Several other analysts also recently weighed in on ATVI. BMO Capital Markets lifted their price objective on Activision Blizzard from $60.00 to $65.00 and gave the company an outperform rating in a report on Monday, November 4th. KeyCorp restated an overweight rating and issued a $60.00 price objective on shares of Activision Blizzard in a report on Tuesday, July 30th. Nomura upgraded Activision Blizzard from a neutral rating to a buy rating and lifted their price objective for the company from $49.00 to $64.00 in a report on Thursday, September 12th. JPMorgan Chase & Co. lifted their price objective on Activision Blizzard from $58.00 to $62.00 and gave the company an overweight rating in a report on Friday, November 8th. Finally, Zacks Investment Research downgraded Activision Blizzard from a buy rating to a hold rating and set a $57.00 price objective for the company. in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $60.30.
Shares of ATVI stock traded up $0.74 on Tuesday, reaching $53.44. The company’s stock had a trading volume of 5,326,800 shares, compared to its average volume of 7,995,969. The company has a market capitalization of $40.20 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 2.35 and a beta of 0.87. Activision Blizzard has a 1 year low of $39.85 and a 1 year high of $57.52. The company has a current ratio of 3.43, a quick ratio of 3.38 and a debt-to-equity ratio of 0.22. The stock’s fifty day simple moving average is $54.49 and its 200-day simple moving average is $49.50.
In other news, COO Collister Johnson sold 3,800 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $52.43, for a total transaction of $199,234.00. Following the transaction, the chief operating officer now owns 280,983 shares in the company, valued at $14,731,938.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher B. Walther sold 5,333 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.83, for a total transaction of $271,076.39. The disclosure for this sale can be found here. Insiders sold 14,466 shares of company stock valued at $751,200 over the last quarter. 1.29% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Capital Investment Advisory Services LLC increased its holdings in shares of Activision Blizzard by 189.5% during the second quarter. Capital Investment Advisory Services LLC now owns 553 shares of the company’s stock valued at $25,000 after acquiring an additional 362 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management acquired a new position in shares of Activision Blizzard during the third quarter valued at about $28,000. Redhawk Wealth Advisors Inc. acquired a new position in shares of Activision Blizzard during the second quarter valued at about $29,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Activision Blizzard during the third quarter valued at about $29,000. Finally, Coastal Investment Advisors Inc. acquired a new position in shares of Activision Blizzard during the third quarter valued at about $37,000. Hedge funds and other institutional investors own 87.33% of the company’s stock.
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. It 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.
Further Reading: Bid-Ask Spread
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