KeyCorp Analysts Give Activision Blizzard (ATVI) a $83.00 Price Target

Monday, 09 Apr, 2018

The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.02.

Sg Americas Securities Llc decreased its stake in Activision Blizzard Inc Com (ATVI) by 19.5% based on its latest 2017Q4 regulatory filing with the SEC. Activision Blizzard Inc has $48.98B market cap. The stock decreased 2.89% or $0.55 during the last trading session, reaching $18.5. CI Global Investments Inc. now owns 69,123 shares of the company's stock valued at $4,377,000 after buying an additional 780 shares during the period. For the next year, analysts forecast that the firm will post earnings of $2.97 per share, with EPS estimates ranging from $2.74 to $3.29. It has outperformed by 56.74% the S&P500.

Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Thursday, February 8th. First Bancshares Of Hutchinson stated it has 9,785 shares. In the last ninety days, insiders have sold 2,701,258 shares of company stock valued at $191,727,094. About 4.60 million shares traded. (NASDAQ:ATVI). $8.72M worth of Activision Blizzard, Inc. ATVI outperformed the S&P500 by 22.91%.

Analysts await Trinity Industries, Inc. The firm's revenue for the quarter was up 7.7% compared to the same quarter a year ago. TRN's profit will be $33.18 million for 35.97 P/E if the $0.22 EPS becomes a reality.

Among 22 analysts covering Activision Blizzard (NASDAQ:ATVI), 17 have Buy rating, 0 Sell and 5 Hold. Therefore 95% are positive. On Wednesday, November 8 the firm earned "Neutral" rating by Hilliard Lyons. Stifel Nicolaus has "Buy" rating and $45 target. On Friday, November 3 the firm has "Buy" rating by Piper Jaffray given. On Monday, August 10 the stock rating was maintained by Piper Jaffray with "Overweight". Company insiders own 2.12% of the company's stock. RBC Capital Markets maintained Paychex, Inc. The rating was maintained by Jefferies with "Buy" on Friday, November 3. Citigroup initiated Trinity Industries, Inc. The firm has "Sell" rating given on Thursday, December 22 by Compass Point. The stock has "Sell" rating by Axiom Capital on Friday, June 16.

Paychex Inc (PAYX) investors sentiment decreased to 0.92 in 2017 Q4. It's down -0.50, from 0.5 in 2017Q3. Shares for $1.40M were sold by ZACCONI RICCARDO. 128.36 million shares or 4.41% more from 122.94 million shares in 2017Q3 were reported. Marsico Mgmt Ltd Com holds 1.01M shares. Bb&T Limited Liability Co owns 102,269 shares for 0.08% of their portfolio. Marshall Wace Llp accumulated 0.61% or 228,360 shares. Ls Inv invested in 0% or 655 shares. Whittier Tru Communications Of Nevada holds 26,925 shs or 0.15% of its capital. Federated Invsts Pa, Pennsylvania-based fund reported 170,796 shares. Dekabank Deutsche Girozentrale invested 0.21% of its capital in Activision Blizzard, Inc. State Of Alaska Department Of Revenue stated it has 0% of its portfolio in MarineMax, Inc. Moreover, Lone Pine Capital Llc has 5.66% invested in the company for 17.13 million shares. Natl Insur Company Tx reported 0.3% stake. (NYSE:HZO). Wells Fargo & Mn reported 0% in MarineMax, Inc. (NASDAQ:ATVI). Valley National Advisers Incorporated accumulated 0.01% or 250 shares. Capital Fund Mngmt reported 386,485 shares. It also increased its holding in Morgan Stanley (NYSE:MS) by 77,308 shares in the quarter, for a total of 303,700 shares, and has risen its stake in Olin Corp New (NYSE:OLN). 428.07 million shares or 0.02% less from 428.17 million shares in 2017Q3 were reported.

Since February 16, 2018, it had 0 insider buys, and 7 selling transactions for $157.83 million activity. Shares for $14.62 million were sold by Morhaime Michael. $5.41 million worth of stock was sold by Durkin Dennis M on Monday, March 12. Exane Derivatives now owns 3,040 shares of the company's stock valued at $192,000 after acquiring an additional 3,021 shares in the last quarter. (NASDAQ:ATVI) on Thursday, March 1. 20,000 shares were sold by MORGADO ROBERT J, worth $1.42 million. The shares were sold at an average price of $72.38, for a total value of $8,723,309.98. Wedbush set a $81.00 price objective on Activision Blizzard and gave the company a buy rating in a research report on Friday, February 9th. Activision Blizzard had 29 analyst reports since October 9, 2017 according to SRatingsIntel. (NASDAQ:ATVI) on Friday, February 9 with "Buy" rating. Macquarie Research has "Outperform" rating and $33 target. Activision Blizzard now has $48.98 billion valuation. (NASDAQ:ATVI) or 6,417 shares. Barclays Capital maintained the shares of ATVI in report on Friday, February 12 with "Overweight" rating. The stock has "Buy" rating by Mizuho on Tuesday, September 6. (NASDAQ:ATVI) earned "Buy" rating by Goldman Sachs on Tuesday, December 12. The company was maintained on Friday, October 27 by SunTrust.

Ratings analysis reveals 100% of Activision Blizzard's analysts are positive.

ATVI has been the subject of several other research reports. Lpl Fin Ltd Liability Corporation has 0.02% invested in Activision Blizzard, Inc.

Investors sentiment decreased to 1.18 in 2017 Q4. The company has a current ratio of 1.78, a quick ratio of 1.77 and a debt-to-equity ratio of 0.46. It dived, as 51 investors sold ATVI shares while 225 reduced holdings.

Zacks Investment Research upgraded shares of Activision Blizzard (NASDAQ:ATVI) from a hold rating to a buy rating in a research report released on Tuesday, March 13th. (NASDAQ:FOX). Amundi Pioneer Asset Mngmt Inc invested 0.02% of its portfolio in Twenty-First Century Fox, Inc. Bp Public Limited owns 79,000 shares. Trust Co. of Vermont increased its stake in Activision Blizzard by 46.8% in the second quarter. Emerald Advisers Pa holds 25,514 shares or 0.06% of its portfolio. Buckingham Asset Management Ltd Co holds 3,336 shares or 0.04% of its portfolio. At the end of 2017Q4, the hedge fund run by John Armitage held 11.05M shares of the technology company, priced at $699.75 million, up from 9.06 million at the end of the previous reported quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in Activision Blizzard by 129.4% during the 3rd quarter. (NASDAQ:ATVI). Boothbay Fund Limited has 43,337 shares for 0.4% of their portfolio. The Company operates through Activision Publishing, Inc (Activision) and its subsidiaries, Blizzard Entertainment, Inc (Blizzard) and its subsidiaries, and Other segments. (NASDAQ:ATVI) by 11.7% during the third quarter, Holdings Channel reports. Zacks Investment Research upgraded shares of Activision Blizzard from a "hold" rating to a "strong-buy" rating and set a $52.00 target price for the company in a research report on Wednesday, October 26th.