Analysts expect that Activision Blizzard, Inc. (NASDAQ:ATVI) will report $2.53 billion in sales for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Activision Blizzard’s earnings. The lowest sales estimate is $2.34 billion and the highest is $2.70 billion. Activision Blizzard posted sales of $2.45 billion during the same quarter last year, which would indicate a positive year over year growth rate of 3.3%. The firm is scheduled to issue its next earnings results on Thursday, February 8th.

On average, analysts expect that Activision Blizzard will report full-year sales of $2.53 billion for the current fiscal year, with estimates ranging from $6.85 billion to $7.22 billion. For the next fiscal year, analysts expect that the firm will post sales of $7.48 billion per share, with estimates ranging from $7.21 billion to $7.86 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Activision Blizzard.

ATVI has been the topic of several recent analyst reports. KeyCorp reaffirmed a “buy” rating and set a $74.00 price objective on shares of Activision Blizzard in a report on Friday, September 8th. Jefferies Group reissued a “buy” rating and issued a $78.00 price objective (up previously from $68.00) on shares of Activision Blizzard in a research note on Wednesday, August 9th. BidaskClub raised shares of Activision Blizzard from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Argus reissued a “buy” rating and issued a $70.00 price objective (up previously from $65.00) on shares of Activision Blizzard in a research note on Wednesday, August 16th. Finally, Buckingham Research started coverage on shares of Activision Blizzard in a research note on Wednesday, September 20th. They issued a “buy” rating and a $79.00 price target for the company. Five research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $68.71.

In related news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 41,435 shares in the company, valued at $2,636,923.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.12% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its position in Activision Blizzard by 820.8% during the second quarter. Janus Henderson Group PLC now owns 20,298,735 shares of the company’s stock valued at $1,168,587,000 after purchasing an additional 18,094,334 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Activision Blizzard by 82.6% in the second quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock valued at $1,283,097,000 after buying an additional 10,083,717 shares during the last quarter. Capital World Investors lifted its position in shares of Activision Blizzard by 23.8% in the second quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock valued at $1,297,513,000 after buying an additional 4,327,000 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Activision Blizzard by 4.8% in the second quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock valued at $2,786,211,000 after buying an additional 2,200,995 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of Activision Blizzard by 108.6% in the third quarter. Prudential Financial Inc. now owns 3,184,687 shares of the company’s stock valued at $205,444,000 after buying an additional 1,657,730 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Activision Blizzard (NASDAQ ATVI) opened at $59.55 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25. The company has a market cap of $44,307.43, a P/E ratio of 26.64, a P/E/G ratio of 2.04 and a beta of 1.03. Activision Blizzard has a 52 week low of $35.86 and a 52 week high of $67.03.

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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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Earnings History and Estimates for Activision Blizzard (NASDAQ:ATVI)

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