Activision Blizzard, Inc. (NASDAQ:ATVI) – Equities research analysts at Jefferies Group issued their Q1 2018 earnings per share estimates for Activision Blizzard in a research note issued on Saturday. Jefferies Group analyst T. O’shea forecasts that the company will post earnings of $0.30 per share for the quarter. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Activision Blizzard’s Q2 2018 earnings at $0.38 EPS.

Activision Blizzard (NASDAQ:ATVI) last released its earnings results on Thursday, February 8th. The company reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.02. Activision Blizzard had a net margin of 3.89% and a return on equity of 17.48%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis.

Other equities research analysts have also recently issued research reports about the stock. Piper Jaffray Companies reiterated a “buy” rating and issued a $70.00 target price on shares of Activision Blizzard in a research note on Wednesday, November 8th. UBS Group increased their target price on shares of Activision Blizzard from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. SunTrust Banks set a $72.00 price target on shares of Activision Blizzard and gave the stock a “buy” rating in a research report on Sunday, October 29th. Wedbush set a $75.00 price target on shares of Activision Blizzard and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Vetr raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $62.29 price target for the company in a research report on Tuesday, December 5th. Six equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $71.95.

Shares of Activision Blizzard (ATVI) opened at $69.65 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.77. Activision Blizzard has a one year low of $44.47 and a one year high of $74.94. The firm has a market cap of $51,437.45, a PE ratio of 193.47, a P/E/G ratio of 1.81 and a beta of 1.11.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cornerstone Advisors Inc. grew its stake 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 purchasing an additional 1,180 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of Activision Blizzard during the fourth quarter valued at approximately $125,000. Goodman Financial Corp bought a new stake in shares of Activision Blizzard during the fourth quarter valued at approximately $127,000. Grove Bank & Trust grew its stake in shares of Activision Blizzard by 261.7% during the third quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock valued at $140,000 after purchasing an additional 1,570 shares during the last quarter. Finally, Phocas Financial Corp. bought a new stake in shares of Activision Blizzard during the second quarter valued at approximately $173,000. 85.61% of the stock is owned by institutional investors.

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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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