Activision Blizzard (NASDAQ:ATVI) has been assigned an average recommendation of “Buy” from the thirty-three ratings firms that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $74.72.
A number of equities analysts have recently commented on ATVI shares. Goldman Sachs raised Activision Blizzard from a “neutral” rating to a “buy” rating in a report on Tuesday, December 12th. Vetr lowered Activision Blizzard from a “hold” rating to a “sell” rating and set a $62.29 price target for the company. in a report on Tuesday, December 12th. BTIG Research started coverage on Activision Blizzard in a report on Monday, December 18th. They issued a “buy” rating and a $80.00 price target for the company. BidaskClub upgraded Activision Blizzard from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. Finally, Zacks Investment Research downgraded Activision Blizzard from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th.
Activision Blizzard stock opened at $64.56 on Wednesday. Activision Blizzard has a one year low of $48.41 and a one year high of $79.63. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.77. The firm has a market capitalization of $50,471.76, a PE ratio of 29.97, a P/E/G ratio of 1.81 and a beta of 1.16.
In other Activision Blizzard news, insider Stephen G. Wereb sold 120,521 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $72.38, for a total transaction of $8,723,309.98. Following the sale, the insider now owns 48,511 shares in the company, valued at $3,511,226.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dennis M. Durkin sold 71,488 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $75.65, for a total value of $5,408,067.20. Following the sale, the insider now owns 151,314 shares in the company, valued at approximately $11,446,904.10. The disclosure for this sale can be found here. Insiders have sold 2,701,258 shares of company stock worth $191,727,094 in the last 90 days. Company insiders own 2.12% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ATVI. Eagle Asset Management Inc. purchased a new position in shares of Activision Blizzard in the third quarter worth about $209,000. Dimensional Fund Advisors LP increased its holdings in shares of Activision Blizzard by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,708,054 shares of the company’s stock worth $174,685,000 after buying an additional 49,505 shares during the period. Westfield Capital Management Co. LP purchased a new position in shares of Activision Blizzard in the third quarter worth about $323,000. Stifel Financial Corp increased its holdings in shares of Activision Blizzard by 18.3% in the third quarter. Stifel Financial Corp now owns 256,780 shares of the company’s stock worth $16,553,000 after buying an additional 39,733 shares during the period. Finally, Sheaff Brock Investment Advisors LLC increased its holdings in shares of Activision Blizzard by 63.1% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 8,141 shares of the company’s stock worth $525,000 after buying an additional 3,150 shares during the period. Hedge funds and other institutional investors own 85.57% of the company’s stock.
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About Activision Blizzard
Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.
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