Activision Blizzard (NASDAQ:ATVI) has been assigned a $75.00 price objective by Wedbush in a report released on Thursday. The brokerage currently has a “buy” rating on the stock. Wedbush’s price target would indicate a potential upside of 12.23% from the company’s previous close.
Several other equities research analysts have also recently weighed in on the company. Vetr upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.25 price objective for the company in a report on Wednesday, September 27th. Buckingham Research began coverage on Activision Blizzard in a report on Wednesday, September 20th. They issued a “buy” rating and a $79.00 price objective for the company. KeyCorp reiterated a “buy” rating and issued a $74.00 price objective on shares of Activision Blizzard in a report on Tuesday, October 17th. Needham & Company LLC reiterated a “buy” rating and issued a $75.00 price objective on shares of Activision Blizzard in a report on Thursday, October 12th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $71.00 price objective on shares of Activision Blizzard in a report on Monday, October 9th. Six investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Activision Blizzard has a consensus rating of “Buy” and a consensus price target of $69.94.
Shares of Activision Blizzard (NASDAQ ATVI) traded up $0.64 during mid-day trading on Thursday, reaching $66.83. The company had a trading volume of 4,500,900 shares, compared to its average volume of 4,794,400. The stock has a market cap of $52,250.00, a PE ratio of 45.77, a PEG ratio of 1.94 and a beta of 1.02. Activision Blizzard has a 52 week low of $38.30 and a 52 week high of $67.40. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.25 and a quick ratio of 2.22.
Several institutional investors have recently bought and sold shares of the business. Waverton Investment Management Ltd increased its holdings in shares of Activision Blizzard by 57.3% in the 4th quarter. Waverton Investment Management Ltd now owns 943,017 shares of the company’s stock worth $59,712,000 after purchasing an additional 343,697 shares in the last quarter. DnB Asset Management AS increased its holdings in shares of Activision Blizzard by 2.3% in the 4th quarter. DnB Asset Management AS now owns 79,753 shares of the company’s stock worth $5,050,000 after purchasing an additional 1,800 shares in the last quarter. New England Research & Management Inc. boosted its stake in shares of Activision Blizzard by 17.0% in the 4th quarter. New England Research & Management Inc. now owns 5,850 shares of the company’s stock worth $370,000 after buying an additional 850 shares during the last quarter. Abner Herrman & Brock LLC boosted its stake in shares of Activision Blizzard by 12.1% in the 4th quarter. Abner Herrman & Brock LLC now owns 97,168 shares of the company’s stock worth $6,153,000 after buying an additional 10,526 shares during the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd purchased a new position in shares of Activision Blizzard in the 4th quarter worth $1,171,000. 86.48% of the stock is owned by institutional investors and hedge funds.
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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.
