According to the information presented in TheStreetRatingsTable, equity research analysts from TheStreet lowered their rating of Activision Blizzard (NASDAQ: ATVI) from a “b” rating to a “c+” rating in a letter that was distributed to investors on Wednesday. Research papers on the stock, which has been attracting a lot of attention recently, have also recently been produced by other research analysts. The shares of Activision Blizzard were given an “overweight” rating by Atlantic Securities in a research report made accessible to the general public on Thursday, September 15th. In addition, they lowered the target price that they had set for the firm, which had previously been $95.00, to $84.00. Deutsche Bank Aktiengesellschaft revealed in a public research note on Thursday, August 4th, that they would reduce their price objective on Activision Blizzard shares from $95.00 to $84.00. Activision Blizzard was upgraded by Moffett Nathanson from “neutral” to “buy” in a research note published on Wednesday, August 3, and a price objective of $95.00 was set for the stock.
This was the last piece of good news regarding the corporation which came at this point. Nine financial analysts have provided the company with a buy recommendation, while fifteen others have given it a hold rating. According to data provided by Bloomberg, the stock has been given an average recommendation of “Hold,” and investors have projected a price target of $93.58 for the share price. ATVI shares began trading for the first time on Wednesday, and the opening price for those shares was $77.03. The previous year’s worth of Activision Blizzard fluctuated between $56.40 and $86.90. The price as of right now is $56.40. The stock price has averaged $78.82 over the previous 50 trading days, while over the last 200 trading days, it has averaged $78.39. All of the financial ratios, including the debt-to-equity ratio, the current ratio, and the quick ratio, all come out to 6.18 accordingly. The ratio of debt to equity is now at 0.20. The firm’s market capitalization is currently sitting at $60.26 billion, with a price-to-earnings ratio of 32.10, a price-to-earnings to growth ratio of 3.23, and a beta of 0.51.
Activision Blizzard (NASDAQ: ATVI) issued a press release on August 1, a Monday, announcing the publication of its quarterly financial results.
The company’s earnings per share for the quarter came in at $0.47, which was $0.09 better than the consensus forecast from analysts, which was $0.38. Activision Blizzard had a return on equity of 10.22% and a net margin of 24.57% for the company overall. The sales for the company for the quarter came in at $1.64 billion, which was much better than the experts’ average projection of $1.57 billion, the previous record for the company. The company reported a net income of $0.86 per share during the same period as the last year. Activision Blizzard’s quarterly revenue dropped by 14.6% annually compared to the previous year’s numbers. According to predictions made by market experts about the company’s financial performance, Activision Blizzard is expected to earn $2.44 per share in the current fiscal year.
In related news connected to Activision Blizzard, Chief Operating Officer Daniel Alegre completed a transaction on Friday, September 9th, in which he sold 10,000 shares of the business’s stock. This news comes as another piece of information regarding the company. The sale of the shares resulted in a total price of $781,600.00. This is based on the weighted average price of $78.16 per share. This was determined by multiplying the number of shares by the number of times they were sold.
Following the completion of the transaction, the chief operating officer will have a total of 176,690 shares in the company, which are estimated to have a value of approximately $13,810,090.40 at present. You will be able to get additional information regarding the transaction if you click on the link that has been provided to you. This link will take you to an official document presented to the Securities and Exchange Commission. Armin Zerza, Chief Financial Officer of the company, was involved in a transaction on August 3 in which he sold 10,174 shares of the company’s stock. Other occurrences occurred. The report of this transaction was made on August 3rd. The total amount received for the sale of the shares was $816,158.28, and the price paid on average for each share was $80.22. As a direct result of the transaction, the chief financial officer now owns 186,117 company shares, which have a combined value of approximately $14,930,305.74. On the Securities and Exchange Commission (SEC) website, you can currently see the information concerning the sale that was submitted to the SEC. In addition to that, on September 9th, Daniel Alegre, the company’s Chief Operating Officer, sold 10,000 of the company’s shares of stock. The selling of the shares resulted in total revenue of $781,600.00, with the average price at which each share was sold being $78.16. As a direct result of the transaction, the chief operating officer now owns 176,690 shares of the company’s stock. These shares have a value of around $13,810,090.40.
The disclosure about the purchase can be seen in this particular location. 1.10 percent of the total shares in circulation belong to the company’s insiders.
During the most recent period, a small number of hedge funds have made adjustments to the ATVI holdings that they have. In the last three months of 2018, Rockefeller Capital Management L.P. saw a rise of 12.8% in the number of Activision Blizzard shares it owned. After making additional purchases totaling 12,989 shares during the most recent fiscal quarter, Rockefeller Capital Management L.P. now has 114,084 shares of the company’s stock in its possession. These 114,084 individual shares of stock have a total value of $7,590,000. In addition, the percentage of ownership that Clearstead Advisors LLC holds in Activision Blizzard went up by 4.8% during the final three months of 2018. During the most recent reporting period, Clearstead Advisors LLC boosted its stake in the firm by 163 shares, bringing its total number of shares owned by the company to 3,544, with a market value of $236,000. During the last three months of 2018, ETF Managers Group LLC acquired an additional 27.1% of Activision Blizzard shares, bringing the total amount of the company’s stock that it owned to 100%. ETF Managers Group LLC now owns 37,594 shares, with a combined value of $2,537,000. This is due to the company’s purchasing an additional 8,016 shares during the prior quarter.
Activision Blizzard received a capital contribution of 333,000 dollars from Jag Capital Management LLC during the final three months of 2018. Over the most recent three months, William Allan LLC spent an additional 432,000 dollars to bolster its holdings in Activision Blizzard. Most of the company’s stock is owned by institutional investors and hedge funds, which account for 78.78% of the total.
The subsidiaries of Activision Blizzard, Inc. produce and provide interactive entertainment services and content throughout the areas of the Americas, Europe, the Middle East, and Africa, in addition to the Asia-Pacific region. Activision, Blizzard, and King are the three distinct divisions that can be extracted from the larger firm. In addition to selling game consoles, desktop computers, and mobile devices, the company also develops original content for these platforms and offers related services. In addition, it sells subscriptions, full games, and in-game goodies and licenses its software to firms that sell products created by Activision and Blizzard. It also makes money from the sale of entire games.