Activision Blizzard, Inc (ATVI) to Release Earnings on Wednesday
Activision Blizzard, Inc (NASDAQ:ATVI) is scheduled to release its earnings data after the market closes on Wednesday, November 1st. Analysts expect Activision Blizzard to post earnings of $0.49 per share for the quarter.
Shares of Activision Blizzard, Inc (ATVI) opened at 62.73 on Wednesday. The stock has a market capitalization of $47.36 billion, a PE ratio of 42.36 and a beta of 1.10. The firm has a 50-day moving average of $63.35 and a 200 day moving average of $59.56. Activision Blizzard, Inc has a 1-year low of $35.12 and a 1-year high of $66.58.
A number of research firms have weighed in on ATVI. KeyCorp reiterated a “buy” rating and issued a $74.00 price target on shares of Activision Blizzard in a research report on Tuesday, October 17th. Cowen and Company reiterated an “outperform” rating and issued a $66.00 price target (up from $59.00) on shares of Activision Blizzard in a research report on Wednesday, August 9th. Robert W. Baird reiterated an “outperform” rating and issued a $68.00 price target (up from $60.00) on shares of Activision Blizzard in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price target for the company in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $78.00 price target (up from $68.00) on shares of Activision Blizzard in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $65.16.
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In other news, Director Brian G. Kelly sold 3,685,000 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $61.93, for a total value of $228,212,050.00. Following the sale, the director now owns 189,791 shares of the company’s stock, valued at $11,753,756.63. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction on Friday, August 18th. The shares were sold at an average price of $61.32, for a total transaction of $1,211,744.52. Following the completion of the sale, the chief executive officer now directly owns 48,472 shares in the company, valued at approximately $2,972,303.04. The disclosure for this sale can be found here. In the last three months, insiders sold 4,074,879 shares of company stock worth $252,196,001. Insiders own 2.12% of the company’s stock.
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.
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