Activision Blizzard (NASDAQ:ATVI) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday.
A number of other equities research analysts have also weighed in on ATVI. BidaskClub raised Activision Blizzard from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Vetr raised Activision Blizzard from a “buy” rating to a “strong-buy” rating and set a $80.56 target price for the company in a research note on Thursday, February 22nd. Hilliard Lyons raised Activision Blizzard from an “underperform” rating to a “neutral” rating in a research note on Wednesday, November 8th. Wedbush set a $81.00 target price on Activision Blizzard and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Robert W. Baird boosted their target price on Activision Blizzard from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Six investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $73.25.
Shares of Activision Blizzard (NASDAQ:ATVI) traded down $1.12 during mid-day trading on Thursday, reaching $72.01. The company’s stock had a trading volume of 8,098,757 shares, compared to its average volume of 6,890,000. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.77 and a current ratio of 1.78. Activision Blizzard has a 52-week low of $45.18 and a 52-week high of $74.94. The company has a market capitalization of $54,450.00, a price-to-earnings ratio of 60.51, a P/E/G ratio of 1.93 and a beta of 1.11.
In other Activision Blizzard news, Director Brian G. Kelly sold 1,700,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $70.65, for a total transaction of $120,105,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $70.99, for a total value of $1,402,833.39. Following the transaction, the chief executive officer now owns 34,398 shares in the company, valued at approximately $2,441,914.02. The disclosure for this sale can be found here. Insiders have sold a total of 2,487,761 shares of company stock valued at $175,937,273 in the last ninety days. 2.12% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the business. Macquarie Group Ltd. grew its holdings in shares of Activision Blizzard by 5.8% during the 4th quarter. Macquarie Group Ltd. now owns 13,644 shares of the company’s stock worth $865,000 after acquiring an additional 744 shares during the period. Checchi Capital Advisers LLC grew its holdings in shares of Activision Blizzard by 13.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 6,437 shares of the company’s stock worth $408,000 after acquiring an additional 769 shares during the period. CI Global Investments Inc. grew its holdings in shares of Activision Blizzard by 1.1% during the 4th quarter. CI Global Investments Inc. now owns 69,123 shares of the company’s stock worth $4,377,000 after acquiring an additional 780 shares during the period. Jackson Wealth Management LLC grew its holdings in shares of Activision Blizzard by 6.6% during the 4th quarter. Jackson Wealth Management LLC now owns 12,744 shares of the company’s stock worth $844,000 after acquiring an additional 788 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Activision Blizzard by 20.8% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,640 shares of the company’s stock worth $299,000 after acquiring an additional 800 shares during the period. Hedge funds and other institutional investors own 86.06% 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.
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