Exane Derivatives Cuts Stock Position in Activision Blizzard, Inc. (NASDAQ:ATVI)

11 Août, 2019, 07:32 | Auteur: Auguste Feret
  • Exane Derivatives Cuts Stock Position in Activision Blizzard, Inc. (NASDAQ:ATVI)

Bank of America upgraded shares of Activision Blizzard (NASDAQ:ATVI) from a neutral rating to a buy rating in a research report released on Thursday, July 25th, BenzingaRatingsTable reports.

Our second quarter results exceeded our prior outlook for both revenue and earnings per share.

Credit Suisse analysts maintained an Outperform rating on the stock with a $64 target price, while UBS analysts kept a Buy rating on the stock and raised the price target from $52 to $56. They issued a "neutral" rating and a $49.00 target price for the company. Swedbank now owns 6,007,179 shares of the company's stock valued at $273,507,000 after acquiring an additional 1,063,547 shares during the period. The company had a trading volume of 10,668,183 shares, compared to its average volume of 9,549,983. Stifel Nicolaus maintained the shares of ATVI in report on Tuesday, February 19 with "Buy" rating.

For the last financial quarter, the company says it had 327m MAUs, a decline of five per cent on the 345m it reported for the three months ending March 31st, 2019.

More notable recent Activision Blizzard, Inc. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Analysts polled by Investing.com anticipated EPS of $0.26 on revenue of $1.19B. The company has a market cap of $35.69 billion, a P/E ratio of 20.64, a P/E/G ratio of 2.33 and a beta of 0.90.

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Looking ahead to the fiscal third quarter, the company expects to see EPS of $0.20 and revenues of $1.105. Activision Blizzard had a return on equity of 16.19% and a net margin of 23.90%.

Several institutional investors and hedge funds have recently bought and sold shares of ATVI. Moreover, Mason Street Advisors Limited Liability Corporation has 0.1% invested in Activision Blizzard, Inc. Grisanti Capital Management Ltd Llc holds 43,973 shares or 1.22% of its portfolio. Activision Blizzard had 22 analyst reports since February 13, 2019 according to SRatingsIntel. It is positive, as 89 investors sold Activision Blizzard, Inc. shares while 195 reduced holdings. MML Investors Services LLC now owns 26,203 shares of the company's stock valued at $1,220,000 after acquiring an additional 3,623 shares during the period. Swedbank raised its stake in Activision Blizzard by 21.5% in the 1st quarter. Activision Blizzard, Inc. has a 52 week low of $39.85 and a 52 week high of $84.68. They now have $56.00 price target on the stock, up from their previous price target of $54.00. $55.38's average target is 16.27% above currents $47.63 stock price. Also, insider Christopher B. Walther sold 5,333 shares of the company's stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $47.91, for a total transaction of $542,964.03. In the last quarter, insiders sold 21,332 shares of company stock worth $1,021,187. The disclosure for this sale can be found here. (NASDAQ:ATVI). Institute For Wealth Ltd owns 8,185 shares or 0.08% of their USA portfolio.

Since March 12, 2019, it had 1 insider purchase, and 0 sales for $4.30 million activity.

In addition to its microtransaction success, Activision revealed that monthly active users for Black Ops 4 grew year-on-year over its predecessor, so the fact it didn't have a campaign doesn't seem to have made any difference to consumers. The firm develops, publishes, and sells interactive software products and entertainment content through retail channels or digital downloads; and downloadable content.

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