Activision Blizzard, Inc (ATVI) Stock Rating Reaffirmed by Jefferies Group LLC

Activision Blizzard, Inc (NASDAQ:ATVI)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Group LLC in a report released on Sunday. They presently have a $78.00 price target on the stock. Jefferies Group LLC’s price objective indicates a potential upside of 27.49% from the stock’s current price.

A number of other brokerages have also commented on ATVI. Goldman Sachs Group, Inc. (The) began coverage on Activision Blizzard in a research report on Friday, September 8th. They issued a “neutral” rating and a $65.00 price objective for the company. KeyCorp reiterated a “buy” rating and issued a $74.00 price objective on shares of Activision Blizzard in a research report on Friday, September 8th. Vetr lowered Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 price objective for the company. in a research report on Thursday, August 31st. Robert W. Baird reiterated an “outperform” rating and issued a $68.00 price objective on shares of Activision Blizzard in a research report on Wednesday, September 20th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $69.00 price objective on shares of Activision Blizzard in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $65.32.

Activision Blizzard (NASDAQ:ATVI) opened at 61.18 on Friday. The company has a market cap of $46.19 billion, a price-to-earnings ratio of 41.31 and a beta of 1.10. The stock’s 50 day moving average is $64.00 and its 200 day moving average is $58.59. Activision Blizzard has a 52-week low of $35.12 and a 52-week high of $66.58.

COPYRIGHT VIOLATION WARNING: This article was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://ledgergazette.com/2017/10/10/activision-blizzard-inc-atvi-stock-rating-reaffirmed-by-jefferies-group-llc.html.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $61.32, for a total value of $1,211,744.52. Following the sale, the chief executive officer now owns 48,472 shares in the company, valued at approximately $2,972,303.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dennis M. Durkin sold 160,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $60.68, for a total value of $9,708,800.00. Following the completion of the sale, the insider now owns 337,534 shares in the company, valued at approximately $20,481,563.12. The disclosure for this sale can be found here. Insiders sold a total of 4,074,879 shares of company stock worth $252,196,001 in the last 90 days. Company insiders own 2.12% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATVI. Guardian Life Insurance Co. of America lifted its stake in Activision Blizzard by 1.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock valued at $133,000 after acquiring an additional 51 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in Activision Blizzard in the 2nd quarter valued at approximately $142,000. Huntington National Bank lifted its stake in Activision Blizzard by 122.6% in the 2nd quarter. Huntington National Bank now owns 2,480 shares of the company’s stock valued at $143,000 after acquiring an additional 1,366 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in Activision Blizzard by 16.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the

A number of other brokerages have also commented on ATVI. Goldman Sachs Group, Inc. (The) began coverage on Activision Blizzard in a research report on Friday, September 8th. They issued a “neutral” rating and a $65.00 price objective for the company. KeyCorp reiterated a “buy” rating and issued a $74.00 price objective on shares of Activision Blizzard in a research report on Friday, September 8th. Vetr lowered Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 price objective for the company. in a research report on Thursday, August 31st. Robert W. Baird reiterated an “outperform” rating and issued a $68.00 price objective on shares of Activision Blizzard in a research report on Wednesday, September 20th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $69.00 price objective on shares of Activision Blizzard in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $65.32.

Activision Blizzard (NASDAQ:ATVI) opened at 61.18 on Friday. The company has a market cap of $46.19 billion, a price-to-earnings ratio of 41.31 and a beta of 1.10. The stock’s 50 day moving average is $64.00 and its 200 day moving average is $58.59. Activision Blizzard has a 52-week low of $35.12 and a 52-week high of $66.58.

COPYRIGHT VIOLATION WARNING: This article was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://ledgergazette.com/2017/10/10/activision-blizzard-inc-atvi-stock-rating-reaffirmed-by-jefferies-group-llc.html.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $61.32, for a total value of $1,211,744.52. Following the sale, the chief executive officer now owns 48,472 shares in the company, valued at approximately $2,972,303.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dennis M. Durkin sold 160,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $60.68, for a total value of $9,708,800.00. Following the completion of the sale, the insider now owns 337,534 shares in the company, valued at approximately $20,481,563.12. The disclosure for this sale can be found here. Insiders sold a total of 4,074,879 shares of company stock worth $252,196,001 in the last 90 days. Company insiders own 2.12% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATVI. Guardian Life Insurance Co. of America lifted its stake in Activision Blizzard by 1.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock valued at $133,000 after acquiring an additional 51 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in Activision Blizzard in the 2nd quarter valued at approximately $142,000. Huntington National Bank lifted its stake in Activision Blizzard by 122.6% in the 2nd quarter. Huntington National Bank now owns 2,480 shares of the company’s stock valued at $143,000 after acquiring an additional 1,366 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in Activision Blizzard by 16.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock valued at $150,000 after acquiring an additional 363 shares in the last quarter. Finally, Phocas Financial Corp. bought a new stake in Activision Blizzard in the 2nd quarter valued at approximately $173,000. Hedge funds and other institutional investors own 86.27% of the company’s stock.

About Activision Blizzard

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.

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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