Activision Blizzard, Inc (NASDAQ:ATVI) had its target price lifted by Morgan Stanley from $70.00 to $72.00 in a research note released on Friday, November 3rd. They currently have an overweight rating on the stock.
Several other equities analysts have also recently issued reports on the company. Jefferies Group LLC upped their price objective on Activision Blizzard from $80.00 to $82.00 and gave the company a buy rating in a research report on Friday, November 3rd. Robert W. Baird upped their price objective on Activision Blizzard from $68.00 to $75.00 and gave the company an outperform rating in a research report on Friday, November 3rd. BMO Capital Markets reaffirmed a hold rating and issued a $62.00 price objective on shares of Activision Blizzard in a research report on Thursday, November 2nd. SunTrust Banks, Inc. set a $72.00 price objective on Activision Blizzard and gave the company a buy rating in a research report on Sunday, October 29th. Finally, Vetr cut Activision Blizzard from a hold rating to a sell rating and set a $59.97 price target on the stock. in a report on Monday, October 30th. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $68.75.
Shares of Activision Blizzard (NASDAQ ATVI) traded up $0.62 on Friday, hitting $63.62. The stock had a trading volume of 3,036,700 shares, compared to its average volume of 6,844,182. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25. Activision Blizzard has a 12-month low of $35.12 and a 12-month high of $67.03. The company has a market cap of $48,500.00, a PE ratio of 28.64, a P/E/G ratio of 2.20 and a beta of 1.06.
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In other news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $61.32, for a total transaction of $1,211,744.52. Following the transaction, the chief executive officer now directly owns 48,472 shares of the company’s stock, valued at $2,972,303.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.12% of the company’s stock.
Several large investors have recently modified their holdings of the company. Allen Investment Management LLC purchased a new position in Activision Blizzard during the second quarter valued at approximately $2,095,000. DnB Asset Management AS increased its holdings in Activision Blizzard by 10.6% during the second quarter. DnB Asset Management AS now owns 80,653 shares of the company’s stock valued at $4,643,000 after buying an additional 7,700 shares during the period. Pacad Investment Ltd. increased its holdings in Activision Blizzard by 131.0% during the second quarter. Pacad Investment Ltd. now owns 119,447 shares of the company’s stock valued at $6,877,000 after buying an additional 67,742 shares during the period. Norinchukin Bank The increased its holdings in Activision Blizzard by 7.1% during the second quarter. Norinchukin Bank The now owns 48,118 shares of the company’s stock valued at $2,770,000 after buying an additional 3,170 shares during the period. Finally, Brighton Jones LLC purchased a new position in Activision Blizzard during the second quarter valued at approximately $508,000. 86.15% of the stock is currently owned by institutional investors and hedge funds.
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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