Activision Blizzard, Inc. Expected to Earn Q1 2019 Earnings of $0.55 Per Share (NASDAQ:ATVI)

Activision Blizzard, Inc. (NASDAQ:ATVI) – Research analysts at KeyCorp issued their Q1 2019 earnings per share (EPS) estimates for Activision Blizzard in a report issued on Monday, Zacks Investment Research reports. KeyCorp analyst E. Wingren anticipates that the company will post earnings per share of $0.55 for the quarter. KeyCorp currently has a “Buy” rating and a $80.00 target price on the stock. KeyCorp also issued estimates for Activision Blizzard’s Q2 2019 earnings at $0.56 EPS and Q3 2019 earnings at $0.75 EPS.

Other equities analysts also recently issued research reports about the company. Macquarie upped their target price on Activision Blizzard from $64.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday. Wedbush set a $75.00 target price on Activision Blizzard and gave the company a “buy” rating in a report on Thursday. Vetr downgraded Activision Blizzard from a “buy” rating to a “hold” rating and set a $69.64 target price for the company. in a report on Thursday. Jefferies Group upped their target price on Activision Blizzard from $80.00 to $82.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, Hilliard Lyons upgraded Activision Blizzard from an “underperform” rating to a “neutral” rating in a report on Wednesday, November 8th. Seven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Activision Blizzard has an average rating of “Buy” and a consensus target price of $69.91.

Shares of Activision Blizzard (NASDAQ ATVI) opened at $70.36 on Wednesday. The firm has a market capitalization of $53,199.20, a P/E ratio of 31.98, a PEG ratio of 2.06 and a beta of 1.02. Activision Blizzard has a 52 week low of $38.38 and a 52 week high of $70.71. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25.

Several large investors have recently modified their holdings of ATVI. Advisors Asset Management Inc. increased its holdings in shares of Activision Blizzard by 8.0% during the second quarter. Advisors Asset Management Inc. now owns 9,648 shares of the company’s stock valued at $555,000 after acquiring an additional 716 shares in the last quarter. Dupont Capital Management Corp bought a new position in shares of Activision Blizzard during the second quarter valued at $216,000. Columbus Circle Investors bought a new position in shares of Activision Blizzard during the second quarter valued at $3,205,000. Tocqueville Asset Management L.P. bought a new position in shares of Activision Blizzard during the second quarter valued at $288,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Activision Blizzard by 10.2% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,210,546 shares of the company’s stock valued at $127,261,000 after acquiring an additional 205,386 shares in the last quarter. Hedge funds and other institutional investors own 86.48% of the company’s stock.

In other news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $63.64, for a total transaction of $1,257,590.04. Following the completion of the transaction, the chief executive officer now directly owns 41,435 shares in the company, valued at $2,636,923.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.12% of the stock is currently owned by corporate insiders.

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About Activision Blizzard

Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.

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