has a market cap of $51,660.00, a PE ratio of 195.20, a PEG ratio of 1.85 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.77. Activision Blizzard has a 12 month low of $44.47 and a 12 month high of $74.94.
Activision Blizzard (NASDAQ:ATVI) last posted its earnings results on Thursday, February 8th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.02. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.55 billion. Activision Blizzard had a net margin of 3.89% and a return on equity of 17.48%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. equities research analysts expect that Activision Blizzard will post 2.48 EPS for the current fiscal year.
In other Activision Blizzard news, CEO of King Digital Entertainment Riccardo Zacconi sold 19,761 shares of the business’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 value of $1,257,590.04. Following the completion of the transaction, the insider now owns 41,435 shares of the company’s stock, valued at approximately $2,636,923.40. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.12% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Van Hulzen Asset Management LLC bought a new stake in shares of Activision Blizzard in the 4th quarter worth approximately $1,007,000. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Activision Blizzard in the 4th quarter worth approximately $330,000. AlphaOne Investment Services LLC bought a new stake in shares of Activision Blizzard in the 4th quarter worth approximately $2,385,000. Financial Counselors Inc. lifted its holdings in shares of Activision Blizzard by 26.1% in the 4th quarter. Financial Counselors Inc. now owns 13,238 shares of the company’s stock worth $838,000 after acquiring an additional 2,736 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. lifted its holdings in shares of Activision Blizzard by 7.2% in the 4th quarter. Liberty Mutual Group Asset Management Inc. now owns 30,088 shares of the company’s stock worth $1,905,000 after acquiring an additional 2,010 shares during the last quarter. 85.61% of the stock is owned by institutional investors and hedge funds.
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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.
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