Activision Blizzard (ATVI) – Investment Analysts’ Weekly Ratings Changes

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Several brokerages have updated their recommendations and price targets on shares of Activision Blizzard (NASDAQ: ATVI) in the last few weeks:

9/13/2016 – Activision Blizzard was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $42.09 price target on the stock.
9/12/2016 – Activision Blizzard had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $55.00 price target on the stock.
9/8/2016 – Activision Blizzard had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $46.00 price target on the stock.
9/7/2016 – Activision Blizzard was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $42.09 price target on the stock.
9/6/2016 – Activision Blizzard had its price target raised by analysts at Mizuho from $46.00 to $48.00. They now have a “buy” rating on the stock.
9/6/2016 – Activision Blizzard had its “hold” rating reaffirmed by analysts at Bank of America Corp.. They now have a $44.00 price target on the stock.
9/6/2016 – Activision Blizzard had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $55.00 price target on the stock.
9/5/2016 – Activision Blizzard was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $40.89 price target on the stock.
8/25/2016 – Activision Blizzard had its “buy” rating reaffirmed by analysts at Argus.
8/23/2016 – Activision Blizzard had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $45.00 price target on the stock.
8/22/2016 – Activision Blizzard had its “buy” rating reaffirmed by analysts at Jefferies Group.
8/10/2016 – Activision Blizzard had its “buy” rating reaffirmed by analysts at Benchmark Co..
8/10/2016 – Activision Blizzard was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $46.00 price target on the stock. According to Zacks, “ACTIVISION BLIZZARD, INC. is a worldwide pure-play online and console game publisher with leading market positions across all categories of the rapidly growing interactive entertainment software industry. Activision Blizzard’s portfolio includes best-selling video games such as Guitar Hero, Call of Duty, and Tony Hawk, as well as Spider-Man, X-Men, Shrek, James Bond and TRANSFORMERS, leading franchises such as Crash Bandicoot and Spyro and Blizzard Entertainment’s StarCraft, Diablo, and Warcraft franchises including the global number one subscription-based massively multi-player online role-playing game, World of Warcraft. Activision Blizzard maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Ireland, Italy, Sweden, Spain, Norway, Denmark, the Netherlands, Romania, Australia, Chile, India, Japan, China, the region of Taiwan and South Korea. “
8/10/2016 – Activision Blizzard had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $38.00 price target on the stock.
8/8/2016 – Activision Blizzard had its price target raised by analysts at Stifel Nicolaus from $45.00 to $46.00. They now have a “buy” rating on the stock.
8/7/2016 – Activision Blizzard had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $46.00 price target on the stock, up previously from $43.00.
8/5/2016 – Activision Blizzard had its price target raised by analysts at Mizuho from $42.00 to $46.00. They now have a “buy” rating on the stock.
8/5/2016 – Activision Blizzard had its price target raised by analysts at Piper Jaffray Cos. from $42.00 to $46.00. They now have an “overweight” rating on the stock.
8/5/2016 – Activision Blizzard had its price target raised by analysts at Barclays PLC from $42.00 to $45.00. They now have an “overweight” rating on the stock.
8/5/2016 – Activision Blizzard had its price target raised by analysts at Wedbush from $43.00 to $48.00. They now have an “outperform” rating on the stock.
8/5/2016 – Activision Blizzard had its price target raised by analysts at Jefferies Group from $45.00 to $55.00. They now have a “buy” rating on the stock.
8/4/2016 – Activision Blizzard was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $42.00 price target on the stock.
8/1/2016 – Activision Blizzard was given a new $43.00 price target on by analysts at Wedbush. They now have a “buy” rating on the stock.
7/28/2016 – Activision Blizzard was downgraded by analysts at MKM Partners from a “buy” rating to a “neutral” rating. They now have a $42.00 price target on the stock, up previously from $40.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
7/28/2016 – Activision Blizzard was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $42.00 price target on the stock.
7/27/2016 – Activision Blizzard had its “overweight” rating reaffirmed by analysts at Piper Jaffray Cos.. They now have a $42.00 price target on the stock.
7/26/2016 – Activision Blizzard had its “neutral” rating reaffirmed by analysts at Bank of America Corp.. They now have a $44.00 price target on the stock.
7/18/2016 – Activision Blizzard had its “buy” rating reaffirmed by analysts at Jefferies Group.

Shares of Activision Blizzard Inc. (NASDAQ:ATVI) opened at 43.41 on Wednesday. The stock has a market cap of $32.19 billion, a price-to-earnings ratio of 43.72 and a beta of 1.02. The stock’s 50 day moving average price is $41.22 and its 200-day moving average price is $37.65. Activision Blizzard Inc. has a 1-year low of $26.49 and a 1-year high of $44.23.
Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.03. Activision Blizzard had a return on equity of 14.49% and a net margin of 13.95%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the firm earned $0.13 EPS. The business’s quarterly revenue was up 112.0% on a year-over-year basis. On average, equities research analysts forecast that Activision Blizzard Inc. will post $1.97 earnings per share for the current year.

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In related news, insider Christopher B. Walther sold 45,574 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $42.73, for a total value of $1,947,377.02. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Thomas Tippl sold 44,427 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $41.83, for a total value of $1,858,381.41. The disclosure for this sale can be found here. 25.23% of the stock is owned by corporate insiders.
Activision Blizzard, Inc is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company operates through Activision Publishing, Inc (Activision) and its subsidiaries, Blizzard Entertainment, Inc (Blizzard) and its subsidiaries, and Other segments.

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