Activision Blizzard (NASDAQ:ATVI) Upgraded at Robert W. Baird

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

A number of other research firms also recently issued reports on ATVI. Deutsche Bank Aktiengesellschaft lowered their target price on Activision Blizzard from $84.00 to $83.00 in a research report on Wednesday, November 16th. Moffett Nathanson upgraded shares of Activision Blizzard from a neutral rating to a buy rating and set a $95.00 price target for the company in a report on Wednesday, August 3rd. MKM Partners upgraded shares of Activision Blizzard from a neutral rating to a buy rating and set a $95.00 price target for the company in a report on Tuesday, November 15th. Atlantic Securities upgraded Activision Blizzard from a neutral rating to an overweight rating and decreased their price objective for the company from $95.00 to $84.00 in a report on Thursday, September 15th. Finally, StockNews.com upgraded Activision Blizzard from a hold rating to a buy rating in a report on Friday, November 11th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $94.28.

Activision Blizzard Price Performance

Activision Blizzard stock opened at $76.59 on Tuesday. The business has a 50 day simple moving average of $73.78 and a 200 day simple moving average of $76.63. Activision Blizzard has a one year low of $56.40 and a one year high of $86.90. 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 company has a debt-to-equity ratio of 0.19, a current ratio of 5.76 and a quick ratio of 5.76.

Insider Activity at Activision Blizzard

In related news, COO Daniel Alegre sold 10,000 shares of the 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 transaction, the chief operating officer now owns 176,690 shares in the company, valued at $13,810,090.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

Institutional Trading of Activision Blizzard

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Toroso Investments LLC increased its stake in shares of Activision Blizzard by 5.4% in the third quarter. Toroso Investments LLC now owns 68,683 shares of the company’s stock worth $5,106,000 after purchasing an additional 3,523 shares in the last quarter. Eagle Bay Advisors LLC grew its stake in Activision Blizzard by 37.4% during the third quarter. Eagle Bay Advisors LLC now owns 1,246 shares of the company’s stock valued at $93,000 after acquiring an additional 339 shares in the last quarter. IHT Wealth Management LLC grew its stake in Activision Blizzard by 44.8% during the third quarter. IHT Wealth Management LLC now owns 4,417 shares of the company’s stock valued at $328,000 after acquiring an additional 1,366 shares in the last quarter. Coombe Bender & Co LLC lifted its position in Activision Blizzard by 3.1% during the third quarter. Coombe Bender & Co LLC now owns 36,258 shares of the company’s stock valued at $2,695,000 after purchasing an additional 1,090 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky bought a new position in Activision Blizzard during the third quarter valued at $5,333,000. 78.78% of the stock is owned by hedge funds and other institutional investors.

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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