Activision Blizzard, Inc (ATVI) Stock Rating Reaffirmed by Stifel Nicolaus
Activision Blizzard, Inc (NASDAQ:ATVI)‘s stock had its “buy” rating reiterated by research analysts at Stifel Nicolaus in a research report issued to clients and investors on Sunday.
Several other brokerages have also recently weighed in on ATVI. Cowen and Company lifted their price objective on shares of Activision Blizzard from $51.00 to $59.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $69.00 price objective on shares of Activision Blizzard in a research note on Friday, August 4th. Vetr cut shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 price objective for the company. in a research note on Thursday, August 31st. Benchmark Co. lifted their price objective on shares of Activision Blizzard from $71.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, UBS AG lifted their price objective on shares of Activision Blizzard from $67.00 to $72.00 and gave the stock a “buy” rating in a research note on Sunday, August 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. Activision Blizzard has an average rating of “Buy” and a consensus target price of $62.87.
Shares of Activision Blizzard (ATVI) opened at 64.93 on Friday. The company has a 50-day moving average of $62.71 and a 200-day moving average of $56.00. The company has a market cap of $49.02 billion, a PE ratio of 43.84 and a beta of 1.08. Activision Blizzard has a 1-year low of $35.12 and a 1-year high of $66.58.
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In other Activision Blizzard news, insider Dennis M. Durkin sold 160,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $60.68, for a total transaction of $9,708,800.00. Following the sale, the insider now directly owns 337,534 shares of the company’s stock, valued at approximately $20,481,563.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $61.32, for a total transaction of $1,211,744.52. Following the sale, the chief executive officer now directly owns 48,472 shares in the company, valued at $2,972,303.04. The disclosure for this sale can be found here. Insiders have sold a total of 4,074,879 shares of company stock worth $252,196,001 over the last three months. Insiders own 2.12% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Shine Investment Advisory Services Inc. bought a new stake in Activision Blizzard during the 2nd quarter worth approximately $142,000. Huntington National Bank grew its holdings in Activision Blizzard by 122.6% during the 2nd quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after acquiring an additional 1,366 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in 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 worth $150,000 after acquiring an additional 363 shares during the last quarter. Guardian Life Insurance Co. of America grew its holdings in Activision Blizzard by 1.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock worth $133,000 after acquiring an additional 51 shares during the last quarter. Finally, Phocas Financial Corp. bought a new stake in Activision Blizzard during the 2nd quarter worth approximately $173,000. 86.33% of the stock is currently owned by hedge funds and other 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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