Equities research analysts at BTIG Research started coverage on shares of Activision Blizzard (NASDAQ:ATVI) in a research note issued to investors on Monday. The brokerage set a “buy” rating and a $80.00 price target on the stock. BTIG Research’s target price suggests a potential upside of 23.27% from the company’s current price.

Several other research firms have also recently commented on ATVI. Goldman Sachs Group initiated coverage on Activision Blizzard in a report on Friday, September 8th. They issued a “neutral” rating and a $65.00 price target for the company. KeyCorp reaffirmed a “buy” rating and issued a $74.00 price target on shares of Activision Blizzard in a report on Friday, September 8th. Vetr cut Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 price target for the company. in a report on Thursday, August 31st. BMO Capital Markets reaffirmed a “hold” rating and issued a $62.00 price target on shares of Activision Blizzard in a report on Thursday, November 2nd. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $68.00 price target on shares of Activision Blizzard in a report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Activision Blizzard currently has a consensus rating of “Buy” and a consensus price target of $69.10.

Activision Blizzard (NASDAQ ATVI) opened at $64.90 on Monday. Activision Blizzard has a fifty-two week low of $35.95 and a fifty-two week high of $67.40. The company has a market capitalization of $49,070.00, a P/E ratio of 30.33, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $63.64, for a total transaction of $1,257,590.04. Following the completion of the sale, the chief executive officer now owns 41,435 shares of the company’s stock, valued at $2,636,923.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.12% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Cornerstone Advisors Inc. increased its stake in Activision Blizzard by 321.5% during the third quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock worth $100,000 after acquiring an additional 1,180 shares during the last quarter. Grove Bank & Trust boosted its position in shares of Activision Blizzard by 261.7% during the third quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock worth $140,000 after buying an additional 1,570 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in shares of Activision Blizzard by 16.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock worth $150,000 after buying an additional 363 shares during the period. Phocas Financial Corp. purchased a new position in shares of Activision Blizzard during the second quarter worth $173,000. Finally, Chicago Equity Partners LLC purchased a new position in shares of Activision Blizzard during the third quarter worth $204,000. 86.48% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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