Activision Blizzard (ATVI) Shares Gap Up to $69.24

Activision Blizzard, Inc. (NASDAQ:ATVI)’s share price gapped up before the market opened on Friday . The stock had previously closed at $70.19, but opened at $69.24. Activision Blizzard shares last traded at $70.37, with a volume of 4130514 shares changing hands.

Several equities analysts have recently issued reports on ATVI shares. Buckingham Research started coverage on shares of Activision Blizzard in a report on Wednesday, September 20th. They set a “buy” rating and a $79.00 target price for the company. BMO Capital Markets reiterated a “market perform” rating and set a $62.00 target price (up from $60.00) on shares of Activision Blizzard in a report on Wednesday, September 20th. Robert W. Baird reiterated an “outperform” rating and set a $68.00 target price on shares of Activision Blizzard in a report on Wednesday, September 20th. Vetr upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.25 target price for the company in a report on Wednesday, September 27th. Finally, Barclays started coverage on shares of Activision Blizzard in a report on Wednesday, October 4th. They set an “equal weight” rating and a $65.00 target price for the company. Seven research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $69.91.

The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $53,200.00, a PE ratio of 48.19, a P/E/G ratio of 1.94 and a beta of 1.02.

In other news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $63.64, for a total transaction of $1,257,590.04. Following the completion of the sale, the chief executive officer now owns 41,435 shares of the company’s stock, valued at approximately $2,636,923.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.12% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. grew its position in shares of Activision Blizzard by 0.4% during the 2nd quarter. Macquarie Group Ltd. now owns 12,345 shares of the company’s stock valued at $711,000 after acquiring an additional 45 shares during the period. D.A. Davidson & CO. grew its position in shares of Activision Blizzard by 0.7% during the 2nd quarter. D.A. Davidson & CO. now owns 8,926 shares of the company’s stock valued at $513,000 after acquiring an additional 58 shares during the period. Nordea Investment Management AB grew its position in shares of Activision Blizzard by 0.4% during the 2nd quarter. Nordea Investment Management AB now owns 60,106 shares of the company’s stock valued at $3,460,000 after acquiring an additional 243 shares during the period. Fiera Capital Corp grew its position in shares of Activision Blizzard by 6.2% during the 2nd quarter. Fiera Capital Corp now owns 6,814 shares of the company’s stock valued at $392,000 after acquiring an additional 400 shares during the period. Finally, Simmons Bank grew its position in shares of Activision Blizzard by 14.9% during the 2nd quarter. Simmons Bank now owns 5,449 shares of the company’s stock valued at $314,000 after acquiring an additional 706 shares during the period. 86.48% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Zolmax and is the property of of Zolmax. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://zolmax.com/investing/activision-blizzard-atvi-shares-gap-up-to-69-24/1884302.html.

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.

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

Latest News

Westlake Chemical  Earns Daily Coverage Optimism Score of 0.07
Westlake Chemical Earns Daily Coverage Optimism Score of 0.07
Somewhat Positive News Coverage Somewhat Unlikely to Impact Advanced Semiconductor Engnrng  Stock Price
Somewhat Positive News Coverage Somewhat Unlikely to Impact Advanced Semiconductor Engnrng Stock Price
SVB Financial Group  Given News Impact Score of 0.43
SVB Financial Group Given News Impact Score of 0.43
CVR Partners LP  Given Consensus Recommendation of “Hold” by Brokerages
CVR Partners LP Given Consensus Recommendation of “Hold” by Brokerages
Prologis  Earns Daily Media Sentiment Rating of 0.06
Prologis Earns Daily Media Sentiment Rating of 0.06
KKR & Co. L.P.  Receiving Somewhat Favorable News Coverage, Report Shows
KKR & Co. L.P. Receiving Somewhat Favorable News Coverage, Report Shows


Leave a Reply

 
© 2006-2018 Zolmax.