Other research analysts also recently issued reports about the company. Vetr downgraded Activision Blizzard from a hold rating to a sell rating and set a $61.27 price target on the stock. in a research report on Monday, November 20th. Morgan Stanley boosted their price target on Activision Blizzard from $70.00 to $72.00 and gave the company an overweight rating in a research note on Friday, November 3rd. Barclays assumed coverage on Activision Blizzard in a research note on Wednesday, October 4th. They issued an equal weight rating and a $65.00 price target on the stock. Stifel Nicolaus reissued a buy rating on shares of Activision Blizzard in a research note on Sunday, September 10th. Finally, Goldman Sachs Group raised Activision Blizzard from a neutral rating to a buy rating in a research note on Tuesday, December 12th. Seven research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $69.91.
Activision Blizzard (NASDAQ ATVI) traded up $2.41 on Monday, hitting $69.24. The stock had a trading volume of 8,176,200 shares, compared to its average volume of 5,217,125. 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 52 week low of $38.38 and a 52 week high of $69.33. The stock has a market cap of $53,140.00, a P/E ratio of 47.42, a PEG ratio of 1.94 and a beta of 1.02.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Waverton Investment Management Ltd boosted its position in Activision Blizzard by 57.3% during the fourth quarter. Waverton Investment Management Ltd now owns 943,017 shares of the company’s stock valued at $59,712,000 after buying an additional 343,697 shares during the period. DnB Asset Management AS boosted its position in Activision Blizzard by 2.3% during the fourth quarter. DnB Asset Management AS now owns 79,753 shares of the company’s stock valued at $5,050,000 after buying an additional 1,800 shares during the period. New England Research & Management Inc. boosted its position in Activision Blizzard by 17.0% during the fourth quarter. New England Research & Management Inc. now owns 5,850 shares of the company’s stock valued at $370,000 after buying an additional 850 shares during the period. Abner Herrman & Brock LLC boosted its position in Activision Blizzard by 12.1% during the fourth quarter. Abner Herrman & Brock LLC now owns 97,168 shares of the company’s stock valued at $6,153,000 after buying an additional 10,526 shares during the period. Finally, QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in shares of Activision Blizzard during the fourth quarter worth about $1,171,000. Institutional investors and hedge funds 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.
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