Activision Blizzard (ATVI) Given a $78.00 Price Target at Barclays

Activision Blizzard (NASDAQ:ATVI) has been given a $78.00 price objective by equities researchers at Barclays in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Barclays’ target price indicates a potential upside of 45.31% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Needham & Company LLC boosted their price objective on shares of Activision Blizzard from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Wedbush set a $81.00 price objective on shares of Activision Blizzard and gave the company a “buy” rating in a research report on Thursday, July 26th. BidaskClub downgraded shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th. Argus reaffirmed a “buy” rating and set a $90.00 price objective (up from $81.00) on shares of Activision Blizzard in a research report on Friday, September 21st. Finally, BTIG Research boosted their price objective on shares of Activision Blizzard from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, October 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Activision Blizzard currently has an average rating of “Buy” and an average price target of $78.03.

ATVI traded down $9.11 on Friday, reaching $53.68. 10,524,769 shares of the company traded hands, compared to its average volume of 9,402,754. Activision Blizzard has a 52-week low of $57.29 and a 52-week high of $84.68. The company has a market capitalization of $48.98 billion, a PE ratio of 26.19, a PEG ratio of 1.71 and a beta of 1.11. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.96 and a current ratio of 2.98.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $68.70, for a total value of $1,357,580.70. Following the completion of the sale, the chief executive officer now directly owns 20,324 shares of the company’s stock, valued at $1,396,258.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.29% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Activision Blizzard by 16.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,524 shares of the company’s stock worth $345,000 after buying an additional 634 shares during the last quarter. Wetherby Asset Management Inc. lifted its stake in shares of Activision Blizzard by 7.8% in the second quarter. Wetherby Asset Management Inc. now owns 9,385 shares of the company’s stock worth $716,000 after buying an additional 680 shares during the last quarter. Mission Wealth Management LP lifted its stake in shares of Activision Blizzard by 13.5% in the second quarter. Mission Wealth Management LP now owns 6,174 shares of the company’s stock worth $471,000 after buying an additional 732 shares during the last quarter. Peregrine Capital Management LLC lifted its stake in shares of Activision Blizzard by 0.3% in the second quarter. Peregrine Capital Management LLC now owns 243,301 shares of the company’s stock worth $18,569,000 after buying an additional 735 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Activision Blizzard by 13.8% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 6,420 shares of the company’s stock worth $490,000 after buying an additional 780 shares during the last quarter. 86.92% of the stock is owned by institutional investors.

Activision Blizzard Company Profile

Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.

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Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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