Activision Blizzard (ATVI) – Investment Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Activision Blizzard (NASDAQ: ATVI):

  • 10/8/2019 – Activision Blizzard was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 10/2/2019 – Activision Blizzard was downgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “underperform” rating. They now have a $43.00 price target on the stock, up previously from $41.00.
  • 9/25/2019 – Activision Blizzard was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 9/18/2019 – Activision Blizzard had its price target raised by analysts at Piper Jaffray Companies from $55.00 to $62.00. They now have an “overweight” rating on the stock.
  • 9/17/2019 – Activision Blizzard was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 9/12/2019 – Activision Blizzard was upgraded by analysts at Jefferies Financial Group Inc to a “buy” rating. They now have a $65.00 price target on the stock.
  • 9/12/2019 – Activision Blizzard had its price target raised by analysts at Bank of America Corp from $57.00 to $62.00. They now have a “buy” rating on the stock.
  • 9/12/2019 – Activision Blizzard was upgraded by analysts at Nomura from a “neutral” rating to a “buy” rating. They now have a $64.00 price target on the stock, up previously from $49.00.
  • 9/9/2019 – Activision Blizzard had its price target raised by analysts at Stifel Nicolaus from $57.00 to $65.00. They now have a “buy” rating on the stock.
  • 9/5/2019 – Activision Blizzard was upgraded by analysts at Stephens from an “equal” rating to a “weight” rating. They now have a $65.00 price target on the stock, up previously from $52.00.
  • 9/4/2019 – Activision Blizzard was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $60.00 price target on the stock, up previously from $43.00.
  • 8/22/2019 – Activision Blizzard was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/14/2019 – Activision Blizzard had its price target raised by analysts at BMO Capital Markets from $40.00 to $43.00. They now have a “market perform” rating on the stock.
  • 8/14/2019 – Activision Blizzard was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/14/2019 – Activision Blizzard had its “buy” rating reaffirmed by analysts at Ascendiant Capital Markets. They now have a $55.00 price target on the stock, up previously from $53.00.
  • 8/13/2019 – Activision Blizzard was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 8/12/2019 – Activision Blizzard had its price target raised by analysts at SunTrust Banks, Inc. from $52.00 to $56.00. They now have a “buy” rating on the stock.

NASDAQ ATVI traded down $0.59 during trading hours on Wednesday, hitting $53.55. 3,080,118 shares of the stock were exchanged, compared to its average volume of 9,143,277. The company has a market cap of $42.52 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 2.14 and a beta of 0.85. Activision Blizzard, Inc. has a 12-month low of $39.85 and a 12-month high of $80.25. The stock has a 50-day moving average of $52.80 and a 200 day moving average of $47.99. The company has a quick ratio of 3.43, a current ratio of 3.46 and a debt-to-equity ratio of 0.22.

Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.14. Activision Blizzard had a net margin of 23.69% and a return on equity of 15.54%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the company posted $0.41 earnings per share. The firm’s revenue for the quarter was down 12.9% on a year-over-year basis. On average, equities research analysts expect that Activision Blizzard, Inc. will post 2 earnings per share for the current year.

In other news, insider Christopher B. Walther sold 5,333 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $50.83, for a total value of $271,076.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Brian M. Stolz sold 134,845 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $47.80, for a total transaction of $6,445,591.00. Following the completion of the sale, the insider now owns 58,563 shares in the company, valued at $2,799,311.40. The disclosure for this sale can be found here. Insiders have sold 150,844 shares of company stock worth $7,266,020 over the last 90 days. 1.31% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC bought a new stake in Activision Blizzard in the 2nd quarter valued at about $422,191,000. Ruffer LLP bought a new stake in Activision Blizzard in the 2nd quarter valued at about $160,765,000. Viking Global Investors LP lifted its position in Activision Blizzard by 61.1% in the 2nd quarter. Viking Global Investors LP now owns 7,908,859 shares of the company’s stock valued at $373,298,000 after purchasing an additional 2,999,492 shares during the last quarter. Manning & Napier Group LLC bought a new stake in Activision Blizzard in the 2nd quarter valued at about $118,438,000. Finally, Boston Partners lifted its position in Activision Blizzard by 137.6% in the 2nd quarter. Boston Partners now owns 3,710,600 shares of the company’s stock valued at $175,148,000 after purchasing an additional 2,148,773 shares during the last quarter. Institutional investors and hedge funds own 86.97% of the company’s stock.

Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. It develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.

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