Vetr upgraded shares of Activision Blizzard (NASDAQ:ATVI) from a sell rating to a hold rating in a report released on Wednesday morning. They currently have $62.29 price objective on the stock.

Other research analysts also recently issued reports about the stock. Benchmark boosted their price objective on shares of Activision Blizzard from $71.00 to $74.00 and gave the company a buy rating in a research report on Friday, August 4th. Bank of America raised shares of Activision Blizzard from a neutral rating to a buy rating and boosted their price objective for the company from $65.00 to $76.00 in a research report on Friday, August 4th. UBS boosted their price objective on shares of Activision Blizzard from $67.00 to $72.00 and gave the company a buy rating in a research report on Sunday, August 6th. KeyCorp reissued a buy rating and set a $74.00 price objective on shares of Activision Blizzard in a research report on Friday, September 8th. Finally, BidaskClub raised shares of Activision Blizzard from a hold rating to a buy rating in a research report on Saturday, August 19th. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Activision Blizzard has a consensus rating of Buy and a consensus target price of $68.71.

Activision Blizzard (NASDAQ ATVI) opened at $62.01 on Wednesday. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44. The stock has a market cap of $49,879.89, a price-to-earnings ratio of 29.99, a price-to-earnings-growth ratio of 2.29 and a beta of 1.07. Activision Blizzard has a 1 year low of $35.12 and a 1 year high of $67.03.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $63.64, for a total value of $1,257,590.04. Following the completion of the transaction, the chief executive officer now owns 41,435 shares of the company’s stock, valued at approximately $2,636,923.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.12% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. BlackRock Inc. increased its position in shares of Activision Blizzard by 0.5% during the 2nd quarter. BlackRock Inc. now owns 49,147,427 shares of the company’s stock valued at $2,829,418,000 after purchasing an additional 235,362 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Activision Blizzard by 4.8% during the 2nd quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock valued at $2,786,211,000 after purchasing an additional 2,200,995 shares during the last quarter. State Street Corp increased its position in shares of Activision Blizzard by 4.7% during the 2nd quarter. State Street Corp now owns 26,680,585 shares of the company’s stock valued at $1,536,010,000 after purchasing an additional 1,197,980 shares during the last quarter. Capital World Investors increased its position in shares of Activision Blizzard by 23.8% during the 2nd quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock valued at $1,297,513,000 after purchasing an additional 4,327,000 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of Activision Blizzard by 82.6% during the 2nd quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock valued at $1,283,097,000 after purchasing an additional 10,083,717 shares during the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

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About Activision Blizzard

Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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