Activision Blizzard Inc. (NASDAQ:ATVI)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group in a research report issued to clients and investors on Wednesday. They currently have a $55.00 price target on the stock. Jefferies Group’s target price would suggest a potential upside of 23.57% from the company’s current price.

Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Tuesday. Vetr lowered Activision Blizzard from a “hold” rating to a “sell” rating and set a $42.09 price target on the stock. in a research note on Tuesday, September 13th. Robert W. Baird reaffirmed an “outperform” rating and set a $46.00 price target on shares of Activision Blizzard in a research note on Thursday, September 8th. Bank of America Corp. reiterated a “hold” rating and issued a $44.00 price objective on shares of Activision Blizzard in a report on Tuesday, September 6th. Finally, Mizuho upped their price objective on Activision Blizzard from $46.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, September 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $44.05.

Shares of Activision Blizzard (NASDAQ:ATVI) opened at 44.51 on Wednesday. Activision Blizzard has a one year low of $26.49 and a one year high of $45.12. The firm has a market capitalization of $33.00 billion, a price-to-earnings ratio of 44.82 and a beta of 1.02. The stock’s 50 day moving average price is $41.99 and its 200 day moving average price is $38.19.

Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. Activision Blizzard had a return on equity of 14.49% and a net margin of 13.95%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The firm’s revenue for the quarter was up 112.0% compared to the same quarter last year. Analysts expect that Activision Blizzard will post $1.98 EPS for the current fiscal year.

In other news, COO Thomas Tippl sold 44,427 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $41.83, for a total value of $1,858,381.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert A. Kotick sold 4,588,775 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $40.51, for a total value of $185,891,275.25. Following the completion of the sale, the chief executive officer now directly owns 797,049 shares of the company’s stock, valued at $32,288,454.99. The disclosure for this sale can be found here. 25.23% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. HL Financial Services LLC boosted its stake in Activision Blizzard by 0.5% in the second quarter. HL Financial Services LLC now owns 11,447 shares of the company’s stock valued at $454,000 after buying an additional 61 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in Activision Blizzard by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 19,432 shares of the company’s stock valued at $770,000 after buying an additional 69 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in Activision Blizzard by 0.3% in the second quarter. Proficio Capital Partners LLC now owns 34,807 shares of the company’s stock valued at $1,402,000 after buying an additional 94 shares during the last quarter. Commonwealth Equity Services Inc boosted its stake in Activision Blizzard by 0.6% in the first quarter. Commonwealth Equity Services Inc now owns 28,206 shares of the company’s stock valued at $954,000 after buying an additional 157 shares during the last quarter. Finally, Conning Inc. boosted its stake in Activision Blizzard by 2.2% in the second quarter. Conning Inc. now owns 11,170 shares of the company’s stock valued at $443,000 after buying an additional 240 shares during the last quarter. 83.67% of the stock is owned by institutional investors.

Activision Blizzard Company Profile

Activision Blizzard, Inc is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company operates through Activision Publishing, Inc (Activision) and its subsidiaries, Blizzard Entertainment, Inc (Blizzard) and its subsidiaries, and Other segments.

5 Day Chart for NASDAQ:ATVI

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