Activision Blizzard, Inc. (NASDAQ:ATVI) Given Average Rating of “Hold” by Brokerages

Shares of Activision Blizzard, Inc. (NASDAQ:ATVIGet Rating) have been assigned a consensus recommendation of “Hold” from the twenty-nine research firms that are presently covering the firm, MarketBeat.com reports. Eighteen research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $97.10.

A number of analysts have weighed in on ATVI shares. Berenberg Bank lowered their target price on Activision Blizzard from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 12th. Zacks Investment Research upgraded Activision Blizzard from a “strong sell” rating to a “hold” rating and set a $84.00 price objective for the company in a report on Tuesday, March 15th. Exane BNP Paribas lowered Activision Blizzard from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $106.00 to $95.00 in a report on Wednesday, January 19th. Raymond James lowered Activision Blizzard from an “outperform” rating to a “market perform” rating in a report on Friday, January 21st. Finally, BNP Paribas lowered Activision Blizzard from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $106.00 to $95.00 in a report on Wednesday, January 19th.

Activision Blizzard stock traded down $1.10 during mid-day trading on Monday, reaching $75.60. 8,847,083 shares of the company were exchanged, compared to its average volume of 5,017,718. The business has a fifty day moving average of $79.66 and a 200 day moving average of $73.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 5.21 and a current ratio of 5.45. The firm has a market cap of $59.04 billion, a P/E ratio of 23.92, a PEG ratio of 1.61 and a beta of 0.55. Activision Blizzard has a 12-month low of $56.40 and a 12-month high of $99.46.

Activision Blizzard (NASDAQ:ATVIGet Rating) last posted its earnings results on Monday, April 25th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.07). The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Activision Blizzard had a return on equity of 12.70% and a net margin of 29.82%. The firm’s quarterly revenue was down 22.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. Sell-side analysts predict that Activision Blizzard will post 2.74 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 6th. Shareholders of record on Friday, April 15th will be given a dividend of $0.47 per share. This is an increase from Activision Blizzard’s previous quarterly dividend of $0.34. This represents a $1.88 annualized dividend and a yield of 2.49%. The ex-dividend date is Wednesday, April 13th. Activision Blizzard’s dividend payout ratio (DPR) is currently 14.87%.

In other news, CAO Jesse Yang sold 2,072 shares of the firm’s stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of $79.54, for a total transaction of $164,806.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Daniel Alegre sold 14,563 shares of the firm’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $79.66, for a total value of $1,160,088.58. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its stake in Activision Blizzard by 29.6% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 9,894 shares of the company’s stock valued at $792,000 after buying an additional 2,259 shares in the last quarter. Capital Advisory Group Advisory Services LLC purchased a new position in Activision Blizzard in the 1st quarter valued at about $149,000. Park Avenue Securities LLC lifted its stake in Activision Blizzard by 4.5% in the 1st quarter. Park Avenue Securities LLC now owns 11,863 shares of the company’s stock valued at $950,000 after buying an additional 506 shares in the last quarter. Sather Financial Group Inc purchased a new position in Activision Blizzard in the 1st quarter valued at about $1,444,000. Finally, Daiwa Securities Group Inc. lifted its stake in Activision Blizzard by 5.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 79,510 shares of the company’s stock valued at $6,369,000 after buying an additional 4,150 shares in the last quarter. Hedge funds and other institutional investors own 84.01% of the company’s stock.

Activision Blizzard Company Profile (Get Rating)

Activision Blizzard, Inc, together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products.

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