Hilliard Lyons upgraded shares of Activision Blizzard, Inc (NASDAQ:ATVI) from an underperform rating to a neutral rating in a report issued on Wednesday, November 8th, MarketBeat.com reports.
A number of other equities analysts also recently weighed in on ATVI. KeyCorp restated a buy rating and set a $74.00 target price on shares of Activision Blizzard in a report on Friday, September 8th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Activision Blizzard in a report on Friday, September 8th. They issued a neutral rating and a $65.00 price objective on the stock. Vetr cut shares of Activision Blizzard from a hold rating to a sell rating and set a $61.90 target price for the company. in a research report on Thursday, August 31st. BMO Capital Markets reaffirmed a hold rating and set a $62.00 price objective on shares of Activision Blizzard in a research report on Thursday, November 2nd. Finally, Robert W. Baird reissued an outperform rating and issued a $68.00 target price on shares of Activision Blizzard in a report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $68.68.
Shares of Activision Blizzard (ATVI) traded down $0.17 during trading on Wednesday, hitting $63.93. 3,144,400 shares of the company were exchanged, compared to its average volume of 6,783,288. The firm has a market cap of $48,340.00, a PE ratio of 29.14, a P/E/G ratio of 2.24 and a beta of 1.06. The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44. Activision Blizzard has a 1-year low of $35.12 and a 1-year high of $67.03.
In related news, CEO Riccardo Zacconi sold 19,761 shares of the 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 owns 41,435 shares of the company’s stock, valued at $2,636,923.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.12% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. Cornerstone Advisors Inc. grew its holdings 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 worth $100,000 after purchasing an additional 1,180 shares during the last quarter. Grove Bank & Trust lifted its position in Activision Blizzard by 261.7% in the third quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock valued at $140,000 after purchasing an additional 1,570 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in Activision Blizzard in the second quarter valued at about $142,000. Huntington National Bank lifted its position in Activision Blizzard by 122.6% in the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock valued at $143,000 after purchasing an additional 1,366 shares during the period. Finally, Bronfman E.L. Rothschild L.P. lifted its position in shares of Activision Blizzard by 16.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock valued at $150,000 after acquiring an additional 363 shares during the period. 84.23% of the stock is currently owned by 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.
Receive News & Ratings for Activision Blizzard Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard Inc and related companies with our FREE daily email newsletter.