In yesterday’s Wall Street session, Activision Blizzard Inc. (NASDAQ:ATVI) shares traded at $74.10, up 0.39% from the previous session.
25 analysts cover Activision Blizzard Inc. (NASDAQ:ATVI), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $100.00 and a low of $78.00, we find $95.00. Given the previous closing price of $73.81, this indicates a potential upside of 28.71 percent. ATVI stock price is now 0.19% away from the 50-day moving average and -4.60% away from the 200-day moving average. The market capitalization of the company currently stands at $57.77B.
The stock has received a hold rating from 10 analysts and a buy rating from 12. Brokers who have rated the stock have averaged $92.36 as their price target over the next twelve months.
With the price target maintained at $95, MKM Partners recently Upgraded its rating from Neutral to Buy for Activision Blizzard Inc. (NASDAQ: ATVI). On November 10, 2022, Raymond James Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $95, while ‘Atlantic Equities’ rates the stock as ‘Overweight’.
In other news, Alegre Daniel, President and COO sold 10,000 shares of the company’s stock on Sep 09. The stock was sold for $781,617 at an average price of $78.16. Upon completion of the transaction, the President and COO now directly owns 176,690 shares in the company, valued at $13.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 03, Chief Financial Officer ZERZA ARMIN sold 10,174 shares of the business’s stock. A total of $816,170 was realized by selling the stock at an average price of $80.22. This leaves the insider owning 186,117 shares of the company worth $13.79 million. Insiders disposed of 89,225 shares of company stock worth roughly $6.61 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ATVI stock. A new stake in Activision Blizzard Inc. shares was purchased by MAJ INVEST HOLDING A/S during the first quarter worth $112,452,000. JERICHO CAPITAL ASSET MANAGEMENT L.P. invested $103,147,000 in shares of ATVI during the first quarter. In the first quarter, CAPITOLIS ADVISORS LLC acquired a new stake in Activision Blizzard Inc. valued at approximately $88,920,000. CAPITAL RESEARCH GLOBAL INVESTORS acquired a new stake in ATVI for approximately $74,952,000. ANTARA CAPITAL LP purchased a new stake in ATVI valued at around $70,188,000 in the second quarter. In total, there are 1,699 active investors with 83.30% ownership of the company’s stock.
On Friday morning Activision Blizzard Inc. (NASDAQ: ATVI) stock kicked off with the opening price of $74.16. During the past 12 months, Activision Blizzard Inc. has had a low of $56.40 and a high of $86.90. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 5.80, and a quick ratio of 5.80. The fifty day moving average price for ATVI is $73.87 and a two-hundred day moving average price translates $77.65 for the stock.
The latest earnings results from Activision Blizzard Inc. (NASDAQ: ATVI) was released for Jun, 2022. According to the Electronic Gaming & Multimedia Company, earnings per share came in at $0.47, missing analysts’ expectations of $0.48 by -0.01. This compares to $0.82 EPS in the same period last year. The net profit margin was 22.80% and return on equity was 9.20% for ATVI. The company reported revenue of $1.78 billion for the quarter, compared to $2.07 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.91 percent. For the current quarter, analysts expect ATVI to generate $1.7B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/06/2022. Investors who held shares on 04/15/2022 were paid a $0.47 dividend. On an annualized basis, this represents a $0.47 dividend and a 0.63% percent yield. There was an ex-dividend date of 04/13/2022 for this dividend. In terms of dividend payout ratio, ATVI is presently at 21.90%.
Activision Blizzard Inc.(ATVI) Company Profile
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. The company also maintains a proprietary online gaming service, Battle.net that facilitates digital distribution of content, online social connectivity, and the creation of user-generated content. In addition, it operates esports leagues and offer digital advertising content; and provides warehousing, logistics, and sales distribution services to third-party publishers of interactive entertainment software, as well as manufacturers of interactive entertainment hardware products. The company’s key product franchises include Call of Duty, World of Warcraft, Diablo, Hearthstone, Overwatch, Overwatch League, and Candy Crush. It serves retailers and distributors, including mass-market retailers, consumer electronics stores, discount warehouses, and game specialty stores through third-party distribution and licensing arrangements. The company is headquartered in Santa Monica, California.