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

Several other research analysts have also weighed in on the stock. Pacific Crest reiterated a “buy” rating on shares of Activision Blizzard in a report on Sunday, June 26th. Vetr lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating and set a $40.36 price objective on the stock. in a report on Tuesday, May 24th. Cowen and Company reiterated a “buy” rating on shares of Activision Blizzard in a report on Saturday, June 4th. Robert W. Baird reiterated an “outperform” rating and set a $42.00 price objective on shares of Activision Blizzard in a report on Monday, June 6th. Finally, Barclays PLC reiterated a “buy” rating on shares of Activision Blizzard in a report on Saturday, June 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the stock. Activision Blizzard presently has an average rating of “Buy” and an average target price of $44.05.

Activision Blizzard (NASDAQ:ATVI) opened at 44.51 on Wednesday. Activision Blizzard has a 52 week low of $26.49 and a 52 week high of $45.12. The stock has a market cap of $33.00 billion, a P/E ratio of 44.82 and a beta of 1.02. The company has a 50-day moving average of $41.99 and a 200-day moving average of $38.19.

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

In other Activision Blizzard news, COO Thomas Tippl sold 75,000 shares of the firm’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $43.76, for a total value of $3,282,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert J. Morgado sold 29,999 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $43.60, for a total value of $1,307,956.40. The disclosure for this sale can be found here. 25.23% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. FMR LLC boosted its stake in Activision Blizzard by 88.7% in the second quarter. FMR LLC now owns 105,342,767 shares of the company’s stock worth $4,174,735,000 after buying an additional 49,511,148 shares during the last quarter. Vanguard Group Inc. boosted its stake in Activision Blizzard by 3.6% in the second quarter. Vanguard Group Inc. now owns 33,277,915 shares of the company’s stock worth $1,318,803,000 after buying an additional 1,166,054 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Activision Blizzard by 45.0% in the second quarter. Ameriprise Financial Inc. now owns 30,276,592 shares of the company’s stock worth $1,199,862,000 after buying an additional 9,390,129 shares during the last quarter. State Street Corp boosted its stake in Activision Blizzard by 2.6% in the second quarter. State Street Corp now owns 19,349,183 shares of the company’s stock worth $766,806,000 after buying an additional 492,609 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Activision Blizzard by 4.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 14,279,811 shares of the company’s stock worth $565,909,000 after buying an additional 650,789 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

About Activision Blizzard

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.

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