Research analysts at KeyCorp assumed coverage on shares of Activision Blizzard (NASDAQ:ATVI) in a report issued on Monday, The Fly reports. The firm set a “sector weight” rating on the stock.

ATVI has been the topic of several other reports. Piper Jaffray Companies set a $15.00 price objective on shares of BioCryst Pharmaceuticals and gave the company a “buy” rating in a research report on Monday, April 22nd. Zacks Investment Research downgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 9th. Nomura downgraded shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Thursday, June 6th. Bank of America downgraded shares of TAL Education Group from a “buy” rating to a “neutral” rating in a research report on Thursday. Finally, Stephens set a $37.00 price objective on shares of Talos Energy and gave the company a “buy” rating in a research report on Wednesday, May 22nd. Fourteen equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $60.10.

Shares of NASDAQ:ATVI traded up $0.46 during midday trading on Monday, reaching $48.45. The company’s stock had a trading volume of 4,333,222 shares, compared to its average volume of 9,594,853. The business has a 50 day moving average of $46.51. The stock has a market capitalization of $36.76 billion, a price-to-earnings ratio of 20.27, a P/E/G ratio of 2.39 and a beta of 0.90. The company has a quick ratio of 2.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.23. Activision Blizzard has a 12-month low of $39.85 and a 12-month high of $84.68.

Activision Blizzard (NASDAQ:ATVI) last released its earnings results on Thursday, May 2nd. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.13. Activision Blizzard had a net margin of 23.90% and a return on equity of 16.19%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the firm earned $0.38 EPS. The company’s revenue was down 8.7% compared to the same quarter last year. As a group, analysts predict that Activision Blizzard will post 1.98 EPS for the current fiscal year.

In other news, insider Christopher B. Walther sold 2,333 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $45.91, for a total value of $107,108.03. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Christopher B. Walther sold 11,333 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $47.91, for a total transaction of $542,964.03. The disclosure for this sale can be found here. Insiders have sold a total of 15,999 shares of company stock worth $752,724 in the last 90 days. Company insiders own 1.31% of the company’s stock.

Several large investors have recently modified their holdings of ATVI. Manning & Napier Group LLC bought a new position in shares of Activision Blizzard in the 2nd quarter worth approximately $118,438,000. Lazard Asset Management LLC lifted its stake in shares of Activision Blizzard by 543.4% in the 1st quarter. Lazard Asset Management LLC now owns 2,116,010 shares of the company’s stock worth $96,341,000 after purchasing an additional 1,787,120 shares during the period. DNB Asset Management AS lifted its stake in shares of Activision Blizzard by 98.7% in the 1st quarter. DNB Asset Management AS now owns 2,472,661 shares of the company’s stock worth $112,580,000 after purchasing an additional 1,228,348 shares during the period. Swedbank lifted its stake in shares of Activision Blizzard by 21.5% in the 1st quarter. Swedbank now owns 6,007,179 shares of the company’s stock worth $273,507,000 after purchasing an additional 1,063,547 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Activision Blizzard by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 9,116,102 shares of the company’s stock worth $423,741,000 after purchasing an additional 626,387 shares during the period. Hedge funds and other institutional investors own 86.58% 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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