Activision Blizzard (ATVI) Trading Down 2.6%
Activision Blizzard, Inc. (NASDAQ:ATVI) was down 2.6% during trading on Tuesday . The stock traded as low as $58.35 and last traded at $60.10. Approximately 4,688,267 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 6,758,867 shares. The stock had previously closed at $58.60.
Several equities research analysts recently commented on ATVI shares. KeyCorp restated a “buy” rating and issued a $74.00 price target on shares of Activision Blizzard in a research report on Friday, September 8th. Jefferies Group restated a “buy” rating and issued a $78.00 price target (up previously from $68.00) on shares of Activision Blizzard in a research report on Wednesday, August 9th. BidaskClub upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Argus restated a “buy” rating and issued a $70.00 price target (up previously from $65.00) on shares of Activision Blizzard in a research report on Wednesday, August 16th. Finally, Buckingham Research started coverage on shares of Activision Blizzard in a research report on Wednesday, September 20th. They issued a “buy” rating and a $79.00 price target for the company. Five investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $68.71.
The firm has a market cap of $46,847.93, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44.
Institutional investors have recently added to or reduced their stakes in the business. Cornerstone Advisors Inc. increased its stake in shares of Activision Blizzard by 321.5% during the 3rd quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock worth $100,000 after purchasing an additional 1,180 shares during the last quarter. Grove Bank & Trust increased its stake in shares of Activision Blizzard by 261.7% during the 3rd quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock worth $140,000 after purchasing an additional 1,570 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in shares of Activision Blizzard during the 2nd quarter worth $142,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of Activision Blizzard by 16.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock worth $150,000 after purchasing an additional 363 shares during the last quarter. Finally, Phocas Financial Corp. acquired a new position in shares of Activision Blizzard during the 2nd quarter worth $173,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.
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Activision Blizzard Company Profile
Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.
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