Activision Blizzard, Inc. (NASDAQ:ATVI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Activision Blizzard, Inc. (NASDAQ:ATVIGet Rating) have been assigned an average rating of “Moderate Buy” from the sixteen research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $91.85.

ATVI has been the topic of a number of analyst reports. MKM Partners raised shares of Activision Blizzard from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Tuesday, November 15th. Robert W. Baird raised shares of Activision Blizzard from a “neutral” rating to an “outperform” rating and set a $95.00 price objective on the stock in a report on Tuesday, November 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Activision Blizzard from $84.00 to $83.00 in a research note on Wednesday, November 16th. StockNews.com cut shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Wednesday, January 18th. Finally, Wells Fargo & Company raised shares of Activision Blizzard from an “equal weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research note on Monday, November 28th.

Activision Blizzard Price Performance

Shares of ATVI stock opened at $75.11 on Wednesday. The company has a market capitalization of $58.78 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 2.24 and a beta of 0.47. The firm has a fifty day simple moving average of $75.80 and a 200-day simple moving average of $76.20. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 0.19. Activision Blizzard has a twelve month low of $70.94 and a twelve month high of $82.00.

Activision Blizzard (NASDAQ:ATVIGet Rating) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.16. Activision Blizzard had a net margin of 22.75% and a return on equity of 9.64%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.70 billion. Equities research analysts anticipate that Activision Blizzard will post 2.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ATVI. FMR LLC boosted its holdings in shares of Activision Blizzard by 39.8% during the second quarter. FMR LLC now owns 19,689,007 shares of the company’s stock worth $1,532,987,000 after purchasing an additional 5,605,802 shares during the period. Deutsche Bank AG lifted its stake in Activision Blizzard by 11.0% in the second quarter. Deutsche Bank AG now owns 9,002,362 shares of the company’s stock valued at $700,921,000 after acquiring an additional 892,599 shares during the last quarter. Franklin Resources Inc. lifted its stake in Activision Blizzard by 23.2% in the second quarter. Franklin Resources Inc. now owns 7,005,620 shares of the company’s stock valued at $545,458,000 after acquiring an additional 1,317,161 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in Activision Blizzard by 81.1% in the third quarter. UBS Asset Management Americas Inc. now owns 6,493,127 shares of the company’s stock valued at $482,699,000 after acquiring an additional 2,906,994 shares during the last quarter. Finally, Flossbach Von Storch AG lifted its stake in Activision Blizzard by 319.8% in the third quarter. Flossbach Von Storch AG now owns 6,157,296 shares of the company’s stock valued at $457,733,000 after acquiring an additional 4,690,448 shares during the last quarter. 79.34% of the stock is currently owned by institutional investors and hedge funds.

About Activision Blizzard

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Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. It operates through the following segments: Activision Publishing, Blizzard Entertainment, and King Digital Entertainment. The Activision Publishing segment delivers content through both premium and free-to-play offerings and generates revenue from full-game and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision products.

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