Activision Blizzard (NASDAQ:ATVI) was upgraded by stock analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, Marketbeat.com reports.
ATVI has been the subject of a number of other research reports. Stifel Nicolaus reiterated a “buy” rating on shares of Activision Blizzard in a report on Sunday, September 10th. Wedbush set a $75.00 price target on Activision Blizzard and gave the stock a “buy” rating in a report on Thursday, October 26th. Piper Jaffray Companies reiterated an “overweight” rating and set a $69.00 price target on shares of Activision Blizzard in a report on Friday, September 8th. Vetr upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.58 price target for the company in a report on Tuesday, October 10th. Finally, Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price target for the company in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. Activision Blizzard has an average rating of “Buy” and an average price target of $68.71.
Activision Blizzard (NASDAQ ATVI) traded up $1.70 during trading hours on Tuesday, hitting $66.73. The company had a trading volume of 9,306,372 shares, compared to its average volume of 5,636,071. Activision Blizzard has a twelve month low of $35.86 and a twelve month high of $67.03. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $50,454.55, a P/E ratio of 30.33, a P/E/G ratio of 2.32 and a beta of 1.03.
Several large investors have recently modified their holdings of ATVI. Cornerstone Advisors Inc. boosted its stake 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 buying an additional 1,180 shares during the period. Grove Bank & Trust boosted its stake 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 buying an additional 1,570 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake 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 buying an additional 363 shares during the period. Phocas Financial Corp. bought a new stake in shares of Activision Blizzard in the second quarter valued at approximately $173,000. Finally, BB&T Investment Services Inc. bought a new stake in shares of Activision Blizzard in the second quarter valued at approximately $189,000. Institutional investors own 86.57% of the company’s stock.
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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.
