Robert W. Baird Upgrades Activision Blizzard (NASDAQ:ATVI) to Outperform

Robert W. Baird upgraded shares of Activision Blizzard (NASDAQ:ATVIGet Rating) from a neutral rating to an outperform rating in a research report released on Tuesday morning, Marketbeat.com reports. The brokerage currently has $95.00 price target on the stock.

Other research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Activision Blizzard from $84.00 to $83.00 in a research report on Wednesday, November 16th. StockNews.com raised shares of Activision Blizzard from a hold rating to a buy rating in a research note on Friday, November 11th. Atlantic Securities raised shares of Activision Blizzard from a neutral rating to an overweight rating and lowered their target price for the company from $95.00 to $84.00 in a research note on Thursday, September 15th. TheStreet lowered shares of Activision Blizzard from a b rating to a c+ rating in a research report on Wednesday, September 21st. Finally, Raymond James upgraded shares of Activision Blizzard from a market perform rating to an outperform rating and set a $95.00 price objective for the company in a research report on Thursday, November 10th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $94.28.

Activision Blizzard Price Performance

Shares of ATVI stock opened at $76.59 on Tuesday. The company has a market capitalization of $59.94 billion, a PE ratio of 35.96, a price-to-earnings-growth ratio of 3.07 and a beta of 0.49. The firm has a fifty day simple moving average of $73.78 and a 200-day simple moving average of $76.63. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 0.19. Activision Blizzard has a twelve month low of $56.40 and a twelve month high of $86.90.

Insider Buying and Selling

In related news, COO Daniel Alegre sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $78.16, for a total transaction of $781,600.00. Following the completion of the sale, the chief operating officer now directly owns 176,690 shares in the company, valued at $13,810,090.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Activision Blizzard

Several institutional investors have recently made changes to their positions in ATVI. US Bancorp DE raised its position in Activision Blizzard by 1.5% during the second quarter. US Bancorp DE now owns 73,157 shares of the company’s stock valued at $5,695,000 after acquiring an additional 1,078 shares in the last quarter. Wealthspire Advisors LLC raised its position in Activision Blizzard by 3.4% during the second quarter. Wealthspire Advisors LLC now owns 6,087 shares of the company’s stock valued at $474,000 after acquiring an additional 199 shares in the last quarter. Aviva PLC raised its position in Activision Blizzard by 2.7% during the first quarter. Aviva PLC now owns 269,056 shares of the company’s stock valued at $21,554,000 after acquiring an additional 7,104 shares in the last quarter. West Family Investments Inc. raised its position in Activision Blizzard by 21.6% during the first quarter. West Family Investments Inc. now owns 7,735 shares of the company’s stock valued at $620,000 after acquiring an additional 1,372 shares in the last quarter. Finally, BCK Capital Management LP bought a new position in Activision Blizzard during the first quarter valued at approximately $5,074,000. 78.78% of the stock is currently owned by institutional investors and hedge funds.

Activision Blizzard Company Profile

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Activision Blizzard, Inc, together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products.

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Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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