Activision Blizzard (NASDAQ:ATVI) received a $83.00 target price from investment analysts at KeyCorp in a research note issued on Friday. The brokerage currently has a “buy” rating on the stock. KeyCorp’s price target suggests a potential upside of 24.77% from the company’s current price.

Several other brokerages have also commented on ATVI. Stifel Nicolaus restated a “buy” rating and issued a $77.00 price objective on shares of Activision Blizzard in a report on Thursday, February 1st. Credit Suisse Group restated a “buy” rating and issued a $81.00 price objective on shares of Activision Blizzard in a report on Friday, January 26th. Vetr lowered shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $69.79 price target for the company. in a research note on Monday, January 29th. Needham & Company LLC increased their price target on shares of Activision Blizzard from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, SunTrust Banks set a $77.00 price target on shares of Activision Blizzard and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Six equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $71.35.

Shares of Activision Blizzard (NASDAQ:ATVI) traded up $0.69 during trading on Friday, hitting $66.52. 4,040,222 shares of the stock were exchanged, compared to its average volume of 6,151,188. Activision Blizzard has a 12 month low of $44.47 and a 12 month high of $74.94. The stock has a market cap of $49,770.00, a PE ratio of 45.62, a price-to-earnings-growth ratio of 1.91 and a beta of 1.11. The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44.

Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.02. Activision Blizzard had a net margin of 15.90% and a return on equity of 17.56%. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the prior year, the company earned $0.65 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. analysts predict that Activision Blizzard will post 2.13 earnings per share for the current year.

In other news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $63.64, for a total transaction of $1,257,590.04. Following the sale, 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 accessible through this hyperlink. Company insiders own 2.12% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ATVI. Schwab Charles Investment Management Inc. bought a new stake in Activision Blizzard in the fourth quarter worth $169,547,000. Egerton Capital UK LLP boosted its stake in shares of Activision Blizzard by 22.0% during the fourth quarter. Egerton Capital UK LLP now owns 11,051,017 shares of the company’s stock valued at $699,750,000 after purchasing an additional 1,991,213 shares during the period. Prudential Financial Inc. boosted its stake in shares of Activision Blizzard by 108.6% during the third quarter. Prudential Financial Inc. now owns 3,184,687 shares of the company’s stock valued at $205,444,000 after purchasing an additional 1,657,730 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Activision Blizzard by 25.6% during the third quarter. Bank of New York Mellon Corp now owns 7,476,125 shares of the company’s stock valued at $482,285,000 after purchasing an additional 1,523,740 shares during the period. Finally, Schroder Investment Management Group boosted its stake in shares of Activision Blizzard by 919.1% during the third quarter. Schroder Investment Management Group now owns 1,269,136 shares of the company’s stock valued at $80,641,000 after purchasing an additional 1,144,606 shares during the period. 86.04% of the stock is currently owned by hedge funds and other institutional investors.

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Activision Blizzard Company Profile

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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