Brokerage firm MKM Partners Downgrades its rating on Activision Blizzard(NASDAQ:ATVI). In a research note issued to the investors, the brokerage major Raises the price-target to $42.00 per share. The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by MKM Partners was issued on Jul 28, 2016.
In a different note, On Jun 16, 2016, Barclays said it Maintains its rating on Activision Blizzard. In the research note, the firm Raises the price-target to $38.00 per share. The shares have been rated ‘Overweight’ by the firm.
Activision Blizzard (ATVI) made into the market gainers list on Thursdays trading session with the shares advancing 1.11% or 0.45 points. Due to strong positive momentum, the stock ended at $40.83, which is also near the day’s high of $41.105. The stock began the session at $40.94 and the volume stood at 1,09,76,806 shares. The 52-week high of the shares is $43.05 and the 52 week low is $24.04. The company has a current market capitalization of $30,142 M and it has 73,82,27,640 shares in outstanding.
Activision Blizzard(ATVI) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $908.00M. Analysts had an estimated revenue of $811.92M. Earnings per share were $0.23. Analysts had estimated an EPS of $0.12.
Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, Michael Morhaime (Pres. & CEO-Blizzard Ent.) sold 1,150,000 shares at $38.15 per share price.Also, On May 24, 2016, Stephen G Wereb (Principal Accounting Officer) sold 71,775 shares at $37.56 per share price.On May 18, 2016, Thomas Tippl (Chief Operating Officer) sold 300,000 shares at $39.08 per share price, according to the Form-4 filing with the securities and exchange commission.
Activision Blizzard Inc. is a developer and publisher of online personal computer (PC) video game console handheld mobile and tablet games. The Company offers games that operate on the Microsoft Corporation (Microsoft) Xbox One (Xbox One) and Xbox 360 (Xbox 360) Nintendo Co. Ltd. (Nintendo) Wii U (Wii U) and Wii (Wii) and Sony Computer Entertainment Inc. (Sony) PlayStation 4 (PS4) and PlayStation 3 (PS3) console systems. The Company also develops products spanning other genres including first-person action action/adventure role-playing simulation and strategy. It distributes interactive entertainment hardware and software products in Europe through its European distribution subsidiaries: Centresoft in the United Kingdom and NBG in Germany. The Company’s operating segments include Activision Publishing Inc. and its subsidiaries Blizzard Entertainment Inc. and its subsidiaries and Activision Blizzard Distribution.