Activision Blizzard Inc (NASDAQ:ATVI) Institutional Investors Q2 2018 Sentiment

October 11, 2018 - By Dolores Ford

Activision Blizzard, Inc. (NASDAQ:ATVI) Logo

Sentiment for Activision Blizzard Inc (NASDAQ:ATVI)

Activision Blizzard Inc (NASDAQ:ATVI) institutional sentiment increased to 1.2 in 2018 Q2. Its up 0.30, from 0.9 in 2018Q1. The ratio has increased, as 327 investment professionals increased or opened new holdings, while 273 decreased and sold stock positions in Activision Blizzard Inc. The investment professionals in our partner’s database now have: 644.93 million shares, up from 638.65 million shares in 2018Q1. Also, the number of investment professionals holding Activision Blizzard Inc in their top 10 holdings increased from 10 to 18 for an increase of 8. Sold All: 51 Reduced: 222 Increased: 232 New Position: 95.

Activision Blizzard, Inc. develops and publishes games for video game consoles, personal computers , mobile devices, and online social platforms. The company has market cap of $57.15 billion. The firm operates through three divisions: Activision Publishing, Inc., Blizzard Entertainment, Inc., and King Digital Entertainment. It has a 114.09 P/E ratio. The firm develops, publishes, and sells interactive software products and entertainment content through retail channels or digital downloads; and downloadable content.

The stock increased 1.88% or $1.38 during the last trading session, reaching $74.96. About 4.16 million shares traded. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 21.83% since October 11, 2017 and is uptrending. It has outperformed by 6.21% the S&P500.

Analysts await Activision Blizzard, Inc. (NASDAQ:ATVI) to report earnings on November, 1. They expect $0.47 EPS, up 9.30 % or $0.04 from last year’s $0.43 per share. ATVI’s profit will be $358.33M for 39.87 P/E if the $0.47 EPS becomes a reality. After $0.56 actual EPS reported by Activision Blizzard, Inc. for the previous quarter, Wall Street now forecasts -16.07 % negative EPS growth.

Bbr Partners Llc holds 8.44% of its portfolio in Activision Blizzard, Inc. for 657,555 shares. Coatue Management Llc owns 11.45 million shares or 7.34% of their US portfolio. Moreover, Waverton Investment Management Ltd has 6.53% invested in the company for 76 shares. The California-based Scge Management L.P. has invested 6.39% in the stock. Skytop Capital Management Llc, a New York-based fund reported 86,600 shares.

Since January 1, 0001, it had 0 insider purchases, and 3 selling transactions for $4.14 million activity.

Activision Blizzard, Inc. (NASDAQ:ATVI) Ratings Coverage

Ratings analysis reveals 55% of Activision Blizzard’s analysts are positive. Out of 11 Wall Street analysts rating Activision Blizzard, 6 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $7000 while the high is $100. The stock’s average target of $80.80 is 7.79% above today’s ($74.96) share price. ATVI was included in 12 notes of analysts from May 1, 2018. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) earned “Neutral” rating by Bank of America on Friday, August 31. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) has “Overweight” rating given on Monday, June 18 by KeyBanc Capital Markets. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) earned “Overweight” rating by Morgan Stanley on Wednesday, July 11. Bank of America maintained Activision Blizzard, Inc. (NASDAQ:ATVI) on Friday, May 4 with “Buy” rating. Credit Suisse maintained Activision Blizzard, Inc. (NASDAQ:ATVI) on Friday, May 4 with “Outperform” rating. The firm has “Hold” rating by J.P. Morgan given on Tuesday, May 1. The firm earned “Buy” rating on Friday, May 4 by Stifel Nicolaus. Wedbush maintained the stock with “Outperform” rating in Monday, October 1 report. Barclays Capital maintained it with “Equal-Weight” rating and $79 target in Monday, August 6 report. The company was maintained on Friday, May 4 by William Blair.

More recent Activision Blizzard, Inc. (NASDAQ:ATVI) news were published by: Nasdaq.com which released: “Why ATVI Is Still A Buy, Even After Yesterday’s Pop” on September 12, 2018. Also Seekingalpha.com published the news titled: “Activision Blizzard: A High-Quality Short” on October 01, 2018. Benzinga.com‘s news article titled: “Why Bernstein Thinks Take-Two Is Set To Outperform” with publication date: October 10, 2018 was also an interesting one.

Activision Blizzard, Inc. (NASDAQ:ATVI) Ratings Chart

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