Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) were up 3.1% during mid-day trading on Monday . The stock traded as high as $80.25 and last traded at $75.51. Approximately 490,873 shares were traded during trading, a decline of 92% from the average daily volume of 6,241,610 shares. The stock had previously closed at $77.92.

Several research firms have recently weighed in on ATVI. Needham & Company LLC increased their price target on shares of Activision Blizzard from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Bank of America cut shares of Activision Blizzard from a “buy” rating to a “neutral” rating and dropped their price target for the company from $84.00 to $77.00 in a research note on Friday, August 31st. BidaskClub raised shares of Activision Blizzard from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Robert W. Baird increased their price target on shares of Activision Blizzard from $81.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 13th. Finally, Wedbush increased their price target on shares of Activision Blizzard from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 1st. Eight analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $81.47.

The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.96 and a current ratio of 2.98. The firm has a market capitalization of $63.42 billion, a P/E ratio of 36.58, a P/E/G ratio of 2.22 and a beta of 0.86.

Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.30 by $0.11. Activision Blizzard had a net margin of 6.96% and a return on equity of 18.00%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the business posted $0.32 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, research analysts forecast that Activision Blizzard, Inc. will post 2.49 EPS for the current year.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $68.70, for a total transaction of $1,357,580.70. Following the sale, the chief executive officer now directly owns 20,324 shares in the company, valued at approximately $1,396,258.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.29% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Altman Advisors Inc. acquired a new stake in Activision Blizzard during the 2nd quarter worth approximately $323,000. Ashburton Jersey Ltd acquired a new stake in Activision Blizzard during the 2nd quarter worth approximately $107,000. Quad Cities Investment Group LLC acquired a new stake in Activision Blizzard during the 2nd quarter worth approximately $114,000. NuWave Investment Management LLC acquired a new stake in Activision Blizzard during the 2nd quarter worth approximately $121,000. Finally, Kaizen Advisory LLC lifted its holdings in Activision Blizzard by 155.2% during the 2nd quarter. Kaizen Advisory LLC now owns 1,876 shares of the company’s stock worth $143,000 after buying an additional 1,141 shares in the last quarter. Institutional investors own 87.05% of the company’s stock.

About Activision Blizzard (NASDAQ:ATVI)

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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