Activision Blizzard, Inc (ATVI) Lowered to “Sell” at Vetr Inc.

Activision Blizzard, Inc (NASDAQ:ATVI) was downgraded by equities researchers at Vetr from a “hold” rating to a “sell” rating in a report released on Monday. They currently have a $61.27 target price on the stock. Vetr‘s target price would suggest a potential downside of 4.41% from the company’s current price.

Other equities analysts also recently issued reports about the company. Argus restated a “buy” rating and issued a $70.00 price objective (up from $65.00) on shares of Activision Blizzard in a research report on Wednesday, August 16th. Jefferies Group LLC boosted their price objective on Activision Blizzard from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Benchmark Co. boosted their price objective on Activision Blizzard from $71.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Bank of America Corporation upgraded Activision Blizzard from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $65.00 to $76.00 in a research report on Friday, August 4th. Finally, BidaskClub downgraded Activision Blizzard from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $68.68.

Activision Blizzard (NASDAQ:ATVI) opened at $64.10 on Monday. Activision Blizzard has a 52-week low of $35.12 and a 52-week high of $67.03. The company has a market capitalization of $48,465.98, a PE ratio of 29.14, a PEG ratio of 2.24 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.25 and a quick ratio of 2.22.

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Institutional investors and hedge funds have recently added to or reduced their stakes in 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 buying an additional 1,180 shares during the last quarter. Grove Bank & Trust grew its stake in Activision Blizzard by 261.7% in the third quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock worth $140,000 after purchasing an additional 1,570 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new position in Activision Blizzard in the second quarter worth approximately $142,000. Huntington National Bank grew its stake in Activision Blizzard by 122.6% in the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after purchasing an additional 1,366 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its stake in Activision Blizzard by 16.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock worth $150,000 after purchasing an additional 363 shares in the last quarter. 84.23% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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