Activision Blizzard (NASDAQ:ATVI) had its price objective increased by BMO Capital Markets from $40.00 to $43.00 in a report published on Wednesday morning, BenzingaRatingsTable reports. BMO Capital Markets currently has a market perform rating on the stock.

Several other brokerages also recently commented on ATVI. MKM Partners restated a neutral rating and set a $47.00 price objective (up from $45.00) on shares of Activision Blizzard in a research report on Friday, August 9th. KeyCorp restated an overweight rating and set a $60.00 price objective on shares of Activision Blizzard in a research report on Tuesday, July 30th. Goldman Sachs Group upgraded shares of Activision Blizzard from a neutral rating to a buy rating and raised their price objective for the company from $50.00 to $54.00 in a research report on Tuesday, May 28th. Citigroup began coverage on shares of Activision Blizzard in a research report on Friday, June 7th. They set a neutral rating and a $47.00 price objective on the stock. Finally, William Blair restated an outperform rating on shares of Activision Blizzard in a research report on Friday, May 3rd. Twelve research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $59.68.

Shares of ATVI stock traded down $0.10 on Wednesday, hitting $45.16. 170,895 shares of the stock traded hands, compared to its average volume of 6,763,880. The stock has a market cap of $36.11 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 2.06 and a beta of 0.90. Activision Blizzard has a 52 week low of $39.85 and a 52 week high of $84.68. The business has a 50 day moving average price of $47.41. The company has a current ratio of 2.63, a quick ratio of 2.61 and a debt-to-equity ratio of 0.23.

Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.14. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Activision Blizzard had a net margin of 23.69% and a return on equity of 15.81%. The company’s revenue was down 12.9% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. Analysts forecast that Activision Blizzard will post 2.01 earnings per share for the current fiscal year.

In other news, insider Christopher B. Walther sold 11,333 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $47.91, for a total value of $542,964.03. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christopher B. Walther sold 5,333 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $50.34, for a total transaction of $268,463.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,999 shares of company stock worth $914,079. Insiders own 1.29% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Massey Quick Simon & CO. LLC bought a new stake in shares of Activision Blizzard in the 1st quarter worth about $25,000. Capital Investment Advisory Services LLC increased its holdings in shares of Activision Blizzard by 189.5% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 553 shares of the company’s stock worth $25,000 after buying an additional 362 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Activision Blizzard in the 1st quarter worth about $27,000. Redhawk Wealth Advisors Inc. bought a new stake in shares of Activision Blizzard in the 2nd quarter worth about $29,000. Finally, Thor Advisors LLC bought a new stake in shares of Activision Blizzard in the 1st quarter worth about $40,000. Hedge funds and other institutional investors own 86.34% of the company’s stock.

Activision Blizzard Company Profile

Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. It develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.

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Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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