A number of other research firms also recently commented on ATVI. Zacks Investment Research downgraded shares of Activision Blizzard from a buy rating to a hold rating in a research report on Monday, January 8th. BidaskClub downgraded shares of Activision Blizzard from a buy rating to a hold rating in a research report on Wednesday, December 27th. SunTrust Banks set a $77.00 price target on shares of Activision Blizzard and gave the stock a buy rating in a research report on Wednesday, January 24th. Vetr downgraded shares of Activision Blizzard from a hold rating to a sell rating and set a $69.79 price target on the stock. in a research report on Monday, January 29th. Finally, 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. Six 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 company’s stock. Activision Blizzard has an average rating of Buy and an average target price of $71.75.
Activision Blizzard (NASDAQ ATVI) traded up $1.25 during mid-day trading on Friday, hitting $67.08. 18,580,019 shares of the company’s stock were exchanged, compared to its average volume of 6,080,000. Activision Blizzard has a one year low of $38.93 and a one year high of $74.94. The company has a market cap of $51,680.00, a P/E ratio of 191.66, a price-to-earnings-growth ratio of 1.81 and a beta of 1.11. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.25 and a quick ratio of 2.22.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Friday, March 30th will be issued a $0.34 dividend. This is an increase from Activision Blizzard’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Wednesday, March 28th. Activision Blizzard’s payout ratio is presently 85.71%.
In other news, CEO Riccardo Zacconi sold 19,761 shares of the business’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 sale, the chief executive officer now owns 41,435 shares in the company, valued at $2,636,923.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.12% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in ATVI. Macquarie Group Ltd. raised its holdings 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 during the period. BB&T Investment Services Inc. acquired a new stake in shares of Activision Blizzard during the second quarter valued at approximately $189,000. Public Employees Retirement System of Ohio raised its holdings in shares of Activision Blizzard by 34.1% during the second quarter. Public Employees Retirement System of Ohio now owns 509,088 shares of the company’s stock valued at $29,308,000 after acquiring an additional 129,556 shares during the period. WINTON GROUP Ltd raised its holdings in shares of Activision Blizzard by 13.5% during the second quarter. WINTON GROUP Ltd now owns 425,331 shares of the company’s stock valued at $24,486,000 after acquiring an additional 50,616 shares during the period. Finally, Dynamic Technology Lab Private Ltd grew its position in Activision Blizzard by 97.1% during the second quarter. Dynamic Technology Lab Private Ltd now owns 8,600 shares of the company’s stock valued at $495,000 after purchasing an additional 4,237 shares in the last quarter. Institutional investors and hedge funds own 86.04% of the company’s stock.
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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