Shares of Activision Blizzard Inc. (NASDAQ:ATVI) have earned an average rating of “Buy” from the twenty-two brokerages that are covering the company. Four investment analysts have rated the stock with a hold recommendation and eighteen have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $45.02.

Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Wednesday, September 21st. Benchmark Co. reissued a “buy” rating and set a $49.79 price objective (up previously from $45.56) on shares of Activision Blizzard in a research note on Thursday, September 22nd. Morgan Stanley began coverage on shares of Activision Blizzard in a research note on Friday, September 23rd. They set an “overweight” rating and a $56.00 price objective on the stock. Vetr raised shares of Activision Blizzard from a “sell” rating to a “hold” rating and set a $44.87 price objective on the stock in a research note on Monday, September 26th. Finally, Jefferies Group reissued a “buy” rating and set a $55.00 price objective on shares of Activision Blizzard in a research note on Wednesday, September 21st.

Shares of Activision Blizzard (NASDAQ:ATVI) traded up 0.262% during midday trading on Monday, hitting $44.035. 2,055,601 shares of the stock traded hands. The firm has a market capitalization of $32.65 billion, a PE ratio of 44.345 and a beta of 1.09. The company’s 50-day moving average is $43.09 and its 200 day moving average is $39.16. Activision Blizzard has a 52 week low of $26.49 and a 52 week high of $45.12.

Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. Activision Blizzard had a net margin of 13.95% and a return on equity of 14.49%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the company earned $0.13 earnings per share. Activision Blizzard’s quarterly revenue was up 112.0% on a year-over-year basis. Analysts anticipate that Activision Blizzard will post $1.99 earnings per share for the current year.

In other news, COO Thomas Tippl sold 44,427 shares of the stock in a transaction on Monday, August 15th. The shares were sold at an average price of $41.83, for a total value of $1,858,381.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $40.65, for a total transaction of $803,284.65. Following the completion of the sale, the chief executive officer now directly owns 97,177 shares of the company’s stock, valued at $3,950,245.05. The disclosure for this sale can be found here. 25.23% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in ATVI. HL Financial Services LLC boosted its stake in shares of Activision Blizzard by 0.5% in the second quarter. HL Financial Services LLC now owns 11,447 shares of the company’s stock worth $454,000 after buying an additional 61 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Activision Blizzard by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 19,432 shares of the company’s stock worth $770,000 after buying an additional 69 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of Activision Blizzard by 0.3% in the second quarter. Proficio Capital Partners LLC now owns 34,807 shares of the company’s stock worth $1,402,000 after buying an additional 94 shares during the period. Conning Inc. boosted its stake in shares of Activision Blizzard by 2.2% in the second quarter. Conning Inc. now owns 11,170 shares of the company’s stock worth $443,000 after buying an additional 240 shares during the period. Finally, NN Investment Partners Holdings N.V. boosted its stake in shares of Activision Blizzard by 0.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 34,322 shares of the company’s stock worth $1,360,000 after buying an additional 295 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

Activision Blizzard Company Profile

Activision Blizzard, Inc is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company operates through Activision Publishing, Inc (Activision) and its subsidiaries, Blizzard Entertainment, Inc (Blizzard) and its subsidiaries, and Other segments.

5 Day Chart for NASDAQ:ATVI

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