Activision Blizzard (NASDAQ:ATVI) Now Covered by StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Activision Blizzard (NASDAQ:ATVI – Get Rating) in a research note issued on Thursday. The brokerage set a “hold” rating on the stock.

A number of other analysts also recently weighed in on ATVI. Robert W. Baird upgraded Activision Blizzard from a “neutral” rating to an “outperform” rating and set a $95.00 target price for the company in a research report on Tuesday, November 22nd. Truist Financial upgraded Activision Blizzard from a “hold” rating to a “buy” rating and upped their target price for the company from $79.00 to $81.00 in a research report on Monday, November 28th. Deutsche Bank Aktiengesellschaft upgraded Activision Blizzard from a “hold” rating to a “buy” rating and upped their price objective for the stock from $83.00 to $90.00 in a research report on Thursday, February 16th. Edward Jones upgraded Activision Blizzard from a “hold” rating to a “buy” rating in a research report on Tuesday, December 6th. Finally, Wedbush restated an “outperform” rating and set a $95.00 price objective on shares of Activision Blizzard in a research report on Friday, January 27th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.36.

Activision Blizzard Stock Performance

NASDAQ:ATVI opened at $78.99 on Thursday. The stock has a fifty day moving average price of $76.72 and a 200-day moving average price of $75.62. The company has a market cap of $61.95 billion, a price-to-earnings ratio of 41.14, a PEG ratio of 2.41 and a beta of 0.42. The company has a debt-to-equity ratio of 0.19, a quick ratio of 4.07 and a current ratio of 4.07. Activision Blizzard has a fifty-two week low of $70.94 and a fifty-two week high of $81.50.

Insiders Place Their Bets

In other Activision Blizzard news, COO Daniel Alegre sold 8,847 shares of the company’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $78.50, for a total value of $694,489.50. Following the completion of the transaction, the chief operating officer now owns 156,170 shares of the company’s stock, valued at approximately $12,259,345. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Activision Blizzard

Institutional investors and hedge funds have recently made changes to their positions in the stock. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Activision Blizzard in the third quarter valued at about $33,000. Activest Wealth Management increased its stake in shares of Activision Blizzard by 203.9% in the third quarter. Activest Wealth Management now owns 471 shares of the company’s stock valued at $35,000 after buying an additional 316 shares during the period. ICA Group Wealth Management LLC acquired a new stake in shares of Activision Blizzard in the fourth quarter valued at about $40,000. Fairfield Bush & CO. acquired a new stake in shares of Activision Blizzard in the first quarter valued at about $41,000. Finally, Evermay Wealth Management LLC increased its stake in shares of Activision Blizzard by 33.3% in the third quarter. Evermay Wealth Management LLC now owns 684 shares of the company’s stock valued at $51,000 after buying an additional 171 shares during the period. Institutional investors and hedge funds own 79.34% of the company’s stock.

About Activision Blizzard

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Activision Blizzard, Inc engages in the development and publication of entertainment content and services. It operates through the following segments: Activision Publishing Inc, Blizzard Entertainment Inc, and King Digital Entertainment. The Activision Publishing Inc segment delivers content through both premium and free-to-play offerings, as well as by licensing software to third-party or related-party companies that distribute Activision products.