Shares of Activision Blizzard Inc. (NASDAQ:ATVI) have been given an average recommendation of “Buy” by the twenty-two analysts that are currently covering the company. Three equities research analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $47.27.

A number of research firms recently commented on ATVI. Vetr lowered shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $42.09 price objective on the stock. in a research note on Tuesday, September 13th. Mizuho lifted their price target on shares of Activision Blizzard from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Jefferies Group lifted their price target on shares of Activision Blizzard from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Cowen and Company restated an “outperform” rating and issued a $45.00 price target on shares of Activision Blizzard in a research report on Tuesday, August 23rd. Finally, Benchmark Co. restated a “buy” rating on shares of Activision Blizzard in a research report on Wednesday, August 10th.

Shares of Activision Blizzard (NASDAQ:ATVI) opened at 38.39 on Monday. The stock has a market cap of $28.53 billion, a price-to-earnings ratio of 33.32 and a beta of 1.11. The company has a 50-day moving average price of $42.66 and a 200-day moving average price of $40.87. Activision Blizzard has a 1-year low of $26.49 and a 1-year high of $45.55.

Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.07. Activision Blizzard had a net margin of 13.81% and a return on equity of 16.63%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $6.54 billion. During the same quarter last year, the business earned $0.21 earnings per share. The business’s revenue for the quarter was up 58.4% on a year-over-year basis. On average, equities analysts expect that Activision Blizzard will post $2.06 earnings per share for the current fiscal year.

In related news, CFO Dennis M. Durkin sold 119,937 shares of Activision Blizzard stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $41.33, for a total value of $4,956,996.21. Following the transaction, the chief financial officer now owns 431,425 shares in the company, valued at approximately $17,830,795.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $40.09, for a total transaction of $792,218.49. Following the completion of the transaction, the chief executive officer now owns 69,583 shares in the company, valued at approximately $2,789,582.47. The disclosure for this sale can be found here. 25.23% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Fisher Asset Management LLC purchased a new position in shares of Activision Blizzard during the second quarter valued at approximately $244,000. Gulf International Bank UK Ltd increased its position in shares of Activision Blizzard by 12.7% in the second quarter. Gulf International Bank UK Ltd now owns 174,544 shares of the company’s stock valued at $6,917,000 after buying an additional 19,700 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in shares of Activision Blizzard by 1.6% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 437,434 shares of the company’s stock valued at $17,335,000 after buying an additional 6,692 shares during the period. Exxonmobil Investment Management Inc. TX increased its position in shares of Activision Blizzard by 6.8% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 131,852 shares of the company’s stock valued at $5,225,000 after buying an additional 8,374 shares during the period. Finally, DNB Asset Management AS increased its position in shares of Activision Blizzard by 2.1% in the second quarter. DNB Asset Management AS now owns 635,953 shares of the company’s stock valued at $25,203,000 after buying an additional 13,300 shares during the period. Hedge funds and other institutional investors own 84.34% 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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