Sanford C. Bernstein began coverage on shares of Activision Blizzard (NASDAQ:ATVI) in a report published on Thursday morning, Marketbeat.com reports. The brokerage issued a market perform rating and a $74.00 price target on the stock.
A number of other research analysts have also weighed in on the company. Cowen lowered Activision Blizzard from an outperform rating to a market perform rating and set a $66.00 price target on the stock. in a research note on Monday, October 9th. Zacks Investment Research raised Activision Blizzard from a hold rating to a strong-buy rating and set a $71.00 price target on the stock in a research note on Friday, October 27th. Vetr lowered Activision Blizzard from a buy rating to a hold rating and set a $59.97 price target on the stock. in a research note on Monday, October 23rd. Wedbush set a $75.00 target price on Activision Blizzard and gave the stock a buy rating in a research report on Thursday, October 26th. Finally, Goldman Sachs Group raised Activision Blizzard from a neutral rating to a buy rating in a research report on Tuesday, December 12th. Seven equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $70.04.
Shares of Activision Blizzard (NASDAQ ATVI) traded up $0.77 during trading on Thursday, hitting $70.57. The company’s stock had a trading volume of 5,210,000 shares, compared to its average volume of 5,618,416. Activision Blizzard has a one year low of $38.38 and a one year high of $71.18. The stock has a market cap of $53,930.00, a price-to-earnings ratio of 48.34, a PEG ratio of 2.07 and a beta of 1.02. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44.
In other news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $63.64, for a total transaction of $1,257,590.04. Following the completion of the sale, the chief executive officer now directly owns 41,435 shares in the company, valued at $2,636,923.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.12% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. grew its stake in shares of Activision Blizzard by 0.4% during the second quarter. Macquarie Group Ltd. now owns 12,345 shares of the company’s stock valued at $711,000 after acquiring an additional 45 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Activision Blizzard by 0.7% during the second quarter. D.A. Davidson & CO. now owns 8,926 shares of the company’s stock valued at $513,000 after acquiring an additional 58 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Activision Blizzard by 0.4% during the second quarter. Nordea Investment Management AB now owns 60,106 shares of the company’s stock valued at $3,460,000 after acquiring an additional 243 shares in the last quarter. Fiera Capital Corp grew its stake in shares of Activision Blizzard by 6.2% during the second quarter. Fiera Capital Corp now owns 6,814 shares of the company’s stock valued at $392,000 after acquiring an additional 400 shares in the last quarter. Finally, Simmons Bank grew its stake in shares of Activision Blizzard by 14.9% during the second quarter. Simmons Bank now owns 5,449 shares of the company’s stock valued at $314,000 after acquiring an additional 706 shares in the last quarter. Institutional investors own 86.63% of the company’s stock.
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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.
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