Activision Blizzard (NASDAQ:ATVI)‘s stock had its “positive” rating reissued by stock analysts at Citigroup in a report issued on Monday, The Fly reports. They presently have a $87.00 price objective on the stock, up from their previous price objective of $78.00. Citigroup’s price target would suggest a potential upside of 11.22% from the company’s previous close.
A number of other equities research analysts have also weighed in on the company. Vetr lowered Activision Blizzard from a “hold” rating to a “sell” rating and set a $62.29 price target on the stock. in a research note on Tuesday, December 12th. SunTrust Banks set a $77.00 price target on Activision Blizzard and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Goldman Sachs Group upgraded Activision Blizzard from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Tuesday, January 2nd. Finally, KeyCorp set a $83.00 target price on Activision Blizzard and gave the company a “buy” rating in a research report on Friday, February 9th. Six research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $74.95.
Shares of Activision Blizzard (NASDAQ ATVI) opened at $78.22 on Monday. Activision Blizzard has a 52 week low of $47.80 and a 52 week high of $78.25. The firm has a market capitalization of $59,340.17, a PE ratio of 217.28, a PEG ratio of 2.08 and a beta of 1.10. The company has a current ratio of 1.78, a quick ratio of 1.77 and a debt-to-equity ratio of 0.46.
In other Activision Blizzard news, insider Stephen G. Wereb sold 120,521 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $72.38, for a total value of $8,723,309.98. Following the completion of the transaction, the insider now directly owns 48,511 shares of the company’s stock, valued at $3,511,226.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Corti sold 88,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $69.88, for a total value of $6,149,440.00. Following the completion of the transaction, the director now directly owns 129,562 shares of the company’s stock, valued at $9,053,792.56. The disclosure for this sale can be found here. Insiders sold 2,608,282 shares of company stock valued at $184,660,583 over the last three months. 2.12% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in ATVI. SeaCrest Wealth Management LLC acquired a new position in shares of Activision Blizzard during the 4th quarter worth approximately $125,000. Goodman Financial Corp acquired a new position in shares of Activision Blizzard during the 4th quarter worth approximately $127,000. Grove Bank & Trust raised its stake in shares of Activision Blizzard by 261.7% during the 3rd quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock worth $140,000 after buying an additional 1,570 shares during the period. James Hambro & Partners acquired a new position in shares of Activision Blizzard during the 4th quarter worth approximately $184,000. Finally, Exane Derivatives raised its stake in shares of Activision Blizzard by 15,900.0% during the 4th quarter. Exane Derivatives now owns 3,040 shares of the company’s stock worth $192,000 after buying an additional 3,021 shares during the period. 85.61% of the stock is owned by institutional investors.
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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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