Activision Blizzard (NASDAQ: ATVI) has recently received a number of price target changes and ratings updates:

  • 9/26/2018 – Activision Blizzard had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $88.00 price target on the stock.
  • 9/21/2018 – Activision Blizzard had its “buy” rating reaffirmed by analysts at Argus. They now have a $90.00 price target on the stock, up previously from $81.00.
  • 9/13/2018 – Activision Blizzard had its price target raised by analysts at Robert W. Baird from $81.00 to $85.00. They now have an “outperform” rating on the stock.
  • 9/12/2018 – Activision Blizzard was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/6/2018 – Activision Blizzard was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/31/2018 – Activision Blizzard was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating. They now have a $77.00 price target on the stock, down previously from $84.00.
  • 8/29/2018 – Activision Blizzard was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/15/2018 – Activision Blizzard was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/9/2018 – Activision Blizzard was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/8/2018 – Activision Blizzard was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Activision reported strong second-quarter 2018 results on the back of solid in-game net bookings driven by Call of Duty: WWII, Black Ops 3 and Destiny 2. Additionally, King Digital’s Candy Crush continued to contribute significantly to top-line growth. Moreover, Activision’s strong line-up for the second half of the year, which includes World of Warcraft’s Battle for Azeroth, Call of Duty: Black Ops 4, and Spyro the Dragon: Reignited Trilogy bodes well for the company. However, declining revenues in the Asia-Pacific region is a concern. Moreover, lack of any major game release in the third-quarter and an anticipated increase in marketing expenses due to upcoming game launch will hurt profitability. Moreover, stiff competition is a major headwind. Shares have underperformed the industry on a year-to-date basis.”
  • 8/5/2018 – Activision Blizzard had its price target lowered by analysts at Barclays PLC from $82.00 to $79.00. They now have a “hold” rating on the stock.
  • 8/3/2018 – Activision Blizzard was given a new $85.00 price target on by analysts at Wedbush. They now have a “buy” rating on the stock.
  • 8/2/2018 – Activision Blizzard was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/31/2018 – Activision Blizzard had its price target raised by analysts at Needham & Company LLC from $80.00 to $90.00. They now have a “buy” rating on the stock.

Shares of NASDAQ ATVI traded up $1.41 during mid-day trading on Thursday, hitting $82.98. The company had a trading volume of 415,761 shares, compared to its average volume of 6,417,050. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.96 and a current ratio of 2.98. Activision Blizzard, Inc. has a 12 month low of $57.29 and a 12 month high of $82.46. The stock has a market cap of $61.40 billion, a PE ratio of 40.48, a PEG ratio of 2.15 and a beta of 0.87.

Activision Blizzard (NASDAQ:ATVI) last released its earnings results on Thursday, August 2nd. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the company earned $0.32 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. research analysts forecast that Activision Blizzard, Inc. will post 2.49 earnings per share for the current fiscal year.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 20,324 shares in the company, valued at $1,396,258.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.29% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Activision Blizzard by 16.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,524 shares of the company’s stock worth $345,000 after buying an additional 634 shares in the last quarter. Wetherby Asset Management Inc. increased its holdings in shares of Activision Blizzard by 7.8% during the second quarter. Wetherby Asset Management Inc. now owns 9,385 shares of the company’s stock worth $716,000 after buying an additional 680 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Activision Blizzard by 2.4% during the first quarter. Thrivent Financial for Lutherans now owns 31,554 shares of the company’s stock worth $2,129,000 after buying an additional 729 shares in the last quarter. Mission Wealth Management LP increased its holdings in shares of Activision Blizzard by 13.5% during the second quarter. Mission Wealth Management LP now owns 6,174 shares of the company’s stock worth $471,000 after buying an additional 732 shares in the last quarter. Finally, Peregrine Capital Management LLC increased its holdings in shares of Activision Blizzard by 0.3% during the second quarter. Peregrine Capital Management LLC now owns 243,301 shares of the company’s stock worth $18,569,000 after buying an additional 735 shares in the last quarter. Hedge funds and other institutional investors own 87.01% of the company’s stock.

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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