Brokerages Set Activision Blizzard, Inc. (NASDAQ:ATVI) PT at $91.36

Shares of Activision Blizzard, Inc. (NASDAQ:ATVI – Get Rating) have earned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $91.36.

A number of research analysts have issued reports on the stock. Wedbush reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Activision Blizzard in a report on Friday, January 27th. Deutsche Bank Aktiengesellschaft raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and raised their price objective for the stock from $83.00 to $90.00 in a research note on Thursday, February 16th. Wells Fargo & Company raised shares of Activision Blizzard from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research note on Monday, November 28th. Edward Jones raised shares of Activision Blizzard from a “hold” rating to a “buy” rating in a research note on Tuesday, December 6th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Activision Blizzard from $95.00 to $86.00 in a research note on Monday, November 28th.

Activision Blizzard Price Performance

Shares of NASDAQ:ATVI opened at $78.99 on Thursday. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.19. The company has a market cap of $61.95 billion, a P/E ratio of 41.14, a PEG ratio of 2.41 and a beta of 0.42. Activision Blizzard has a 52 week low of $70.94 and a 52 week high of $81.50. The company has a 50-day moving average price of $76.72 and a 200 day moving average price of $75.60.

Insider Transactions at Activision Blizzard

In other news, COO Daniel Alegre sold 8,847 shares of the business’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $78.50, for a total value of $694,489.50. Following the completion of the sale, the chief operating officer now owns 156,170 shares of the company’s stock, valued at approximately $12,259,345. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Activision Blizzard

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Activision Blizzard during the 3rd quarter valued at about $33,000. Activest Wealth Management grew its position in Activision Blizzard by 203.9% in the third quarter. Activest Wealth Management now owns 471 shares of the company’s stock worth $35,000 after acquiring an additional 316 shares in the last quarter. ICA Group Wealth Management LLC bought a new stake in Activision Blizzard in the fourth quarter worth approximately $40,000. Fairfield Bush & CO. bought a new stake in shares of Activision Blizzard during the 1st quarter worth $41,000. Finally, Evermay Wealth Management LLC boosted its holdings in shares of Activision Blizzard by 33.3% during the 3rd quarter. Evermay Wealth Management LLC now owns 684 shares of the company’s stock worth $51,000 after buying an additional 171 shares during the period. Institutional investors own 79.34% of the company’s stock.

Activision Blizzard Company Profile

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Activision Blizzard, Inc engages in the development and publication of entertainment content and services. It operates through the following segments: Activision Publishing Inc, Blizzard Entertainment Inc, and King Digital Entertainment. The Activision Publishing Inc segment delivers content through both premium and free-to-play offerings, as well as by licensing software to third-party or related-party companies that distribute Activision products.