IT&Software

Activision Blizzard Announce Record First-Quarter Results with $1.97 Billion Net Revenue

Activision Blizzard Announce Record First-Quarter Results with $1.97 Billion Net Revenue

Zacks Investment Research lowered shares of Activision from a "buy" rating to a "hold" rating in a report on Monday, January 8th. Twin Cap Management owns 31,130 shares for 0.1% of their portfolio. Eqis Capital Mgmt reported 41,849 shs stake. Fred Alger Mngmt Inc holds 0% or 671 shs. It dropped, as 51 investors sold Activision Blizzard, Inc. shares while 225 reduced holdings. (NASDAQ:ATVI). First Fincl Corp In owns 463 shs or 0.02% of their U.S. capital. 15,854 were reported by Wealthfront Incorporated. New York-based Integral Derivatives Ltd Limited Liability Company has invested 0.01% in Activision Blizzard, Inc. (NASDAQ:ATVI). Raymond James Tru Na has invested 0.02% of its capital in Activision Blizzard, Inc. (NASDAQ:ATVI). Cipher Cap LP accumulated 27,521 shares. Richard Bernstein Advisors Limited Liability Corporation invested 0.6% of its portfolio in Johnson & Johnson (NYSE:JNJ). Barclays Public Ltd Liability Company reported 3.22M shs. Inverness Counsel LLC NY owned about 0.05% of Activision Blizzard as of its most recent filing with the Securities & Exchange Commission. (NASDAQ:ATVI) is a huge mover today! ZACCONI RICCARDO also sold $1.40M worth of Activision Blizzard, Inc. Also, Director Robert J. Corti sold 88,000 shares of the firm's stock in a transaction that occurred on Friday, February 16th. Mitchell Mgmt Com holds 1.91% of its portfolio in Activision Blizzard, Inc. C M Bidwell Associate invested in 6,417 shares or 0.35% of the stock. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 34.46% since May 5, 2017 and is uptrending. Since the open, shares have moved 0.66% after recently hitting the $68.39 mark.

The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.02. And the announced value of the technology company is $74.34M for the 2017Q4. -EPS (Q1): $0.78 vs. $0.72 a year ago. ATVI outperformed the S&P500 by 22.91%.

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Shares of competitors Take-Two Interactive TTWO and Electronic Arts EA spiked more than 5.5 and almost 4 percent in afternoon trading, respectively. Envestnet Asset Management Inc. now owns 77,408 shares of the company's stock valued at $4,902,000 after purchasing an additional 11,153 shares during the last quarter. (NASDAQ:ATVI) earned "Buy" rating by UBS on Friday, August 5. Therefore 48% are positive. Activision Blizzard has a 12-month low of $48.41 and a 12-month high of $79.63. The stock now has an average rating of "Buy" and a consensus price target of $75.41. KELLY BRIAN G had sold 1.70M shs worth $120.10 million on Wednesday, February 21. On Thursday, October 13 the stock rating was initiated by JP Morgan with "Overweight". He maintained his outperform rating on Activision with a price target of 80. The company was maintained on Monday, October 30 by RBC Capital Markets. Analysts have predicted that ATVI will grow it's earning at a 15.97% annual rate in the next 5 years. On Wednesday, November 8 the firm has "Neutral" rating given by Hilliard Lyons. The firm has "Buy" rating given on Friday, May 6 by Mizuho. (NYSE:WTW) traded under services sector umbrella, shares build up 7.50% in early Friday trading session to trade at $74.93; shares of firm has 20 days moving average price of 11.32% from last close price of 74.93 and act as support or resistance of price limit. Stock Is Yesterday's News" on May 04, 2018, also Benzinga.com with their article: "Benzinga's Top Analyst Calls From May 4, 2018" published on May 04, 2018, Finance.Yahoo.com published: "3 Stocks to Watch on Friday: Activision Blizzard, Inc. TheStreet cut Activision from a "b" rating to a "c+" rating in a report on Thursday, February 8th. The firm has "Buy" rating given on Tuesday, February 6 by Bank of America. KeyBanc Capital Markets maintained the stock with "Buy" rating in Wednesday, March 7 report.

Activision Blizzard, Inc. develops and publishes games for video game consoles, personal computers, mobile devices, and online social platforms. On Friday, February 9 Robert W. Baird maintained Activision Blizzard, Inc.


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