Activision Blizzard (NASDAQ:ATVI) was downgraded by investment analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Thursday. They presently have a $69.64 price target on the stock. Vetr‘s price objective points to a potential downside of 1.02% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Macquarie raised their price target on Activision Blizzard from $64.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday. Jefferies Group raised their price target on Activision Blizzard from $80.00 to $82.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Wedbush set a $75.00 price target on Activision Blizzard and gave the company a “buy” rating in a report on Thursday. Hilliard Lyons raised Activision Blizzard from an “underperform” rating to a “neutral” rating in a research note on Wednesday, November 8th. Finally, BTIG Research started coverage on Activision Blizzard in a research note on Monday, December 18th. They issued a “buy” rating and a $80.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Activision Blizzard has an average rating of “Buy” and a consensus price target of $69.91.

Activision Blizzard (ATVI) traded up $1.12 during mid-day trading on Thursday, reaching $70.36. The company had a trading volume of 8,020,000 shares, compared to its average volume of 5,820,000. Activision Blizzard has a 12-month low of $38.38 and a 12-month high of $70.71. The firm has a market cap of $53,200.00, a PE ratio of 48.19, a price-to-earnings-growth ratio of 2.06 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.25 and a quick ratio of 2.22.

Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.11. Activision Blizzard had a return on equity of 17.56% and a net margin of 15.90%. equities research analysts forecast that Activision Blizzard will post 2.1 earnings per share for the current year.

In other news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction on 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 directly owns 41,435 shares in the company, valued at approximately $2,636,923.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.12% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of ATVI. Cornerstone Advisors Inc. boosted its position in shares of Activision Blizzard by 321.5% in 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 boosted its position in shares of Activision Blizzard by 261.7% in 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. Phocas Financial Corp. bought a new position in shares of Activision Blizzard in the 2nd quarter worth $173,000. BB&T Investment Services Inc. bought a new position in shares of Activision Blizzard in the 2nd quarter worth $189,000. Finally, Yorktown Management & Research Co Inc bought a new position in shares of Activision Blizzard in the 2nd quarter worth $201,000. Institutional investors and hedge funds own 86.48% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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