Activision Blizzard (ATVI) Upgraded to "Strong-Buy" at Vetr

Joanna Estrada
January 13, 2018

FMR LLC raised its stake in shares of Activision Blizzard by 88.7% in the second quarter. Calpine Corp now has $5.45 billion valuation. The stock increased 1.01% or $1.63 during the last trading session, reaching $162.3. LendingClub Corporation (NYSE:LC) has risen 52.97% since January 11, 2017 and is uptrending. It has underperformed by 16.70% the S&P500. Activision Blizzard has a 12-month low of $26.49 and a 12-month high of $45.55. Skytop Capital Management Llc sold 35,000 shares as Activision Blizzard Inc (ATVI)'s stock rose 23.27%.

Lone Pine Capital Llc, which manages about $34.98 billion and $20.57B US Long portfolio, upped its stake in Grupo Televisa Sa (NYSE:TV) by 308,100 shares to 20.84 million shares, valued at $514.21 million in 2017Q3, according to the filing. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.

TipRanks highlights a confident Wall Street surveying this video game maker, with 13 of 15 analysts polled in the last 3 months bullish on Activision stock and just 2 left on the sidelines. The stock has a consensus rating of "Buy" and a consensus price target of $69.94. It has outperformed by 31.13% the S&P500. Finally, Bank of New York Mellon Corp increased its holdings in shares of Activision Blizzard by 25.6% in the third quarter. Select Sector Spdr Tr (XLV) was reduced too.

Investors sentiment increased to 1.38 in Q3 2017. Its down 0.10, from 1.29 in 2017Q2. It increased, as 37 investors sold ATVI shares while 205 reduced holdings. 23 funds opened positions while 58 raised stakes. Given that its average daily volume over the 30 days has been 5.29 million shares a day, this signifies a pretty significant change over the norm. During the same quarter past year, the company earned $0.83 earnings per share. 30 are owned by North Star Inv. Brookmont Cap reported 0.19% of its portfolio in Activision Blizzard, Inc. Overall, the share price is up 5.54% year to date. Ubs Oconnor Ltd Liability Corp, Illinois-based fund reported 202,774 shares. In recent session, Activision Blizzard, Inc. Clarivest Asset Management Lc reported 529,777 shares. Coatue Management Llc owns 11.91 million shares or 6.28% of their United States portfolio. Kentucky Retirement System stated it has 42,574 shares or 0.21% of all its holdings. (NASDAQ:ATVI). Axa invested 0.17% in Activision Blizzard, Inc. (NASDAQ:ATVI). Kentucky-based Hl Financial Limited Liability has invested 0.01% in Activision Blizzard, Inc.

Artemis Invest Mngmt Llp has invested 0.23% in Activision Blizzard, Inc. (NASDAQ:ATVI) Cheap From Peers? Spectrum Asset Mngmt Inc (Nb Ca) invested in 0.83% or 11,275 shares. Atalanta Sosnoff Cap Ltd Liability Com holds 486,865 shares.

Activision Blizzard, Inc. (NASDAQ:ATVI) reported its EPS in the last quarter as $0.6/Share beating the analyst estimate of $0.49/Share by a difference of $0.11. Therefore 28% are positive.

A number of brokerages have recently issued reports on ATVI.

Pachter explains, "Activision Blizzard could earn $3.00 by 2018 by optimizing King's untapped ad opportunity and monetizing its Overwatch League". (NASDAQ:ATVI) rating on Tuesday, December 12. UBS maintained it with "Buy" rating and $36 target in Friday, February 12 report. The SI to Activision Blizzard Incorporated's float is 2.1%. (NYSE:WMT) on Friday, October 7 with "Market Perform" rating. Stifel Nicolaus maintained it with "Buy" rating and $33 target in Thursday, August 6 report. Cowen & Co maintained Activision Blizzard, Inc. (NASDAQ:ATVI) for 64,985 shares. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) rating on Wednesday, December 14. Mizuho reissued a "buy" rating and set a $48.00 price target on shares of Activision Blizzard in a research report on Monday, November 7th. Current trade price levels places ATVI's stock about -0.85% away from the 52-week high and closed 78.26% away from the 52-week low.

Since August 7, 2017, it had 0 insider buys, and 3 selling transactions for $239.12 million activity. The insider KELLY BRIAN G sold $228.20 million. It turned negative, as 65 investors sold MCK shares while 296 reduced holdings.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction that occurred on Friday, November 17th. CPN's profit will be $72.12M for 18.88 P/E if the $0.20 EPS becomes a reality. About 2.15 million shares traded. McKesson Corporation had 73 analyst reports since July 31, 2015 according to SRatingsIntel.

Among 3 analysts covering BancFirst Corp (NASDAQ:BANF), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. The stock of NETGEAR, Inc. The firm has "Buy" rating given on Tuesday, October 24 by Cowen & Co. The rating was maintained by Piper Jaffray with "Overweight" on Monday, August 10. Wood maintained Ally Financial Inc. The rating was upgraded by Morgan Stanley on Thursday, November 3 to "Overweight". The company was maintained on Wednesday, October 11 by Needham. On Friday, July 21 the stock rating was maintained by Citigroup with "Buy". Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company's stock valued at $150,000 after buying an additional 363 shares in the last quarter.

Pacad Investment Ltd increased American Elec Pwr Inc (NYSE:AEP) stake by 7,500 shares to 8,700 valued at $611,000 in 2017Q3. Jpmorgan Chase & Comm owns 7.58M shares or 0.11% of their USA portfolio.

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