Mizuho reaffirmed their buy rating on shares of Activision Blizzard Inc. (NASDAQ:ATVI) in a research report report published on Monday. Mizuho currently has a $48.00 price objective on the stock.

ATVI has been the topic of several other reports. Vetr cut Activision Blizzard from a hold rating to a sell rating and set a $40.89 target price on the stock. in a report on Monday, September 5th. Oppenheimer Holdings Inc. started coverage on Activision Blizzard in a report on Friday, October 14th. They issued an outperform rating and a $53.00 target price on the stock. Jefferies Group reiterated a buy rating on shares of Activision Blizzard in a report on Monday, August 22nd. Zacks Investment Research cut Activision Blizzard from a strong-buy rating to a hold rating in a report on Friday, October 7th. Finally, Morgan Stanley started coverage on Activision Blizzard in a report on Friday, September 23rd. They issued an overweight rating and a $56.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Activision Blizzard currently has a consensus rating of Buy and a consensus price target of $46.40.

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

Shares of Activision Blizzard (NASDAQ:ATVI) traded up 0.30% during midday trading on Monday, hitting $40.27. 679,546 shares of the company were exchanged. Activision Blizzard has a one year low of $26.49 and a one year high of $45.55. The company has a 50-day moving average of $43.61 and a 200 day moving average of $40.69. The company has a market capitalization of $29.93 billion, a P/E ratio of 34.96 and a beta of 1.11.

Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Thursday, November 3rd. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.07. Activision Blizzard had a return on equity of 16.63% and a net margin of 13.81%. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $6.54 billion. During the same period in the prior year, the business posted $0.21 earnings per share. The firm’s revenue was up 58.4% on a year-over-year basis. On average, equities research analysts expect that Activision Blizzard will post $2.06 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 Wednesday, August 17th. The stock was sold at an average price of $39.63, for a total value of $783,128.43. Following the completion of the transaction, the chief executive officer now owns 76,620 shares in the company, valued at approximately $3,036,450.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert J. Morgado sold 29,999 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $43.60, for a total value 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 modified their holdings of the company. Northern Trust Corp increased its position in shares of Activision Blizzard by 6.1% in the third quarter. Northern Trust Corp now owns 10,710,581 shares of the company’s stock valued at $474,479,000 after buying an additional 619,986 shares in the last quarter. Columbus Circle Investors increased its position in shares of Activision Blizzard by 0.9% in the third quarter. Columbus Circle Investors now owns 4,100,098 shares of the company’s stock valued at $181,634,000 after buying an additional 35,882 shares in the last quarter. Westpac Banking Corp increased its position in shares of Activision Blizzard by 78.7% in the third quarter. Westpac Banking Corp now owns 71,779 shares of the company’s stock valued at $3,180,000 after buying an additional 31,617 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Activision Blizzard by 3.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,207,518 shares of the company’s stock valued at $53,493,000 after buying an additional 39,209 shares in the last quarter. Finally, Princeton Alpha Management LP increased its position in shares of Activision Blizzard by 51.7% in the third quarter. Princeton Alpha Management LP now owns 29,045 shares of the company’s stock valued at $1,287,000 after buying an additional 9,901 shares in the last quarter. Institutional investors and hedge funds own 83.96% of the company’s stock.

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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