KeyCorp Weighs in on Activision Blizzard, Inc.'s FY2019 Earnings (ATVI)

Sheri Evans
January 14, 2018

They issued a "neutral" rating and a $65.00 price target for the company. The stock increased 1.40% or $0.97 during the last trading session, reaching $70.21.

Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings data on Thursday, November 3rd.

Third Point Reinsurance Limited (NYSE:TPRE) had a decrease of 42.82% in short interest. About 1.54M shares traded. Based on an average daily volume of 4,240,179 shares, the days-to-cover ratio is presently 1.6 days. Vetr's price objective suggests a potential upside of 1.92% from the company's current price. About 687,132 shares traded. It has underperformed by 4.16% the S&P500.

Third Point Reinsurance Ltd., through its subsidiaries, provides specialty property and casualty reinsurance products to insurance and reinsurance companies in the Americas, Europe, the Middle East, Africa, and Asia. The stock has a market capitalization of $53,200.00, a P/E ratio of 48.19, a P/E/G ratio of 1.94 and a beta of 1.02. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. Activision Blizzard had 118 analyst reports since July 28, 2015 according to SRatingsIntel. Atlantic Securities downgraded the stock to "Sell" rating in Friday, July 21 report. The stock has a consensus rating of "Buy" and an average target price of $46.66. The firm has "Outperform" rating given on Monday, May 2 by RBC Capital Markets. The stock has "Hold" rating by Keefe Bruyette & Woods on Monday, December 4. The firm has "Buy" rating given on Monday, August 8 by Stifel Nicolaus. Mizuho maintained it with "Buy" rating and $31 target in Wednesday, August 5 report. On Friday, February 10 the stock rating was maintained by Stifel Nicolaus with "Buy". Its down 0.10, from 0.79 in 2017Q2. It also reduced National Grid Plc Ads stake by 11,099 shares and now owns 10,947 shares. 114 funds opened positions while 708 raised stakes. Cutter & Brokerage reported 20,467 shares. State Board Of Administration Of Florida Retirement Systems has 1.01 million shares. Manufacturers Life Ins The has 54,079 shares. Moreover, Signalpoint Asset Mngmt Ltd Liability has 0.57% invested in Johnson & Johnson (NYSE:JNJ) for 8,744 shares. Raymond James & Assoc stated it has 12,848 shares. Bnp Paribas Arbitrage reported 439,622 shares stake. (NASDAQ:ATVI). Cubist Systematic Strategies Limited Co, a Connecticut-based fund reported 35,567 shares. Bb&T Corporation accumulated 291,282 shares or 0.36% of the stock. 3,984 are held by Bsw Wealth Partners. Schwab Charles Invest Management holds 0% or 336,329 shares in its portfolio. Exxonmobil Inv Mgmt Tx invested in 0.22% or 137,859 shares. Driehaus Mngmt Lc reported 3,284 shares. Citadel Advsrs Ltd Liability Corp has invested 0% in MPLX LP (NYSE:MPLX). Moors And Cabot invested 0.06% in MPLX LP (NYSE:MPLX). Activision Blizzard has a one year low of $38.38 and a one year high of $70.71. The company has market cap of $53.20 billion.

Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company operates through Activision Publishing, Inc (Activision) and its subsidiaries, Blizzard Entertainment, Inc (Blizzard) and its subsidiaries, and Other segments.

Since August 7, 2017, it had 0 insider buys, and 3 insider sales for $239.12 million activity. $228.20M worth of Activision Blizzard, Inc. 160,000 shares were sold by Durkin Dennis M, worth $9.71M on Friday, August 11. Finally, Buckingham Research began coverage on Activision Blizzard in a research note on Wednesday, September 20th.

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In other news, CEO Riccardo Zacconi sold 19,761 shares of the business's stock in a transaction dated Friday, November 17th. Jefferies Gp Lc reported 0.02% in Activision Blizzard, Inc. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 47.83% since January 12, 2017 and is uptrending. They expect $0.29 earnings per share, down 36.96% or $0.17 from last year's $0.46 per share. FLO's profit will be $29.35M for 33.38 P/E if the $0.14 EPS becomes a reality. After $0.43 actual earnings per share reported by Activision Blizzard, Inc. for the previous quarter, Wall Street now forecasts 102.33% EPS growth.

Investors sentiment increased to 1.38 in Q3 2017. Its down 0.22, from 1.26 in 2017Q2.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 93 funds opened positions while 240 raised stakes.

Shares of Activision Blizzard Inc. (NASDAQ:ATVI). Thornburg Mgmt stated it has 0.23% of its portfolio in Activision Blizzard, Inc. Ubs Oconnor Limited holds 202,774 shares. Cornerstone Advisors Inc. boosted its holdings in Activision Blizzard by 321.5% in the third quarter. Moody Bank & Trust Division reported 17,464 shares stake. (NASDAQ:ATVI). Moreover, Mirae Asset Global Investments has 0.11% invested in Activision Blizzard, Inc. Advantus holds 76,683 shares. Bailard reported 0.07% in Activision Blizzard, Inc. Roanoke Asset Corp New York holds 0.24% or 3,840 shares in its portfolio. Malaga Cove holds 0.51% or 14,150 shares in its portfolio. Piper Jaffray Companies reiterated an overweight rating and set a $69.00 target price on shares of Activision Blizzard in a research note on Friday, September 8th. Therefore 85% are positive. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time.

More notable recent Activision Blizzard, Inc. (NASDAQ:ATVI) rating on Tuesday, December 12. The firm has "Buy" rating by Benchmark given on Friday, February 12. Jefferies maintained Johnson & Johnson (NYSE:JNJ) rating on Friday, June 16. The company was maintained on Friday, October 2 by Stifel Nicolaus. The rating was maintained by RBC Capital Markets on Monday, October 19 with "Outperform". (NASDAQ:ATVI) for 25,658 shares.

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