Activision Blizzard (NASDAQ:ATVI) had its target price hoisted by Credit Suisse Group from $81.00 to $83.00 in a report published on Friday morning. The firm currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on ATVI. Wedbush set a $81.00 price target on shares of Activision Blizzard and gave the stock a buy rating in a report on Friday. Vetr upgraded shares of Activision Blizzard from a hold rating to a buy rating and set a $75.74 price target on the stock in a report on Monday, February 5th. Robert W. Baird upped their price target on shares of Activision Blizzard from $75.00 to $80.00 and gave the stock an outperform rating in a report on Friday. Stifel Nicolaus reaffirmed a buy rating and issued a $77.00 price objective on shares of Activision Blizzard in a research note on Thursday, February 1st. Finally, Bank of America upped their price objective on shares of Activision Blizzard from $76.00 to $77.00 and gave the stock a buy rating in a research note on Tuesday, February 6th. Six investment 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. Activision Blizzard has an average rating of Buy and an average price target of $71.75.

Activision Blizzard (NASDAQ:ATVI) opened at $67.08 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.46. The company has a market cap of $50,719.16, a PE ratio of 30.22, a PEG ratio of 1.85 and a beta of 1.11. Activision Blizzard has a 1-year low of $44.47 and a 1-year high of $74.94.

Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.02. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Activision Blizzard had a net margin of 3.89% and a return on equity of 17.48%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. research analysts predict that Activision Blizzard will post 2.48 EPS for the current year.

In other news, CEO of King Digital Entertainment Riccardo Zacconi sold 19,761 shares of the company’s 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 transaction, the insider now owns 41,435 shares in the company, valued at $2,636,923.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.12% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of ATVI. Cornerstone Advisors Inc. increased its holdings in shares of Activision Blizzard by 321.5% during the third quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock valued at $100,000 after acquiring an additional 1,180 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in Activision Blizzard in the 4th quarter worth approximately $125,000. Goodman Financial Corp acquired a new position in Activision Blizzard in the 4th quarter worth approximately $127,000. Grove Bank & Trust increased its holdings in 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 buying an additional 1,570 shares during the period. Finally, Phocas Financial Corp. acquired a new position in Activision Blizzard in the 2nd quarter worth approximately $173,000. Hedge funds and other institutional investors own 85.61% 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.

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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