KeyCorp set a $83.00 target price on Activision Blizzard (NASDAQ:ATVI) in a research note published on Wednesday morning. The firm currently has a buy rating on the stock. KeyCorp also issued estimates for Activision Blizzard’s Q1 2018 earnings at $0.31 EPS, Q2 2018 earnings at $0.33 EPS, FY2018 earnings at $2.61 EPS, Q1 2019 earnings at $0.56 EPS, Q2 2019 earnings at $0.56 EPS and FY2019 earnings at $3.11 EPS.
A number of other equities research analysts have also weighed in on ATVI. Sanford C. Bernstein started coverage on Activision Blizzard in a research note on Thursday, January 18th. They issued a market perform rating and a $74.00 target price for the company. Vetr raised Activision Blizzard from a sell rating to a hold rating and set a $74.33 target price for the company in a research note on Tuesday, January 30th. 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. Zacks Investment Research raised Activision Blizzard from a hold rating to a buy rating and set a $86.00 target price for the company in a research note on Tuesday, March 13th. Finally, Credit Suisse Group boosted their target price on Activision Blizzard from $81.00 to $83.00 and gave the company an outperform rating in a research note on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Activision Blizzard currently has an average rating of Buy and an average price target of $75.03.
ATVI opened at $64.56 on Wednesday. Activision Blizzard has a 12-month low of $48.41 and a 12-month 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 stock has a market capitalization of $50,471.76, a PE ratio of 29.97, a PEG ratio of 1.81 and a beta of 1.16.
In other Activision Blizzard news, insider Dennis M. Durkin sold 71,488 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $75.65, for a total transaction of $5,408,067.20. Following the transaction, the insider now owns 151,314 shares in the company, valued at approximately $11,446,904.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dennis M. Durkin sold 21,488 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $77.18, for a total value of $1,658,443.84. Following the transaction, the insider now owns 151,314 shares in the company, valued at approximately $11,678,414.52. The disclosure for this sale can be found here. Insiders have sold a total of 2,701,258 shares of company stock valued at $191,727,094 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 ATVI. Eagle Asset Management Inc. purchased a new position in shares of Activision Blizzard during the 3rd quarter worth approximately $209,000. Dimensional Fund Advisors LP grew its holdings in shares of Activision Blizzard by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,708,054 shares of the company’s stock worth $174,685,000 after acquiring an additional 49,505 shares during the period. Stifel Financial Corp grew its holdings in shares of Activision Blizzard by 18.3% during the 3rd quarter. Stifel Financial Corp now owns 256,780 shares of the company’s stock worth $16,553,000 after acquiring an additional 39,733 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Activision Blizzard during the 3rd quarter worth approximately $9,849,000. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Activision Blizzard by 4.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 98,374 shares of the company’s stock worth $6,346,000 after acquiring an additional 3,799 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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