Published: Fri, February 09, 2018
IT | By Jonathon Greene

The Analysts Set Activision Blizzard, Inc (ATVI) Target Price at $62.56

The Analysts Set Activision Blizzard, Inc (ATVI) Target Price at $62.56

Wells Fargo Mn stated it has 1.51M shares or 0.08% of all its holdings.

Activision Blizzard, Inc (NASDAQ:ATVI) has been given a consensus recommendation of "Buy" by the twenty-seven research firms that are covering the stock, MarketBeat Ratings reports. It has outperformed by 31.13% the S&P500.

Notably, while Activision and King both saw revenues and profits rise year-over-year, Blizzard saw a decrease, reporting about $105 million less in profits than it did during the same quarter a year prior. Investors must be aware that the higher the volatility the riskier the stock is to trade with. Tightening the gaze, stock performance for the last 5 trading days is -6.30%. About 32,449 shares traded. For the fourth quarter, analysts model earnings of 53 cents a share on sales of $1.82 billion; Activision expects first-quarter earnings of 47 cents a share on revenue of $1.82 billion; it expects adjusted earnings of 65 cents a share. Therefore 82% are positive. The rating was maintained by Wedbush on Friday, August 5 with "Outperform". Major expected news items are more important drivers of big moves in the stock price in the near future.

Activision Blizzard, Inc. has a 52 week low of $38.93 and a 52 week high of $74.94. The rating was maintained by Stifel Nicolaus on Monday, May 9 with "Buy". For investors, a positive change in price indicates an upward buying pressure or positive momentum while a negative change in price designates a downward momentum for that stock. The Price Index 12m for Activision Blizzard, Inc. (NASDAQ:ATVI) for 270,000 shares. The stock has a consensus rating of "Buy" and an average target price of $71.05. The firm has "Buy" rating given on Friday, May 6 by Benchmark. (NASDAQ:AAPL) earned "Buy" rating by Piper Jaffray on Tuesday, October 31. (NASDAQ:ATVI) for 4,848 shares. As per Wednesday, June 7, the company rating was maintained by Morgan Stanley. The firm has "Buy" rating by M Partners given on Friday, October 23. Its up 0.23, from 1.15 in 2017Q2.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the company's stock in a transaction that occurred on Friday, November 17th. Electronic Arts, which found itself in hot water regarding Star Wars: Battlefront II's use of microtransactions, reported $787 million in what it calls "live services" for the latest quarter. Quantitative Systematic Strategies Ltd Limited Liability Company holds 0.23% or 13,658 shares. (NASDAQ:ATVI). Walleye Trading Ltd Co stated it has 143,214 shares or 0.05% of all its holdings. Nj State Employees Deferred Compensation Plan reported 10,000 shares or 0.15% of all its holdings. Modera Wealth Management Ltd Com holds 0.07% or 3,829 shares in its portfolio. Principal Group Incorporated reported 1.15M shares. Jefferies Gp Ltd Liability Corporation owns 0.02% invested in Activision Blizzard, Inc. About 2.75M shares traded. Voloridge Investment Mngmt Limited Liability accumulated 0.08% or 235,839 shares. Retail Bank Of Nova Scotia reported 226,748 shares. Atlantic Trust Llc invested in 40,045 shares.

Since August 11, 2017, it had 0 insider purchases, and 1 sale for $1.21 million activity. The stock of Activision Blizzard, Inc.

Rathbone Brothers plc boosted its position in Activision Blizzard, Inc. Shares for $9.71M were sold by Durkin Dennis M on Friday, August 11. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Meritage Group Lp who had been investing in Dunkin Brands Group Inc for a number of months, seems to be less bullish one the $5.35 billion market cap company.

Checking in on some valuation rankings, Activision Blizzard, Inc. It is derived from the P/E - Price Earnings Ratio, in which the profit is replaced by cash flow.

Investors sentiment increased to 1.25 in Q3 2017. Its down 0.17, from 1.34 in 2017Q2. Spc Fin Inc holds 0.29% or 7,975 shares. 115 funds opened positions while 384 raised stakes. Hbk Sorce Advisory Limited Liability accumulated 0.03% or 3,391 shares. (NASDAQ:ATVI) for 223,399 shares. Tudor Invest Et Al reported 0.03% stake. Finance Advisers reported 41,281 shares. (NASDAQ:ATVI). Investec Asset Management owns 299,733 shares for 0.08% of their portfolio. Pnc Gp owns 105,232 shares. Similarly, investors look up the share price over 12 month periods. Maryland-based Lockheed Martin Investment Com has invested 0.1% in Activision Blizzard, Inc. Greenleaf reported 5,740 shares. (NASDAQ:DNKN) for 3.67 million shares.

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