Activision Blizzard (NASDAQ:ATVI) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued on Thursday. They presently have a $69.64 price objective on the stock. Vetr‘s price target would suggest a potential downside of 1.02% from the stock’s previous close.

A number of other research firms have also commented on ATVI. Wedbush set a $75.00 price target on Activision Blizzard and gave the company a “buy” rating in a research report on Thursday. BTIG Research assumed coverage on Activision Blizzard in a report on Monday, December 18th. They set a “buy” rating and a $80.00 target price on the stock. Zacks Investment Research downgraded Activision Blizzard from a “buy” rating to a “hold” rating in a report on Monday, January 8th. KeyCorp set a $80.00 target price on Activision Blizzard and gave the stock a “buy” rating in a report on Monday, January 8th. Finally, Macquarie upped their target price on Activision Blizzard from $64.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $69.91.

Activision Blizzard (NASDAQ ATVI) traded up $1.12 on Thursday, reaching $70.36. The company’s stock had a trading volume of 8,019,591 shares, compared to its average volume of 5,820,000. The company has a market cap of $53,200.00, a price-to-earnings ratio of 48.19, a price-to-earnings-growth ratio of 2.06 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.25 and a quick ratio of 2.22. Activision Blizzard has a fifty-two week low of $38.38 and a fifty-two week high of $70.71.

Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. Activision Blizzard had a return on equity of 17.56% and a net margin of 15.90%. analysts anticipate that Activision Blizzard will post 2.1 earnings per share for the current fiscal year.

In other news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $63.64, for a total transaction of $1,257,590.04. Following the transaction, the chief executive officer now directly owns 41,435 shares of the company’s stock, valued at approximately $2,636,923.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.12% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. raised its holdings in Activision Blizzard by 0.4% in the 2nd quarter. Macquarie Group Ltd. now owns 12,345 shares of the company’s stock worth $711,000 after purchasing an additional 45 shares during the period. D.A. Davidson & CO. raised its holdings in Activision Blizzard by 0.7% during the second quarter. D.A. Davidson & CO. now owns 8,926 shares of the company’s stock valued at $513,000 after acquiring an additional 58 shares during the period. Nordea Investment Management AB raised its holdings in Activision Blizzard by 0.4% during the second quarter. Nordea Investment Management AB now owns 60,106 shares of the company’s stock valued at $3,460,000 after acquiring an additional 243 shares during the period. Fiera Capital Corp raised its holdings in Activision Blizzard by 6.2% during the second quarter. Fiera Capital Corp now owns 6,814 shares of the company’s stock valued at $392,000 after acquiring an additional 400 shares during the period. Finally, Simmons Bank raised its holdings in Activision Blizzard by 14.9% during the second quarter. Simmons Bank now owns 5,449 shares of the company’s stock valued at $314,000 after acquiring an additional 706 shares during the period. 86.48% of the stock is currently owned by institutional investors.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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