Activision Blizzard Inc. (NASDAQ:ATVI) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday. The brokerage presently has a $49.99 price target on the stock. Vetr‘s target price points to a potential upside of 16.51% from the company’s previous close.

A number of other brokerages also recently commented on ATVI. Wedbush restated an “outperform” rating and issued a $43.00 target price on shares of Activision Blizzard in a research note on Wednesday, July 6th. Morgan Stanley started coverage on Activision Blizzard in a report on Friday, September 23rd. They set an “overweight” rating and a $56.00 price target on the stock. Robert W. Baird reaffirmed an “outperform” rating and set a $46.00 price target on shares of Activision Blizzard in a report on Thursday, September 8th. Jefferies Group reaffirmed a “buy” rating on shares of Activision Blizzard in a report on Monday, August 22nd. Finally, Argus reaffirmed a “buy” rating on shares of Activision Blizzard in a report on Thursday, August 25th. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $44.96.

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

Shares of Activision Blizzard (NASDAQ:ATVI) traded down 2.03% during midday trading on Tuesday, reaching $42.90. The company’s stock had a trading volume of 7,005,641 shares. The stock’s 50 day moving average is $43.27 and its 200 day moving average is $39.37. Activision Blizzard has a 12 month low of $26.49 and a 12 month high of $45.12. The stock has a market capitalization of $31.81 billion, a PE ratio of 43.20 and a beta of 1.09.

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

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $40.65, for a total transaction of $803,284.65. Following the completion of the transaction, the chief executive officer now owns 97,177 shares of the company’s stock, valued at approximately $3,950,245.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert J. Morgado sold 29,999 shares of the business’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $43.60, for a total transaction of $1,307,956.40. The disclosure for this sale can be found here. Insiders own 25.23% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in Activision Blizzard by 8.9% in the third quarter. Fisher Asset Management LLC now owns 6,287 shares of the company’s stock worth $279,000 after buying an additional 512 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Activision Blizzard by 19.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 148,269 shares of the company’s stock worth $6,568,000 after buying an additional 24,025 shares in the last quarter. Addison Capital Co bought a new position in shares of Activision Blizzard during the third quarter worth approximately $510,000. Advisory Services Network LLC raised its position in shares of Activision Blizzard by 24.0% in the third quarter. Advisory Services Network LLC now owns 3,669 shares of the company’s stock worth $163,000 after buying an additional 711 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX raised its position in shares of Activision Blizzard by 32.1% in the third quarter. Exxonmobil Investment Management Inc. TX now owns 174,177 shares of the company’s stock worth $7,716,000 after buying an additional 42,325 shares in the last quarter. 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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