Saturday, 23 February, 2019

Activision Blizzard, Inc. (ATVI) Stock Price Hits 52-Week High Today

Sherri Watson | 03 November, 2017, 22:18

Private Capital Management Llc holds 2.27% of its portfolio in Charter Financial Corp for 782,415 shares. CCM Investment Advisers LLC now owns 176,593 shares of the company's stock valued at $8,804,000 after purchasing an additional 11,006 shares in the last quarter. Hl Financial Serv Ltd owns 11,371 shares. Suntrust Banks Inc holds 0.02% or 60,143 shares. The share price has already crossed its 20 days moving average, floating at a distance of 4.63% and sits 3% higher versus its 50 days moving average. Bankshares Of Nova Scotia stated it has 0.06% in Activision Blizzard, Inc. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 47.83% since November 3, 2016 and is uptrending. (NASDAQ:ATVI). Aureus Asset Mngmt Limited Liability Co holds 0.19% or 19,790 shares in its portfolio. Evercore Wealth Mgmt Ltd Llc invested in 2,559 shares. San Francisco Sentry Inv Grp (Ca) accumulated 13,490 shares.

Since May 16, 2017, it had 0 insider buys, and 1 insider sale for $1.10 million activity. Finally, TrueNorth Inc. lifted its holdings in Activision Blizzard by 271.4% during the first quarter. Finally, Benchmark Co. reaffirmed a "buy" rating and issued a $49.79 target price (up previously from $45.56) on shares of Activision Blizzard in a research report on Thursday, September 22nd. The 5 months bullish chart indicates low risk for the $47.58B company.

The stock increased 1.30% or $1.55 on November 3, reaching $121.05.

Year-over-year growth on the top line of roughly 3% and the slight decrease in the bottom line may not seem great, but that's primarily due to the timing of game releases. Institutional investors own 86.27% of the company's stock.

The company had seen its current volume reaching at 1.77 million shares in the last trade. Activision Blizzard, Inc. has had 14 insider trades in the last 3 months, including 4 open market buys and 10 sells. It has outperformed by 31.13% the S&P500.

Ratings analysis reveals 81% of Activision Blizzard's analysts are positive. Therefore 10% are positive. Activision Blizzard had 107 analyst reports since July 28, 2015 according to SRatingsIntel. Morgan Stanley maintained Activision Blizzard, Inc. On Wednesday, August 5 the stock rating was maintained by Mizuho with "Buy". It is up 10.55% since November 2, 2016 and is uptrending. The firm has "Overweight" rating given on Friday, August 7 by Pacific Crest. They set a "buy" rating and a $79.00 price target on the stock. On Monday, January 30 the stock rating was maintained by Barclays Capital with "Equal Weight". BMO Capital Markets initiated the shares of ATVI in report on Wednesday, April 27 with "Market Perform" rating. Macquarie Research maintained the shares of ATVI in report on Wednesday, November 4 with "Outperform" rating.

CFRA analyst Scott Kessler maintained his bearish call on Activision. (NASDAQ:ATVI) on Monday, August 8 with "Buy" rating. Dupont Corp owns 0% invested in Activision Blizzard, Inc.

Activision Blizzard today announced its financial results for the quarter ended September 30, 2017 and reported net revenue at a Q3 record of $1.62 billion, as compared with $1.57 billion during the same period a year ago, up 3% YoY. More interesting news about Activision Blizzard, Inc. Oppenheimer Holdings Inc. began coverage on shares of Activision Blizzard in a research report on Friday, October 14th. Earnings Preview: "What to Watch" published on October 26, 2017 as well as's news article titled: "Why Activision Is Now Expanding To Social Casino Games" with publication date: "October 09, 2017.

Let's have a look at some of the important valuation ratios of the Activision Blizzard, Inc (ATVI). The company has market cap of $304.36 million. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices.

Activision Blizzard, Inc (ATVI) now has P/E (Price to Earnings) ratio of 44.32 while the company's industry has 34.05 P/E and the sector P/E is 17.77. The Company's activities are organized into five divisions: News and Information Services; Book Publishing; Digital Real Estate Services; Cable Network Programming, and Other.

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