Shares of Activision Blizzard, Inc (NASDAQ:ATVI) have earned a consensus rating of “Buy” from the thirty analysts that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $68.71.
Several analysts have recently issued reports on the company. KeyCorp reissued 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 assumed coverage on Activision Blizzard in a report on Friday, September 8th. They set a “neutral” rating and a $65.00 target price on the stock. Vetr lowered Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 target price on the stock. in a report on Thursday, August 31st. BMO Capital Markets reissued a “hold” rating and set a $62.00 target price on shares of Activision Blizzard in a report on Thursday, November 2nd. Finally, Robert W. Baird reissued an “outperform” rating and set a $68.00 target price on shares of Activision Blizzard in a report on Wednesday, September 20th.
Shares of Activision Blizzard (NASDAQ ATVI) traded up $0.39 during midday trading on Thursday, reaching $62.40. The company’s stock had a trading volume of 8,946,460 shares, compared to its average volume of 6,739,733. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44. Activision Blizzard has a 52-week low of $35.12 and a 52-week high of $67.03. The firm has a market cap of $47,180.00, a price-to-earnings ratio of 29.99, a price-to-earnings-growth ratio of 2.29 and a beta of 1.06.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Cornerstone Advisors Inc. grew its position in shares of Activision Blizzard by 321.5% in the third quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock valued at $100,000 after purchasing an additional 1,180 shares in the last quarter. Grove Bank & Trust grew its position in shares of 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 in the last quarter. Shine Investment Advisory Services Inc. purchased a new position in shares of Activision Blizzard in the second quarter valued at $142,000. Bronfman E.L. Rothschild L.P. grew its position in shares of Activision Blizzard by 16.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock valued at $150,000 after purchasing an additional 363 shares in the last quarter. Finally, Phocas Financial Corp. purchased a new position in shares of Activision Blizzard in the second quarter valued at $173,000. Institutional investors own 86.58% of the company’s stock.
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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