Activision Blizzard (ATVI) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of Activision Blizzard (NASDAQ:ATVI) from a sell rating to a hold rating in a research report released on Thursday.

Several other equities analysts also recently weighed in on ATVI. Robert W. Baird lifted their target price on shares of Activision Blizzard from $81.00 to $85.00 and gave the stock an outperform rating in a research note on Thursday, September 13th. Argus reiterated a buy rating and set a $90.00 target price (up from $81.00) on shares of Activision Blizzard in a research report on Friday, September 21st. Piper Jaffray Companies reiterated an overweight rating and set a $88.00 target price on shares of Activision Blizzard in a research report on Wednesday, September 26th. Wedbush lifted their target price on shares of Activision Blizzard from $85.00 to $100.00 and gave the company an outperform rating in a research report on Monday, October 1st. Finally, Berenberg Bank started coverage on shares of Activision Blizzard in a research report on Friday, October 5th. They set a hold rating and a $80.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $70.76.

NASDAQ ATVI traded down $4.81 during trading hours on Thursday, reaching $46.54. 35,421,837 shares of the company were exchanged, compared to its average volume of 11,967,760. Activision Blizzard has a 1 year low of $43.71 and a 1 year high of $84.68. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.01 and a current ratio of 2.09. The company has a market capitalization of $38.79 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 1.42 and a beta of 1.02.



Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings data on Thursday, November 8th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Activision Blizzard had a return on equity of 15.44% and a net margin of 8.07%. The business’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the business posted $0.25 EPS. As a group, analysts forecast that Activision Blizzard will post 2.35 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue increased its stake in shares of Activision Blizzard by 5.0% in the fourth quarter. State of Alaska Department of Revenue now owns 123,604 shares of the company’s stock worth $5,756,000 after buying an additional 5,936 shares during the period. Cerebellum GP LLC purchased a new position in shares of Activision Blizzard in the fourth quarter worth $249,000. Moody National Bank Trust Division increased its stake in shares of Activision Blizzard by 0.5% in the fourth quarter. Moody National Bank Trust Division now owns 100,423 shares of the company’s stock worth $4,676,000 after buying an additional 530 shares during the period. North Star Investment Management Corp. increased its stake in shares of Activision Blizzard by 1,900.0% in the fourth quarter. North Star Investment Management Corp. now owns 2,000 shares of the company’s stock worth $93,000 after buying an additional 1,900 shares during the period. Finally, Chesley Taft & Associates LLC purchased a new position in shares of Activision Blizzard in the fourth quarter worth $690,000. 89.66% of the stock is currently owned by institutional investors.

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. The company 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.

Featured Article: Why does a company issue an IPO?

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

Receive News & Ratings for Activision Blizzard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply