Activision Blizzard, Inc (NASDAQ:ATVI) was downgraded by stock analysts at Vetr from a “hold” rating to a “sell” rating in a research note issued on Monday. They currently have a $59.97 price target on the stock. Vetr‘s target price suggests a potential downside of 8.43% from the stock’s previous close.

A number of other research firms have also recently issued reports on ATVI. Goldman Sachs Group, Inc. (The) began coverage on shares of Activision Blizzard in a research report on Friday, September 8th. They set a “neutral” rating and a $65.00 price objective on the stock. KeyCorp reissued a “buy” rating and set a $74.00 price objective on shares of Activision Blizzard in a research report on Friday, September 8th. Robert W. Baird reissued an “outperform” rating and set a $68.00 price objective on shares of Activision Blizzard in a research report on Wednesday, September 20th. Piper Jaffray Companies reissued an “overweight” rating and set a $69.00 price objective on shares of Activision Blizzard in a research report on Friday, September 8th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Activision Blizzard in a research report on Sunday, September 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Activision Blizzard has an average rating of “Buy” and a consensus target price of $67.91.

Shares of Activision Blizzard (NASDAQ:ATVI) opened at 65.49 on Monday. The firm has a 50 day moving average price of $63.15 and a 200 day moving average price of $60.02. The firm has a market cap of $49.44 billion, a P/E ratio of 44.22 and a beta of 1.10. Activision Blizzard has a 1-year low of $35.12 and a 1-year high of $66.58.

ILLEGAL ACTIVITY WARNING: “Activision Blizzard, Inc (ATVI) Rating Lowered to Sell at Vetr Inc.” was first reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://theolympiareport.com/2017/11/01/activision-blizzard-inc-atvi-rating-lowered-to-sell-at-vetr-inc.html.

In other news, Director Brian G. Kelly sold 98,879 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $61.87, for a total transaction of $6,117,643.73. Following the completion of the sale, the director now owns 189,791 shares in the company, valued at approximately $11,742,369.17. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brian G. Kelly sold 111,239 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $62.44, for a total transaction of $6,945,763.16. Following the sale, the director now 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 90 days, insiders have sold 4,074,879 shares of company stock valued at $252,196,001. 2.12% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in Activision Blizzard by 0.5% in the 2nd quarter. BlackRock Inc. now owns 49,147,427 shares of the company’s stock worth $2,829,418,000 after buying an additional 235,362 shares during the period. Vanguard Group Inc. boosted its holdings in Activision Blizzard by 4.8% in the 2nd quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock worth $2,786,211,000 after buying an additional 2,200,995 shares during the period. State Street Corp boosted its holdings in Activision Blizzard by 4.7% in the 2nd quarter. State Street Corp now owns 26,680,585 shares of the company’s stock worth $1,536,010,000 after buying an additional 1,197,980 shares during the period. Capital World Investors boosted its holdings in Activision Blizzard by 23.8% in the 2nd quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock worth $1,297,513,000 after buying an additional 4,327,000 shares during the period. Finally, Jennison Associates LLC boosted its holdings in Activision Blizzard by 82.6% in the 2nd quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock worth $1,283,097,000 after buying an additional 10,083,717 shares during the period. Institutional investors own 86.27% 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)

Receive News & Ratings for Activision Blizzard Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.