Activision Blizzard, Inc. Expected to Earn FY2019 Earnings of $3.07 Per Share (NASDAQ:ATVI)

Activision Blizzard, Inc. (NASDAQ:ATVI) – Stock analysts at KeyCorp issued their FY2019 earnings per share estimates for Activision Blizzard in a report released on Monday, according to Zacks Investment Research. KeyCorp analyst E. Wingren forecasts that the company will post earnings per share of $3.07 for the year. KeyCorp has a “Buy” rating and a $80.00 price target on the stock.

ATVI has been the topic of a number of other reports. Vetr downgraded Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.27 price target on the stock. in a research report on Monday, November 20th. Morgan Stanley upped their target price on Activision Blizzard from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, November 3rd. Barclays assumed coverage on Activision Blizzard in a research report on Wednesday, October 4th. They issued an “equal weight” rating and a $65.00 target price on the stock. Wedbush set a $75.00 target price on Activision Blizzard and gave the company a “buy” rating in a research report on Thursday. Finally, Goldman Sachs Group raised Activision Blizzard from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 12th. 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 company presently has a consensus rating of “Buy” and a consensus target price of $69.91.

Activision Blizzard (ATVI) opened at $70.36 on Thursday. The stock has a market capitalization of $53,199.20, a price-to-earnings ratio of 31.98, a PEG ratio of 2.06 and a beta of 1.02. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44. Activision Blizzard has a 12-month low of $38.38 and a 12-month high of $70.71.

Several hedge funds have recently bought and sold shares of ATVI. Cornerstone Advisors Inc. boosted its stake in shares of Activision Blizzard by 321.5% during the 3rd quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock worth $100,000 after acquiring an additional 1,180 shares in the last quarter. Grove Bank & Trust boosted its stake in shares of Activision Blizzard by 261.7% during the 3rd quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock worth $140,000 after acquiring an additional 1,570 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Activision Blizzard by 16.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock worth $150,000 after acquiring an additional 363 shares in the last quarter. Phocas Financial Corp. purchased a new stake in shares of Activision Blizzard during the 2nd quarter worth about $173,000. Finally, BB&T Investment Services Inc. purchased a new stake in shares of Activision Blizzard during the 2nd quarter worth about $189,000. 86.48% of the stock is currently owned by institutional investors and hedge funds.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $63.64, for a total value of $1,257,590.04. Following the sale, the chief executive officer now directly owns 41,435 shares of the company’s stock, valued at $2,636,923.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.12% of the stock is currently owned by corporate insiders.

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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.

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