Activision Blizzard (NASDAQ:ATVI) had its target price increased by Macquarie from $64.00 to $68.00 in a note issued to investors on Wednesday. The firm presently has an “outperform” rating on the stock. Macquarie’s target price would indicate a potential upside of 2.66% from the company’s current price.
Other analysts have also recently issued reports about the stock. BTIG Research initiated coverage on shares of Activision Blizzard in a report on Monday, December 18th. They issued a “buy” rating and a $80.00 price target on the stock. Zacks Investment Research cut shares of Activision Blizzard from a “buy” rating to a “hold” rating in a report on Monday. KeyCorp set a $80.00 price target on shares of Activision Blizzard and gave the company a “buy” rating in a report on Monday. BidaskClub raised shares of Activision Blizzard from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $62.00 price target on shares of Activision Blizzard in a report on Thursday, November 2nd. Six investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Activision Blizzard currently has a consensus rating of “Buy” and a consensus price target of $69.94.
Shares of Activision Blizzard (ATVI) traded up $0.05 during mid-day trading on Wednesday, hitting $66.24. 696,882 shares of the stock traded hands, compared to its average volume of 4,843,317. The stock has a market capitalization of $49,960.00, a P/E ratio of 45.37, a PEG ratio of 1.94 and a beta of 1.02. The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44. Activision Blizzard has a fifty-two week low of $37.49 and a fifty-two week high of $67.40.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Cornerstone Advisors Inc. lifted its stake in Activision Blizzard by 321.5% during 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 in the last quarter. Physicians Financial Services Inc. lifted its stake in Activision Blizzard by 21.7% during the third quarter. Physicians Financial Services Inc. now owns 2,808 shares of the company’s stock valued at $124,000 after buying an additional 500 shares in the last quarter. Guardian Life Insurance Co. of America lifted its stake in Activision Blizzard by 1.9% during the first quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock valued at $133,000 after buying an additional 51 shares in the last quarter. Grove Bank & Trust lifted its stake in Activision Blizzard by 261.7% during 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 in the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new stake in Activision Blizzard during the second quarter valued at about $142,000. Hedge funds and other institutional investors own 86.48% of the company’s stock.
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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.
