Activision Blizzard, Inc (NASDAQ:ATVI) had its price target boosted by equities researchers at Jefferies Group LLC from $80.00 to $82.00 in a research note issued on Friday, November 3rd. The firm currently has a “buy” rating on the stock. Jefferies Group LLC’s target price indicates a potential upside of 25.88% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. Bank of America Corporation raised Activision Blizzard from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $76.00 in a research note on Friday, August 4th. UBS AG reissued a “buy” rating and set a $72.00 target price (up from $67.00) on shares of Activision Blizzard in a research note on Monday, July 31st. MKM Partners reissued a “buy” rating and set a $63.00 target price (up from $60.00) on shares of Activision Blizzard in a research note on Wednesday, July 26th. Needham & Company LLC initiated coverage on Activision Blizzard in a research note on Monday, July 17th. They set a “buy” rating and a $75.00 target price on the stock. Finally, Vetr lowered Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $67.48 price target on the stock. in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $68.68.
Shares of Activision Blizzard (NASDAQ ATVI) opened at $65.14 on Friday. The firm has a market capitalization of $49,250.00, a P/E ratio of 29.06, a P/E/G ratio of 2.24 and a beta of 1.06. Activision Blizzard has a 12-month low of $35.12 and a 12-month high of $67.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.25 and a quick ratio of 2.22.
In other news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction on Friday, November 17th. The stock was sold at an average price of $63.64, for a total value of $1,257,590.04. Following the transaction, the chief executive officer now directly owns 41,435 shares in the company, valued at approximately $2,636,923.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.12% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in Activision Blizzard by 0.5% during the 2nd quarter. BlackRock Inc. now owns 49,147,427 shares of the company’s stock worth $2,829,418,000 after acquiring an additional 235,362 shares during the period. Vanguard Group Inc. lifted its position in Activision Blizzard by 4.8% during the 2nd quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock worth $2,786,211,000 after acquiring an additional 2,200,995 shares during the period. State Street Corp lifted its position in Activision Blizzard by 4.7% during the 2nd quarter. State Street Corp now owns 26,680,585 shares of the company’s stock worth $1,536,010,000 after acquiring an additional 1,197,980 shares during the period. Capital World Investors lifted its position in Activision Blizzard by 23.8% during the 2nd quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock worth $1,297,513,000 after acquiring an additional 4,327,000 shares during the period. Finally, Jennison Associates LLC lifted its position in Activision Blizzard by 82.6% during the 2nd quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock worth $1,283,097,000 after acquiring an additional 10,083,717 shares during the period. 84.23% of the stock is owned by institutional investors.
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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