Activision Blizzard, Inc (ATVI) Stock Rating Reaffirmed by KeyCorp

Activision Blizzard, Inc (NASDAQ:ATVI)‘s stock had its “buy” rating reaffirmed by research analysts at KeyCorp in a research note issued on Tuesday. They presently have a $74.00 price target on the stock. KeyCorp’s price target suggests a potential upside of 20.33% from the company’s previous close.

A number of other analysts have also weighed in on ATVI. Benchmark Co. increased their target price on Activision Blizzard from $60.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, June 21st. Oppenheimer Holdings, Inc. increased their target price on Activision Blizzard from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, June 22nd. CIBC reiterated an “outperform” rating and issued a $70.00 target price (up previously from $60.00) on shares of Activision Blizzard in a research note on Thursday, June 22nd. Vetr upgraded Activision Blizzard from a “buy” rating to a “strong-buy” rating and set a $65.72 target price on the stock in a research note on Tuesday, June 27th. Finally, BidaskClub lowered Activision Blizzard from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have assigned a buy rating to the stock. Activision Blizzard presently has an average rating of “Buy” and a consensus target price of $65.33.

Activision Blizzard (NASDAQ:ATVI) traded down 1.72% during mid-day trading on Tuesday, reaching $60.44. 518,701 shares of the company traded hands. The company’s 50 day moving average price is $63.66 and its 200 day moving average price is $59.12. The firm has a market capitalization of $45.63 billion, a P/E ratio of 40.81 and a beta of 1.10. Activision Blizzard has a 12-month low of $35.12 and a 12-month high of $66.58.

COPYRIGHT VIOLATION WARNING: “Activision Blizzard, Inc (ATVI) Stock Rating Reaffirmed by KeyCorp” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/19/activision-blizzard-inc-atvi-stock-rating-reaffirmed-by-keycorp.html.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 48,472 shares of the company’s stock, valued at $2,972,303.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Brian G. Kelly sold 111,239 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $62.44, for a total value of $6,945,763.16. Following the completion of the sale, the director now directly owns 189,791 shares of the company’s stock, valued at approximately $11,850,550.04. The disclosure for this sale can be found here. In the last three months, insiders sold 4,074,879 shares of company stock valued at $252,196,001. Corporate insiders own 2.12% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Ardsley Advisory Partners purchased a new position in shares of Activision Blizzard in the second quarter worth about $403,000. Davidson Kempner Capital Management LP raised its stake in shares of Activision Blizzard by 15.4% in the second quarter. Davidson Kempner Capital Management LP now owns 375,000 shares of the company’s stock worth $21,585,000 after purchasing an additional 50,000 shares during the last quarter. W. E. Donoghue & Co. LLC purchased a new position in shares of Activision Blizzard in the second quarter worth about $2,182,000. Intl Fcstone Inc. purchased a new position in shares of Activision Blizzard in the second quarter worth about $276,000. Finally, Achmea Investment Management B.V. raised its stake in shares of Activision Blizzard by

A number of other analysts have also weighed in on ATVI. Benchmark Co. increased their target price on Activision Blizzard from $60.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, June 21st. Oppenheimer Holdings, Inc. increased their target price on Activision Blizzard from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, June 22nd. CIBC reiterated an “outperform” rating and issued a $70.00 target price (up previously from $60.00) on shares of Activision Blizzard in a research note on Thursday, June 22nd. Vetr upgraded Activision Blizzard from a “buy” rating to a “strong-buy” rating and set a $65.72 target price on the stock in a research note on Tuesday, June 27th. Finally, BidaskClub lowered Activision Blizzard from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have assigned a buy rating to the stock. Activision Blizzard presently has an average rating of “Buy” and a consensus target price of $65.33.

Activision Blizzard (NASDAQ:ATVI) traded down 1.72% during mid-day trading on Tuesday, reaching $60.44. 518,701 shares of the company traded hands. The company’s 50 day moving average price is $63.66 and its 200 day moving average price is $59.12. The firm has a market capitalization of $45.63 billion, a P/E ratio of 40.81 and a beta of 1.10. Activision Blizzard has a 12-month low of $35.12 and a 12-month high of $66.58.

COPYRIGHT VIOLATION WARNING: “Activision Blizzard, Inc (ATVI) Stock Rating Reaffirmed by KeyCorp” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/19/activision-blizzard-inc-atvi-stock-rating-reaffirmed-by-keycorp.html.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 48,472 shares of the company’s stock, valued at $2,972,303.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Brian G. Kelly sold 111,239 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $62.44, for a total value of $6,945,763.16. Following the completion of the sale, the director now directly owns 189,791 shares of the company’s stock, valued at approximately $11,850,550.04. The disclosure for this sale can be found here. In the last three months, insiders sold 4,074,879 shares of company stock valued at $252,196,001. Corporate insiders own 2.12% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Ardsley Advisory Partners purchased a new position in shares of Activision Blizzard in the second quarter worth about $403,000. Davidson Kempner Capital Management LP raised its stake in shares of Activision Blizzard by 15.4% in the second quarter. Davidson Kempner Capital Management LP now owns 375,000 shares of the company’s stock worth $21,585,000 after purchasing an additional 50,000 shares during the last quarter. W. E. Donoghue & Co. LLC purchased a new position in shares of Activision Blizzard in the second quarter worth about $2,182,000. Intl Fcstone Inc. purchased a new position in shares of Activision Blizzard in the second quarter worth about $276,000. Finally, Achmea Investment Management B.V. raised its stake in shares of Activision Blizzard by 15.4% in the second quarter. Achmea Investment Management B.V. now owns 33,562 shares of the company’s stock worth $1,931,000 after purchasing an additional 4,472 shares during the last quarter. Hedge funds and other institutional investors own 86.33% 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.

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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