Activision Blizzard, Inc (NASDAQ:ATVI) Stock Rating Lowered by Vetr Inc.

Vetr downgraded shares of Activision Blizzard, Inc (NASDAQ:ATVI) from a strong-buy rating to a buy rating in a research note released on Wednesday, July 12th. Vetr currently has $67.48 target price on the stock.

Several other equities research analysts also recently weighed in on the stock. UBS AG restated a buy rating and issued a $60.00 target price (up from $57.00) on shares of Activision Blizzard in a research note on Friday, May 5th. Wedbush set a $63.00 target price on shares of Activision Blizzard and gave the company a buy rating in a research note on Saturday, May 6th. Jefferies Group LLC restated a buy rating and issued a $68.00 target price on shares of Activision Blizzard in a research note on Thursday, June 8th. Robert W. Baird restated an outperform rating and issued a $47.00 target price on shares of Activision Blizzard in a research note on Sunday, April 2nd. Finally, Cowen and Company raised their target price on shares of Activision Blizzard from $51.00 to $59.00 and gave the company an outperform rating in a research note on Friday, May 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $62.36.

Shares of Activision Blizzard (ATVI) traded up 0.88% on Wednesday, hitting $60.74. The stock had a trading volume of 5,571,259 shares. The company has a 50-day moving average of $60.30 and a 200 day moving average of $53.02. The company has a market capitalization of $45.85 billion, a price-to-earnings ratio of 41.01 and a beta of 1.07. Activision Blizzard has a 52 week low of $35.12 and a 52 week high of $64.06.

COPYRIGHT VIOLATION WARNING: “Activision Blizzard, Inc (NASDAQ:ATVI) Stock Rating Lowered by Vetr Inc.” was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://www.com-unik.info/2017/08/12/vetr-inc-downgrades-activision-blizzard-inc-nasdaqatvi-to-buy-updated-updated-updated.html.

In related news, Director Brian G. Kelly sold 111,239 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $62.44, for a total transaction of $6,945,763.16. Following the transaction, the director now directly owns 189,791 shares in the company, valued at $11,850,550.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO of King Digital Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $55.45, for a total transaction of $1,095,747.45. Following the transaction, the insider now owns 55,509 shares in the company, valued at $3,077,974.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,914,879 shares of company stock worth $242,371,204. Company insiders own 2.12% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the company. Shine Investment Advisory Services Inc. acquired a new position in Activision Blizzard during the second quarter worth $142,000. Huntington National Bank raised its position in Activision Blizzard by 122.6% in the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after buying an additional 1,366 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in Activision Blizzard by 16.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock worth $150,000 after buying an additional 363 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in Activision Blizzard by 1.9% in the first quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock worth $133,000 after buying an additional 51 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in Activision Blizzard by 504.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,023 shares of the company’s stock worth $151,000 after buying an additional 2,523 shares during the last quarter. Hedge funds and other institutional investors own 87.37% of the company’s stock.

Activision Blizzard Company Profile

Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

What are top analysts saying about Activision Blizzard Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Activision Blizzard Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit