Activision Blizzard (ATVI) Price Target Raised to $77.00 at Bank of America

Lloyd Doyle
February 7, 2018

The market capitalization of the company is $77.42 Billion. By looking at the Volatility of the company, Week Volatility is at 2.85%, whereas Month Volatility stands at 1.48%. Botty Lc accumulated 64,146 shares or 1.32% of the stock.

Westpac Banking Corp reduced its position in Activision Blizzard, Inc. It has outperformed by 6.37% the S&P500.

World Asset Management Inc increased Activision Blizzard Inc Com St (ATVI) stake by 6.99% reported in 2017Q3 SEC filing. Glaxis Capital Management Llc bought 38,180 shares as the company's stock rose 23.27% with the market. (NASDAQ:ATVI). 2.32 million were accumulated by Fil Ltd. Arrow Fincl invested in 0.28% or 18,050 shares. The company's market cap is $54.12 Billion, and the average volume is $5.87 Million. Trading volume for Activision Blizzard, Inc. was 10.35 Million in its previous trading session. About 10.52 million shares traded or 80.72% up from the average. It has outperformed by 31.13% the S&P500.

Investors sentiment increased to 1.38 in Q3 2017. Its up 0.23, from 1.15 in 2017Q2. 93 funds opened positions while 240 raised stakes.

For the current quarter, 27 analysts are projecting a mean EPS of $0.93/share. Prudential Financial Inc. now owns 3,184,687 shares of the company's stock worth $205,444,000 after buying an additional 1,657,730 shares during the period. 10,000 are owned by New Jersey Better Educational Savings Trust. Brinker stated it has 8,364 shares or 0.02% of all its holdings. 12,444 are owned by Meiji Yasuda Asset Mgmt Limited. Net profit margin of Activision Blizzard, Inc. Moneta Group Inv Advisors invested in 0.09% or 10,234 shares. Cornerstone Cap Hldgs Llc invested 0.18% of its portfolio in Activision Blizzard, Inc. Alliancebernstein Limited Partnership holds 0% or 24,000 shares in its portfolio. (NASDAQ:ATVI) by 66.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Next Century Growth Invsts Limited Liability Co holds 0.14% or 18,393 shares. Finally, Quantbot Technologies LP acquired a new position in shares of Activision Blizzard during the 2nd quarter worth approximately $571,000. Credit Suisse Ag holds 1.14 million shares. According to today's trading volume Activision Blizzard, ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. (NASDAQ ATVI) opened at $69.70 on Wednesday. Rafferty Asset Management Ltd Liability Corp reported 31,251 shares. Bp Public Ltd has 79,000 shares for 0.18% of their portfolio. First Western Cap Management, a California-based fund reported 5,060 shares.

Since August 11, 2017, it had 0 insider buys, and 1 insider sale for $1.21 million activity. The insider Durkin Dennis M sold $9.71 million. Therefore 28% are positive. Activision Blizzard had 123 analyst reports since July 28, 2015 according to SRatingsIntel. Wedbush set a $75.00 target price on Activision Blizzard and gave the stock a "buy" rating in a research note on Thursday, October 26th. Six investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. As per Friday, August 7, the company rating was maintained by Pacific Crest. Barclays Capital maintained the shares of ATVI in report on Thursday, March 17 with "Overweight" rating. The firm earned "Buy" rating on Tuesday, September 5 by Jefferies. BMO Capital Markets maintained Activision Blizzard, Inc. Bank of New York Mellon Corp now owns 7,476,125 shares of the company's stock worth $482,285,000 after buying an additional 1,523,740 shares during the period. It also increased its holding in Johnson Ctls Intl Plc by 313,527 shares in the quarter, for a total of 1.07 million shares, and has risen its stake in Cisco Sys Inc (NASDAQ:CSCO).

Among 39 analysts covering Citigroup Inc. The company was maintained on Monday, September 21 by Roth Capital. (NYSE:C) on Friday, November 18 to "Neutral" rating. Oppenheimer maintained the stock with "Outperform" rating in Tuesday, January 19 report. The company was initiated on Tuesday, October 6 by Susquehanna. The firm earned "Buy" rating on Friday, October 13 by Nomura. The rating was maintained by BMO Capital Markets on Friday, April 21 with "Hold".

Among 32 analysts covering U.S. Bancorp (NYSE:USB), 9 have Buy rating, 4 Sell and 19 Hold. On Wednesday, October 11 the stock rating was downgraded by Bank of America to "Neutral".

Investors sentiment increased to 1.38 in 2017 Q3. Its up 0.12, from 0.98 in 2017Q2. It worsened, as 61 investors sold USB shares while 441 reduced holdings. Fin Partners Cap Mgmt Llc holds 3.06% or 220,270 shares. Pointstate Limited Partnership reported 3.57% in Citigroup Inc. Royal National Bank & Trust Of Canada has 0% invested in Ryerson Holding Corporation (NYSE:RYI) for 3,592 shares. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other. Jefferies maintained Activision Blizzard, Inc. Alpha Cubed Invs has 9,685 shares for 0.11% of their portfolio. Commonwealth Equity Services Inc accumulated 46,466 shares or 0.02% of the stock. Bnp Paribas Arbitrage invested in 1.53 million shares.

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