Activision Blizzard (NASDAQ:ATVI) had its target price trimmed by KeyCorp from $80.00 to $64.00 in a research report sent to investors on Friday, Marketbeat reports. The firm currently has an overweight rating on the stock.

A number of other equities research analysts also recently commented on the company. Stephens began coverage on Activision Blizzard in a research report on Thursday. They set an overweight rating and a $65.00 price objective for the company. BidaskClub upgraded Activision Blizzard from a sell rating to a hold rating in a research report on Thursday. Zacks Investment Research downgraded Activision Blizzard from a hold rating to a sell rating in a research report on Thursday, January 3rd. Piper Jaffray Companies cut their price objective on Activision Blizzard to $57.00 and set an overweight rating for the company in a research report on Friday, December 21st. Finally, ValuEngine upgraded Activision Blizzard from a sell rating to a hold rating in a research report on Friday, December 21st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $73.29.

Shares of NASDAQ:ATVI traded down $4.81 on Friday, reaching $46.54. 35,420,261 shares of the company traded hands, compared to its average volume of 11,967,760. Activision Blizzard has a fifty-two week low of $43.71 and a fifty-two week high of $84.68. The company has a market capitalization of $38.79 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 1.42 and a beta of 1.02. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.01 and a current ratio of 2.09.

Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings data on Thursday, November 8th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). Activision Blizzard had a net margin of 8.07% and a return on equity of 15.44%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the company posted $0.25 EPS. Activision Blizzard’s revenue was down 12.6% on a year-over-year basis. As a group, research analysts forecast that Activision Blizzard will post 2.35 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. IMS Capital Management acquired a new position in shares of Activision Blizzard in the third quarter worth $69,000. North Star Investment Management Corp. increased its stake in shares of Activision Blizzard by 1,900.0% in the fourth quarter. North Star Investment Management Corp. now owns 2,000 shares of the company’s stock worth $93,000 after acquiring an additional 1,900 shares during the last quarter. Asset Advisors Investment Management LLC acquired a new position in shares of Activision Blizzard in the third quarter worth $100,000. Ashburton Jersey Ltd acquired a new position in shares of Activision Blizzard in the second quarter worth $107,000. Finally, Cornerstone Advisors Inc. increased its stake in shares of Activision Blizzard by 29.6% in the third quarter. Cornerstone Advisors Inc. now owns 1,510 shares of the company’s stock worth $126,000 after acquiring an additional 345 shares during the last quarter. 89.66% of the stock is currently owned by institutional investors.

About Activision Blizzard

Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.

Featured Story: Ex-Dividend

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

Receive News & Ratings for Activision Blizzard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard and related companies with MarketBeat.com's FREE daily email newsletter.