Research Analysts Set Expectations for Activision Blizzard, Inc.’s Q1 2018 Earnings (ATVI)

Activision Blizzard, Inc. (NASDAQ:ATVI) – Stock analysts at Jefferies Group issued their Q1 2018 earnings per share estimates for shares of Activision Blizzard in a research note issued on Saturday. Jefferies Group analyst T. O’shea forecasts that the company will earn $0.30 per share for the quarter. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for Activision Blizzard’s Q2 2018 earnings at $0.38 EPS.

Other analysts have also recently issued reports about the stock. UBS Group increased their target price on shares of Activision Blizzard from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Piper Jaffray Companies reissued a “buy” rating and set a $70.00 target price on shares of Activision Blizzard in a report on Wednesday, November 8th. KeyCorp reissued a “buy” rating and set a $74.00 target price on shares of Activision Blizzard in a report on Tuesday, October 17th. SunTrust Banks set a $72.00 target price on shares of Activision Blizzard and gave the stock a “buy” rating in a report on Sunday, October 29th. Finally, Wedbush set a $75.00 target price on shares of Activision Blizzard and gave the stock a “buy” rating in a report on Thursday, October 26th. Six equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $71.75.

Shares of Activision Blizzard (NASDAQ:ATVI) opened at $68.32 on Tuesday. The firm has a market cap of $50,719.16, a price-to-earnings ratio of 189.78, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11. Activision Blizzard has a twelve month low of $44.47 and a twelve month high of $74.94. The company has a current ratio of 1.78, a quick ratio of 1.77 and a debt-to-equity ratio of 0.46.

Activision Blizzard (NASDAQ:ATVI) last issued its earnings results on Thursday, February 8th. The company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.02. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Activision Blizzard had a net margin of 3.89% and a return on equity of 17.48%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 earnings per share.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in Activision Blizzard by 5.8% during the fourth quarter. BlackRock Inc. now owns 54,967,203 shares of the company’s stock valued at $3,480,525,000 after acquiring an additional 2,992,193 shares in the last quarter. Egerton Capital UK LLP raised its position in Activision Blizzard by 22.0% during the fourth quarter. Egerton Capital UK LLP now owns 11,051,017 shares of the company’s stock valued at $699,750,000 after acquiring an additional 1,991,213 shares in the last quarter. Bank of New York Mellon Corp raised its position in Activision Blizzard by 7.4% during the fourth quarter. Bank of New York Mellon Corp now owns 8,026,958 shares of the company’s stock valued at $508,266,000 after acquiring an additional 550,833 shares in the last quarter. Boston Partners raised its position in Activision Blizzard by 0.5% during the third quarter. Boston Partners now owns 6,778,871 shares of the company’s stock valued at $437,305,000 after acquiring an additional 33,114 shares in the last quarter. Finally, Carmignac Gestion raised its position in Activision Blizzard by 0.5% during the third quarter. Carmignac Gestion now owns 5,920,188 shares of the company’s stock valued at $381,911,000 after acquiring an additional 26,761 shares in the last quarter. 85.61% of the stock is owned by institutional investors and hedge funds.

In other news, CEO of King Digital Entertainment Riccardo Zacconi sold 19,761 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $63.64, for a total value of $1,257,590.04. Following the completion of the sale, the insider now directly owns 41,435 shares of the company’s stock, valued at $2,636,923.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.12% of the stock is owned by corporate insiders.

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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.

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