A number of other analysts have also issued reports on ATVI. Macquarie set a $58.00 price target on shares of Activision Blizzard and gave the stock a buy rating in a research report on Friday, October 18th. Jefferies Financial Group raised shares of Activision Blizzard to a buy rating and set a $65.00 price objective on the stock in a research report on Thursday, September 12th. Morgan Stanley boosted their price objective on shares of Activision Blizzard from $57.00 to $60.00 and gave the company an overweight rating in a research report on Tuesday, October 15th. Needham & Company LLC reiterated a buy rating and issued a $62.00 price objective on shares of Activision Blizzard in a research note on Friday, November 8th. Finally, Barclays set a $63.00 target price on shares of Activision Blizzard and gave the stock a buy rating in a research report on Monday, October 21st. One investment 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 stock. Activision Blizzard presently has an average rating of Buy and an average target price of $60.44.
Shares of ATVI stock opened at $54.59 on Friday. The company has a market capitalization of $42.12 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 2.46 and a beta of 0.84. 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 $54.48 and its 200-day simple moving average is $50.12.
In other news, COO Collister Johnson sold 3,800 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $52.43, for a total value of $199,234.00. Following the completion of the sale, the chief operating officer now directly owns 280,983 shares in the company, valued at $14,731,938.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher B. Walther sold 5,333 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $52.67, for a total transaction of $280,889.11. The disclosure for this sale can be found here. 1.31% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of ATVI. Nuveen Asset Management LLC bought a new stake in Activision Blizzard during the second quarter valued at about $422,191,000. Ruffer LLP bought a new stake in shares of Activision Blizzard in the second quarter valued at about $160,765,000. Viking Global Investors LP lifted its stake in shares of Activision Blizzard by 61.1% in the second quarter. Viking Global Investors LP now owns 7,908,859 shares of the company’s stock valued at $373,298,000 after buying an additional 2,999,492 shares during the period. Manning & Napier Group LLC acquired a new stake in Activision Blizzard during the second quarter worth about $118,438,000. Finally, Boston Partners grew its position in Activision Blizzard by 137.6% during the second quarter. Boston Partners now owns 3,710,600 shares of the company’s stock worth $175,148,000 after buying an additional 2,148,773 shares in the last quarter. Institutional investors and hedge funds own 88.56% of the company’s stock.
About Activision Blizzard
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.
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