Activision Blizzard (NASDAQ:ATVI) was upgraded by Vetr from a “sell” rating to a “hold” rating in a research note issued on Wednesday. The brokerage currently has a $63.18 price objective on the stock. Vetr‘s price objective suggests a potential downside of 1.86% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Needham & Company LLC reiterated a “buy” rating and issued a $75.00 price target on shares of Activision Blizzard in a report on Thursday, October 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $71.00 price target on shares of Activision Blizzard in a report on Monday, October 9th. Buckingham Research initiated coverage on Activision Blizzard in a report on Wednesday, September 20th. They issued a “buy” rating and a $79.00 price target on the stock. KeyCorp reiterated a “buy” rating and issued a $74.00 price target on shares of Activision Blizzard in a report on Friday, September 8th. Finally, Jefferies Group reiterated a “buy” rating and issued a $78.00 price target on shares of Activision Blizzard in a report on Sunday, October 8th. Five analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $69.13.

Activision Blizzard (NASDAQ ATVI) traded down $0.52 during trading on Wednesday, reaching $64.38. The company had a trading volume of 4,713,946 shares, compared to its average volume of 6,741,424. The company has a market capitalization of $49,910.13, a PE ratio of 30.00, a price-to-earnings-growth ratio of 2.29 and a beta of 1.03. Activision Blizzard has a fifty-two week low of $35.95 and a fifty-two week high of $67.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $63.64, for a total value of $1,257,590.04. Following the transaction, the chief executive officer now owns 41,435 shares of the company’s stock, valued at $2,636,923.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.12% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATVI. Advisors Asset Management Inc. raised its position in shares of Activision Blizzard by 8.0% during the second quarter. Advisors Asset Management Inc. now owns 9,648 shares of the company’s stock worth $555,000 after purchasing an additional 716 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of Activision Blizzard during the second quarter worth about $216,000. Columbus Circle Investors acquired a new stake in shares of Activision Blizzard during the second quarter worth about $3,205,000. Tocqueville Asset Management L.P. acquired a new stake in shares of Activision Blizzard during the second quarter worth about $288,000. Finally, Twin Capital Management Inc. acquired a new stake in shares of Activision Blizzard during the second quarter worth about $1,820,000. 86.48% of the stock is currently owned by institutional investors.

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About Activision Blizzard

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.

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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