Activision Blizzard (NASDAQ:ATVI) Lifted to “Outperform” at Robert W. Baird

Robert W. Baird upgraded shares of Activision Blizzard (NASDAQ:ATVIGet Rating) from a neutral rating to an outperform rating in a research note issued to investors on Tuesday morning, MarketBeat.com reports. Robert W. Baird currently has $95.00 target price on the stock.

Several other equities research analysts have also recently commented on ATVI. Moffett Nathanson raised shares of Activision Blizzard from a neutral rating to a buy rating and set a $95.00 target price for the company in a research report on Wednesday, August 3rd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Activision Blizzard from $84.00 to $83.00 in a research report on Wednesday, November 16th. TheStreet lowered shares of Activision Blizzard from a b rating to a c+ rating in a research note on Wednesday, September 21st. StockNews.com upgraded shares of Activision Blizzard from a hold rating to a buy rating in a research note on Friday, November 11th. Finally, MKM Partners upgraded shares of Activision Blizzard from a neutral rating to a buy rating and set a $95.00 price target for the company in a research note on Tuesday, November 15th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Activision Blizzard presently has a consensus rating of Moderate Buy and a consensus price target of $94.28.

Activision Blizzard Trading Up 1.4 %

NASDAQ:ATVI opened at $75.88 on Tuesday. The company has a 50-day moving average price of $73.78 and a 200-day moving average price of $76.63. Activision Blizzard has a 12 month low of $56.40 and a 12 month high of $86.90. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 0.19. The stock has a market cap of $59.39 billion, a price-to-earnings ratio of 35.62, a P/E/G ratio of 3.00 and a beta of 0.49.

Insider Buying and Selling at Activision Blizzard

In other news, COO Daniel Alegre sold 10,000 shares of Activision Blizzard stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $78.16, for a total value of $781,600.00. Following the completion of the sale, the chief operating officer now directly owns 176,690 shares in the company, valued at $13,810,090.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.

Institutional Trading of Activision Blizzard

A number of large investors have recently made changes to their positions in ATVI. Steward Partners Investment Advisory LLC grew its stake in shares of Activision Blizzard by 22.4% in the first quarter. Steward Partners Investment Advisory LLC now owns 5,105 shares of the company’s stock worth $409,000 after acquiring an additional 933 shares during the period. Mount Yale Investment Advisors LLC bought a new stake in shares of Activision Blizzard in the first quarter worth approximately $357,000. Waldron Private Wealth LLC grew its stake in shares of Activision Blizzard by 1.4% in the first quarter. Waldron Private Wealth LLC now owns 20,889 shares of the company’s stock worth $1,673,000 after acquiring an additional 293 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Activision Blizzard by 18.5% in the first quarter. Commonwealth Equity Services LLC now owns 120,953 shares of the company’s stock worth $9,689,000 after buying an additional 18,926 shares during the last quarter. Finally, Clearstead Advisors LLC boosted its holdings in shares of Activision Blizzard by 29.2% in the first quarter. Clearstead Advisors LLC now owns 4,579 shares of the company’s stock worth $367,000 after buying an additional 1,035 shares during the last quarter. 78.78% of the stock is currently owned by institutional investors.

Activision Blizzard Company Profile

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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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Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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