Vetr upgraded shares of Activision Blizzard (NASDAQ:ATVI) from a hold rating to a buy rating in a research note released on Monday, February 5th. Vetr currently has $75.74 price target on the stock.
A number of other brokerages also recently commented on ATVI. Zacks Investment Research downgraded Activision Blizzard from a buy rating to a hold rating in a research report on Monday, January 8th. BidaskClub downgraded Activision Blizzard from a buy rating to a hold rating in a research report on Wednesday, December 27th. SunTrust Banks set a $77.00 price objective on Activision Blizzard and gave the company a buy rating in a research report on Wednesday, January 24th. Wedbush set a $75.00 price objective on Activision Blizzard and gave the company a buy rating in a research report on Thursday, October 26th. Finally, Jefferies Group reaffirmed a buy rating and issued a $78.00 price objective on shares of Activision Blizzard in a research report on Sunday, October 8th. Five investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $71.95.
Activision Blizzard (ATVI) opened at $68.03 on Monday. The company has a current ratio of 1.78, a quick ratio of 1.77 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $51,440.00, a price-to-earnings ratio of 194.20, a price-to-earnings-growth ratio of 1.73 and a beta of 1.11. Activision Blizzard has a 1 year low of $44.47 and a 1 year high of $74.94.
Activision Blizzard (NASDAQ:ATVI) last released its quarterly 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 company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.55 billion. Activision Blizzard had a return on equity of 17.48% and a net margin of 3.89%. Activision Blizzard’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. sell-side analysts forecast that Activision Blizzard will post 2.71 EPS for the current fiscal year.
In related news, CEO of King Digital Entertainment Riccardo Zacconi sold 19,761 shares of the business’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 transaction, the insider now owns 41,435 shares in the company, valued at $2,636,923.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.12% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Profund Advisors LLC increased its holdings in Activision Blizzard by 2.8% in the fourth quarter. Profund Advisors LLC now owns 60,224 shares of the company’s stock valued at $3,813,000 after buying an additional 1,615 shares during the last quarter. MANA Advisors LLC bought a new stake in Activision Blizzard in the fourth quarter valued at about $415,000. MYDA Advisors LLC bought a new stake in Activision Blizzard in the fourth quarter valued at about $1,583,000. Scotia Capital Inc. increased its holdings in Activision Blizzard by 17.7% in the fourth quarter. Scotia Capital Inc. now owns 8,999 shares of the company’s stock valued at $570,000 after buying an additional 1,356 shares during the last quarter. Finally, Security National Bank increased its holdings in Activision Blizzard by 4.7% in the fourth quarter. Security National Bank now owns 40,927 shares of the company’s stock valued at $2,592,000 after buying an additional 1,855 shares during the last quarter. 85.61% of the stock is owned by hedge funds and other institutional investors.
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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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