Activision Blizzard (NASDAQ:ATVI) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

ATVI has been the subject of a number of other research reports. Wedbush set a $75.00 price objective on shares of Activision Blizzard and gave the company a “buy” rating in a report on Thursday, October 26th. Vetr raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.58 price objective for the company in a report on Tuesday, October 10th. Zacks Investment Research raised shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price objective for the company in a report on Friday, October 27th. Cowen lowered shares of Activision Blizzard from an “outperform” rating to a “market perform” rating and set a $66.00 price objective for the company. in a report on Monday, October 9th. Finally, UBS Group upped their price objective on shares of Activision Blizzard from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Seven research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Activision Blizzard currently has an average rating of “Buy” and a consensus target price of $70.04.

Shares of Activision Blizzard (NASDAQ:ATVI) traded down $0.51 during midday trading on Tuesday, hitting $69.85. 2,143,340 shares of the stock were exchanged, compared to its average volume of 5,655,391. The firm has a market capitalization of $53,000.00, a PE ratio of 47.84, a price-to-earnings-growth ratio of 2.01 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 has a 1-year low of $38.38 and a 1-year high of $71.18.

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

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

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Activision Blizzard by 4.8% during the second quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock worth $2,786,211,000 after purchasing an additional 2,200,995 shares in the last quarter. State Street Corp lifted its position in shares of Activision Blizzard by 4.7% during the second quarter. State Street Corp now owns 26,680,585 shares of the company’s stock worth $1,536,010,000 after purchasing an additional 1,197,980 shares in the last quarter. Capital World Investors lifted its position in shares of Activision Blizzard by 23.8% during the second quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock worth $1,297,513,000 after purchasing an additional 4,327,000 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Activision Blizzard by 820.8% during the second quarter. Janus Henderson Group PLC now owns 20,298,735 shares of the company’s stock worth $1,168,587,000 after purchasing an additional 18,094,334 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Activision Blizzard by 25.6% during the third quarter. Bank of New York Mellon Corp now owns 7,476,125 shares of the company’s stock worth $482,285,000 after purchasing an additional 1,523,740 shares in the last quarter. 86.49% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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