Activision Blizzard Inc. (NASDAQ:ATVI) shares traded -0.70% lower at $77.78 on Wall Street last session.
In accordance with the data, 24 analysts cover Activision Blizzard Inc. (NASDAQ:ATVI). 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 $82.00, we find $90.00. Given the previous closing price of $78.33, this indicates a potential upside of 14.9 percent. ATVI stock price is now -4.08% away from the 50-day moving average and 0.65% away from the 200-day moving average. The market capitalization of the company currently stands at $60.89B.
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It has been rated a hold by 4 analysts and a buy by 14. Brokers who have rated the stock have averaged $91.14 as their price target over the next twelve months.
On February 16, 2023, Deutsche Bank Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $83 to quote $90, while ‘Wedbush’ rates the stock as ‘Outperform’.
In other news, NOLAN PETER J, Director bought 13,160 shares of the company’s stock on May 03. The stock was bought for $1,000,005 at an average price of $75.99. Upon completion of the transaction, the Director now directly owns 174,777 shares in the company, valued at $13.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13, President and COO Alegre Daniel sold 8,847 shares of the business’s stock. A total of $694,490 was realized by selling the stock at an average price of $78.50. This leaves the insider owning 156,170 shares of the company worth $12.15 million. Insiders disposed of 141,400 shares of company stock worth roughly $11.0 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 ARISTOTLE CAPITAL MANAGEMENT, LLC during the first quarter worth $799,751,000. DORSAL CAPITAL MANAGEMENT, LLC invested $252,785,000 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 $93,336,000. SHANNON RIVER FUND MANAGEMENT LLC acquired a new stake in ATVI for approximately $38,957,000. TOMS CAPITAL INVESTMENT MANAGEMENT LP purchased a new stake in ATVI valued at around $34,962,000 in the second quarter. In total, there are 1,823 active investors with 83.10% ownership of the company’s stock.
Activision Blizzard Inc. (NASDAQ: ATVI) opened at $77.71 on Tuesday. During the past 12 months, Activision Blizzard Inc. has had a low of $70.94 and a high of $87.01. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 5.20, and a quick ratio of 5.20. According to the stock market information, the enterprise value for the company is $51.96B, which is based on a 33.10 price-to-earnings ratio, a 2.76 price-to-earnings-growth ratio, and a beta of 0.41. The fifty day moving average price for ATVI is $81.06 and a two-hundred day moving average price translates $77.27 for the stock.
The latest earnings results from Activision Blizzard Inc. (NASDAQ: ATVI) was released for Mar, 2023. According to the Electronic Gaming & Multimedia Company, earnings per share came in at $0.6, beating analysts’ expectations of $0.52 by 0.08. This compares to $0.50 EPS in the same period last year. The net profit margin was 22.80% and return on equity was 9.70% for ATVI. The company reported revenue of $2.38 billion for the quarter, compared to $1.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.79 percent. For the current quarter, analysts expect ATVI to generate $2.32B 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 0.60% 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 19.80%.
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.
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