SunTrust Banks reissued their buy rating on shares of Activision Blizzard (NASDAQ:ATVI) in a research report released on Tuesday, The Fly reports. The brokerage currently has a $68.00 price objective on the stock, up from their previous price objective of $61.00.

Several other analysts also recently weighed in on ATVI. Stifel Nicolaus restated a buy rating and set a $70.00 target price (up previously from $65.00) on shares of Activision Blizzard in a research note on Friday, January 10th. Argus restated a focus list rating on shares of Activision Blizzard in a research note on Friday, November 15th. Piper Sandler increased their target price on Activision Blizzard from $62.00 to $69.00 and gave the company an overweight rating in a research note on Tuesday, January 28th. Benchmark restated a buy rating and set a $72.00 target price on shares of Activision Blizzard in a research note on Friday, February 7th. Finally, Bank of America set a $62.00 target price on Activision Blizzard and gave the company a buy rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $64.40.

Shares of NASDAQ ATVI traded up $0.93 during mid-day trading on Tuesday, reaching $63.52. 4,229,869 shares of the company traded hands, compared to its average volume of 6,186,258. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.49 and a current ratio of 2.50. The stock has a market cap of $47.35 billion, a PE ratio of 32.57, a price-to-earnings-growth ratio of 2.30 and a beta of 0.87. The company’s fifty day moving average is $59.88 and its two-hundred day moving average is $54.97. Activision Blizzard has a fifty-two week low of $40.89 and a fifty-two week high of $63.12.

Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.04. Activision Blizzard had a return on equity of 13.16% and a net margin of 23.18%. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the prior year, the firm posted $0.84 EPS. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. Research analysts forecast that Activision Blizzard will post 2.21 earnings per share for the current year.

The company also recently disclosed an annual dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 15th will be given a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a dividend yield of 0.67%. This is an increase from Activision Blizzard’s previous annual dividend of $0.37. Activision Blizzard’s dividend payout ratio (DPR) is currently 17.79%.

Several hedge funds have recently made changes to their positions in ATVI. J. Goldman & Co LP bought a new position in shares of Activision Blizzard during the 4th quarter worth approximately $8,884,000. Jacobs Levy Equity Management Inc. lifted its position in shares of Activision Blizzard by 57.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 183,948 shares of the company’s stock worth $10,930,000 after buying an additional 67,298 shares during the period. Graticule Asia Macro Advisors LLC bought a new position in shares of Activision Blizzard during the 4th quarter worth approximately $13,762,000. Marshall Wace North America L.P. lifted its position in shares of Activision Blizzard by 29.1% during the 4th quarter. Marshall Wace North America L.P. now owns 1,041,130 shares of the company’s stock worth $61,864,000 after buying an additional 234,814 shares during the period. Finally, Guggenheim Capital LLC lifted its position in shares of Activision Blizzard by 4.0% during the 4th quarter. Guggenheim Capital LLC now owns 370,703 shares of the company’s stock worth $22,026,000 after buying an additional 14,154 shares during the period. Institutional investors own 88.65% of the company’s stock.

About Activision Blizzard

Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. It develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.

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Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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