Activision Blizzard (NASDAQ:ATVI) received a $80.00 target price from equities research analysts at KeyCorp in a research note issued to investors on Monday. The brokerage currently has a “buy” rating on the stock. KeyCorp’s target price suggests a potential upside of 20.54% from the company’s previous close.

A number of other equities analysts have also recently commented on ATVI. Zacks Investment Research raised Activision Blizzard from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Tuesday, January 2nd. BidaskClub cut Activision Blizzard from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Vetr raised Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.25 target price for the company in a report on Wednesday, September 27th. BMO Capital Markets reissued a “market perform” rating and set a $62.00 target price (up previously from $60.00) on shares of Activision Blizzard in a report on Wednesday, September 20th. Finally, Hilliard Lyons raised Activision Blizzard from an “underperform” rating to a “neutral” rating in a report on Wednesday, November 8th. Five equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $69.60.

Shares of Activision Blizzard (ATVI) traded up $1.71 during trading on Monday, hitting $66.37. The company’s stock had a trading volume of 4,999,100 shares, compared to its average volume of 4,610,400. Activision Blizzard has a fifty-two week low of $37.37 and a fifty-two week high of $67.40. The firm has a market capitalization of $50,030.00, a PE ratio of 45.46, a P/E/G ratio of 1.94 and a beta of 1.02. The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44.

In other 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 transaction, the chief executive officer now directly owns 41,435 shares in the company, valued at $2,636,923.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.12% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Abner Herrman & Brock LLC boosted its holdings in Activision Blizzard by 12.1% in the fourth quarter. Abner Herrman & Brock LLC now owns 97,168 shares of the company’s stock valued at $6,153,000 after purchasing an additional 10,526 shares during the period. QUANTRES ASSET MANAGEMENT Ltd purchased a new position in Activision Blizzard in the fourth quarter valued at $1,171,000. Prudential Financial Inc. boosted its holdings in Activision Blizzard by 108.6% in the third quarter. Prudential Financial Inc. now owns 3,184,687 shares of the company’s stock valued at $205,444,000 after purchasing an additional 1,657,730 shares during the period. Atlantic Trust Group LLC boosted its holdings in Activision Blizzard by 41.8% in the third quarter. Atlantic Trust Group LLC now owns 40,045 shares of the company’s stock valued at $2,584,000 after purchasing an additional 11,796 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in Activision Blizzard by 1.6% in the third quarter. Parametric Portfolio Associates LLC now owns 1,700,303 shares of the company’s stock valued at $109,687,000 after purchasing an additional 27,078 shares during the period. Institutional investors and hedge funds own 86.48% of the company’s stock.

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About Activision Blizzard

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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