Wall Street analysts expect Activision Blizzard, Inc (NASDAQ:ATVI) to announce earnings per share (EPS) of $0.44 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Activision Blizzard’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.40. Activision Blizzard reported earnings per share of $0.46 during the same quarter last year, which indicates a negative year-over-year growth rate of 4.3%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 2nd.

On average, analysts expect that Activision Blizzard will report full-year earnings of $1.95 per share for the current fiscal year, with EPS estimates ranging from $1.84 to $2.13. For the next fiscal year, analysts anticipate that the company will post earnings of $2.46 per share. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Activision Blizzard.

Several equities analysts have recently issued reports on ATVI shares. Vetr raised Activision Blizzard from a “hold” rating to a “buy” rating and set a $50.88 target price on the stock in a research note on Monday, April 17th. Credit Suisse Group restated an “outperform” rating and set a $62.00 price target (up from $61.00) on shares of Activision Blizzard in a research report on Friday, May 5th. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Wednesday, July 5th. Stifel Nicolaus restated a “buy” rating and set a $59.00 price target (up from $53.00) on shares of Activision Blizzard in a research report on Tuesday, May 2nd. Finally, Benchmark Co. restated a “buy” rating and set a $57.88 price target (up from $53.96) on shares of Activision Blizzard in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $62.36.

In related news, Director Brian G. Kelly sold 3,685,000 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $61.93, for a total transaction of $228,212,050.00. Following the completion of the sale, the director now owns 189,791 shares in the company, valued at $11,753,756.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian G. Kelly sold 98,879 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $61.87, for a total value of $6,117,643.73. Following the sale, the director now owns 189,791 shares of the company’s stock, valued at approximately $11,742,369.17. The disclosure for this sale can be found here. Insiders have sold 3,914,879 shares of company stock valued at $242,371,204 in the last quarter. 2.12% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in Activision Blizzard during the first quarter valued at about $476,000. Courier Capital LLC acquired a new stake in Activision Blizzard during the first quarter valued at about $264,000. Quantitative Systematic Strategies LLC boosted its stake in Activision Blizzard by 396.5% in the first quarter. Quantitative Systematic Strategies LLC now owns 38,411 shares of the company’s stock valued at $1,915,000 after buying an additional 30,674 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Activision Blizzard by 121.0% in the first quarter. Nisa Investment Advisors LLC now owns 40,189 shares of the company’s stock valued at $1,997,000 after buying an additional 22,000 shares in the last quarter. Finally, Barometer Capital Management Inc. acquired a new stake in Activision Blizzard during the first quarter valued at about $5,520,000. Hedge funds and other institutional investors own 87.37% of the company’s stock.

Shares of Activision Blizzard (NASDAQ:ATVI) traded up 0.88% during trading on Friday, hitting $60.74. The company had a trading volume of 5,571,259 shares. The firm has a market capitalization of $45.85 billion, a P/E ratio of 41.01 and a beta of 1.07. Activision Blizzard has a 1-year low of $35.12 and a 1-year high of $64.06. The company’s 50 day moving average is $60.30 and its 200 day moving average is $53.02.

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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.

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