Activision Blizzard (NASDAQ:ATVI) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday.

ATVI has been the topic of a number of other research reports. Gabelli assumed coverage on shares of Activision Blizzard in a research report on Tuesday, December 4th. They set a “buy” rating and a $64.00 target price on the stock. Barclays raised shares of Activision Blizzard from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $79.00 to $86.00 in a research report on Monday, October 15th. MKM Partners cut their target price on shares of Activision Blizzard to $71.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 30th. Bank of America cut their target price on shares of Activision Blizzard from $77.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, November 9th. Finally, Jefferies Financial Group set a $85.00 target price on shares of Activision Blizzard and gave the company a “buy” rating in a research report on Saturday, November 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $73.29.

ATVI traded down $4.81 on Thursday, 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 one year low of $43.71 and a one year high of $84.68. The firm has a market capitalization of $38.79 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 1.42 and a beta of 1.02. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.09 and a quick ratio of 2.01.

Activision Blizzard (NASDAQ:ATVI) last posted its earnings results on Thursday, November 8th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Activision Blizzard had a net margin of 8.07% and a return on equity of 15.44%. The company’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS. On average, equities analysts anticipate that Activision Blizzard will post 2.35 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Van ECK Associates Corp acquired a new stake in Activision Blizzard in the 2nd quarter worth approximately $720,000. Laurion Capital Management LP boosted its stake in Activision Blizzard by 106.5% in the 2nd quarter. Laurion Capital Management LP now owns 19,165 shares of the company’s stock worth $1,463,000 after purchasing an additional 312,765 shares in the last quarter. First Republic Investment Management Inc. boosted its stake in Activision Blizzard by 30.1% in the 2nd quarter. First Republic Investment Management Inc. now owns 30,206 shares of the company’s stock worth $2,305,000 after purchasing an additional 6,986 shares in the last quarter. Natixis boosted its stake in Activision Blizzard by 6.9% in the 2nd quarter. Natixis now owns 109,649 shares of the company’s stock worth $8,368,000 after purchasing an additional 7,083 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Activision Blizzard by 18.5% in the 2nd quarter. Macquarie Group Ltd. now owns 98,644 shares of the company’s stock worth $7,528,000 after purchasing an additional 15,400 shares in the last quarter. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

Activision Blizzard Company Profile

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.

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Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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