Activision Blizzard, Inc. (NASDAQ:ATVI) Given Average Recommendation of “Hold” by Analysts

Shares of Activision Blizzard, Inc. (NASDAQ:ATVIGet Rating) have earned an average rating of “Hold” from the twenty-eight research firms that are currently covering the company, Marketbeat.com reports. Seventeen analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $97.69.

Several equities research analysts have recently weighed in on ATVI shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $95.00 price target on shares of Activision Blizzard in a research report on Wednesday, April 27th. StockNews.com started coverage on shares of Activision Blizzard in a research report on Thursday, March 31st. They issued a “hold” rating for the company.

In other Activision Blizzard news, CAO Jesse Yang sold 10,812 shares of the stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $78.68, for a total transaction of $850,688.16. Following the transaction, the chief accounting officer now directly owns 62,272 shares of the company’s stock, valued at $4,899,560.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.77% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in ATVI. Confluence Wealth Services Inc. acquired a new stake in shares of Activision Blizzard during the fourth quarter valued at about $25,000. MV Capital Management Inc. boosted its stake in shares of Activision Blizzard by 275.5% in the first quarter. MV Capital Management Inc. now owns 353 shares of the company’s stock valued at $28,000 after purchasing an additional 259 shares during the period. TAP Consulting LLC purchased a new position in shares of Activision Blizzard in the fourth quarter valued at approximately $30,000. KB Financial Partners LLC purchased a new position in shares of Activision Blizzard in the fourth quarter valued at approximately $30,000. Finally, Equitec Proprietary Markets LLC purchased a new position in shares of Activision Blizzard in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 83.11% of the company’s stock.

Activision Blizzard stock opened at $74.76 on Tuesday. The stock has a market cap of $58.45 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 2.11 and a beta of 0.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.45 and a quick ratio of 5.45. Activision Blizzard has a 1 year low of $56.40 and a 1 year high of $99.46. The firm has a 50-day moving average of $78.06 and a two-hundred day moving average of $75.06.

Activision Blizzard (NASDAQ:ATVIGet Rating) last released its quarterly earnings data on Monday, April 25th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.39). The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Activision Blizzard had a net margin of 29.82% and a return on equity of 12.70%. Activision Blizzard’s quarterly revenue was down 22.3% on a year-over-year basis. During the same period last year, the firm earned $0.69 earnings per share. Research analysts expect that Activision Blizzard will post 2.5 earnings per share for the current year.

Activision Blizzard Company Profile (Get Rating)

Activision Blizzard, Inc, together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products.

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Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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