Should Investors Be Buying Activision Blizzard (NASDAQ:ATVI) Stock Following Today’s Hilliard Lyons Upgrade?

November 21, 2017 - By Ellis Scott

  Should Investors Be Buying Activision Blizzard (NASDAQ:ATVI) Stock Following Today’s Hilliard Lyons Upgrade?

Investors sentiment increased to 1.15 in Q2 2017. Its up 0.24, from 0.91 in 2017Q1. It increased, as 53 investors sold Activision Blizzard, Inc. shares while 215 reduced holdings. 98 funds opened positions while 210 raised stakes. 639.89 million shares or 1.59% less from 650.21 million shares in 2017Q1 were reported.

Oregon Employees Retirement Fund stated it has 0.16% in Activision Blizzard, Inc. (NASDAQ:ATVI). New York State Teachers Retirement System reported 1.14 million shares. Numeric Invsts Limited Liability Corporation accumulated 0.05% or 106,300 shares. Allen Invest Mngmt Limited Co owns 0.1% invested in Activision Blizzard, Inc. (NASDAQ:ATVI) for 36,386 shares. Sanctuary Wealth Limited Co owns 59,826 shares for 3.01% of their portfolio. Carmignac Gestion owns 5.89 million shares or 2.75% of their US portfolio. Farmers Trust Com stated it has 6,666 shares. Coastline Tru reported 14,800 shares stake. Eqis Cap invested in 0.11% or 34,193 shares. Arrow Fincl holds 0.28% or 20,050 shares in its portfolio. Advisor Prtn Ltd Liability Corporation holds 0.12% or 8,910 shares. Arrowmark Colorado Holdg Limited Liability Company, Colorado-based fund reported 135,407 shares. Hbk Sorce Advisory Ltd Liability holds 0.03% in Activision Blizzard, Inc. (NASDAQ:ATVI) or 3,607 shares. Mark Asset Mgmt Corp holds 2.73% or 211,121 shares. Lmr Partners Llp reported 26,528 shares or 0.1% of all its holdings.

Activision Blizzard (NASDAQ:ATVI) Stock Upgrade

Shares of Activision Blizzard (NASDAQ:ATVI) were upgraded by research analysts at Hilliard Lyons from a “Underperform” rating to a solid “Neutral” rating via a report revealed to clients and investors on Wednesday morning.

Investors sentiment increased to 1.15 in Q2 2017. Its up 0.24, from 0.91 in 2017Q1. It increased, as 53 investors sold Activision Blizzard, Inc. shares while 215 reduced holdings. 98 funds opened positions while 210 raised stakes. 639.89 million shares or 1.59% less from 650.21 million shares in 2017Q1 were reported.

Oregon Employees Retirement Fund stated it has 0.16% in Activision Blizzard, Inc. (NASDAQ:ATVI). New York State Teachers Retirement System reported 1.14 million shares. Numeric Invsts Limited Liability Corporation accumulated 0.05% or 106,300 shares. Allen Invest Mngmt Limited Co owns 0.1% invested in Activision Blizzard, Inc. (NASDAQ:ATVI) for 36,386 shares. Sanctuary Wealth Limited Co owns 59,826 shares for 3.01% of their portfolio. Carmignac Gestion owns 5.89 million shares or 2.75% of their US portfolio. Farmers Trust Com stated it has 6,666 shares. Coastline Tru reported 14,800 shares stake. Eqis Cap invested in 0.11% or 34,193 shares. Arrow Fincl holds 0.28% or 20,050 shares in its portfolio. Advisor Prtn Ltd Liability Corporation holds 0.12% or 8,910 shares. Arrowmark Colorado Holdg Limited Liability Company, Colorado-based fund reported 135,407 shares. Hbk Sorce Advisory Ltd Liability holds 0.03% in Activision Blizzard, Inc. (NASDAQ:ATVI) or 3,607 shares. Mark Asset Mgmt Corp holds 2.73% or 211,121 shares. Lmr Partners Llp reported 26,528 shares or 0.1% of all its holdings.

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

Among 28 analysts covering Activision Blizzard (NASDAQ:ATVI), 22 have Buy rating, 0 Sell and 6 Hold. Therefore 79% are positive. Activision Blizzard has $82 highest and $29.51 lowest target. $60.28’s average target is -6.80% below currents $64.68 stock price. Activision Blizzard had 115 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) earned “Overweight” rating by Piper Jaffray on Monday, August 10. The firm has “Buy” rating given on Friday, May 6 by UBS. M Partners maintained the shares of ATVI in report on Monday, July 27 with “Buy” rating. The rating was maintained by Jefferies on Wednesday, August 5 with “Buy”. The stock has “Buy” rating by Benchmark on Friday, February 3. Benchmark maintained the shares of ATVI in report on Friday, May 6 with “Buy” rating. Wedbush maintained the stock with “Outperform” rating in Friday, August 5 report. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) has “Buy” rating given on Wednesday, August 5 by Mizuho. Wedbush maintained Activision Blizzard, Inc. (NASDAQ:ATVI) rating on Friday, November 4. Wedbush has “Outperform” rating and $53 target. The stock has “Buy” rating by Cowen & Co on Monday, July 10.

About 899,725 shares traded. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 47.83% since November 21, 2016 and is uptrending. It has outperformed by 31.13% the S&P500.

Analysts await Activision Blizzard, Inc. (NASDAQ:ATVI) to report earnings on February, 8. They expect $0.86 EPS, 0.00 % or $0.00 from last year’s $0.86 per share. ATVI’s profit will be $650.19 million for 18.80 P/E if the $0.86 EPS becomes a reality. After $0.43 actual EPS reported by Activision Blizzard, Inc. for the previous quarter, Wall Street now forecasts 100.00 % EPS growth.

Activision Blizzard, Inc. is a developer and publisher of interactive entertainment content and services. The company has market cap of $48.90 billion. The Firm develops and distributes content and services across various gaming platforms, including video game consoles, personal computers and mobile devices. It has a 44.38 P/E ratio. The Company’s divisions include Activision Publishing, Inc. (Activision), Blizzard Entertainment, Inc. (Blizzard), King Digital Entertainment (King) and Other.

More notable recent Activision Blizzard, Inc. (NASDAQ:ATVI) news were published by: Wsj.com which released: “Activision Blizzard Earnings: What to Watch” on November 02, 2017, also Fool.com with their article: “Will Activision Blizzard Crush Expectations Yet Again?” published on October 31, 2017, Seekingalpha.com published: “Activision Blizzard: Long-Term Bullish” on November 06, 2017. More interesting news about Activision Blizzard, Inc. (NASDAQ:ATVI) were released by: Investorplace.com and their article: “Why Activision Blizzard, Inc. Stock Looks Risky Here” published on November 16, 2017 as well as Fool.com‘s news article titled: “Activision Blizzard, Inc’s Streak of Incredible Earnings Continues” with publication date: November 03, 2017.

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