Activision Blizzard, Inc (NASDAQ:ATVI) had its target price lifted by Robert W. Baird from $68.00 to $75.00 in a research note released on Friday, November 3rd. They currently have an outperform rating on the stock.
Several other equities analysts have also recently issued reports on the company. 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. 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. Zacks Investment Research raised Activision Blizzard from a hold rating to a strong-buy rating and set a $71.00 price target on the stock in a report on Friday, October 27th. Finally, Wedbush set a $75.00 price target on Activision Blizzard and gave the company a buy rating in a report on Thursday, October 26th. 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.
A number of hedge funds have recently modified their holdings of the stock. Harwood Advisory Group LLC increased its holdings in Activision Blizzard by 0.7% during the second quarter. Harwood Advisory Group LLC now owns 5,288 shares of the company’s stock valued at $304,000 after buying an additional 36 shares during the period. Macquarie Group Ltd. increased its holdings in Activision Blizzard by 0.4% during the second quarter. Macquarie Group Ltd. now owns 12,345 shares of the company’s stock valued at $711,000 after buying an additional 45 shares during the period. D.A. Davidson & CO. increased its holdings in Activision Blizzard by 0.7% during the second quarter. D.A. Davidson & CO. now owns 8,926 shares of the company’s stock valued at $513,000 after buying an additional 58 shares during the period. Accuvest Global Advisors increased its holdings in Activision Blizzard by 2.0% during the second quarter. Accuvest Global Advisors now owns 9,758 shares of the company’s stock valued at $562,000 after buying an additional 194 shares during the period. Finally, Commerce Bank increased its holdings in Activision Blizzard by 1.7% during the second quarter. Commerce Bank now owns 11,883 shares of the company’s stock valued at $684,000 after buying an additional 199 shares during the period. 86.15% of the stock is currently owned by institutional investors.
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.
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