Activision Blizzard Earnings: Call of Duty Sales Lag, Stock Gains on Buyback

ATVI image

The company's revenue was up 81.2% compared to the same quarter previous year. The stock now has a consensus rating of Buy and an average price target of $47.71.

Activision Blizzard, Inc. (ATVI) recently recorded 1.38 percent change and now at $39.73 is 51.2 percent away from its 52-week low and down -12.78 percent versus its peak. The firm's quarterly revenue was up 81.2% compared to the same quarter past year.

In a separate transaction, on Nov 18, 2016, Riccardo Zacconi (Chief Executive Officer, King) sold 19,761 shares at 40.11 per share price.On Sep 16, 2016, Thomas Tippl (Chief Operating Officer) sold 75,000 shares at 43.76 per share price.On Sep 16, 2016, Robert J Morgado (director) sold 29,999 shares at 43.60 per share price. During the same period in the previous year, the business posted $0.83 EPS. Macquarie reissued an "outperform" rating and issued a $46.00 price objective on shares of Activision Blizzard in a research report on Friday, November 4th. However, the stock is trading at -12.78% versus recent highs ($45.55). The company has a market cap of $33.90 billion, a P/E ratio of 39.596 and a beta of 1.03. GAAP net revenues from digital channels were an all-time record of $1.45 billion, growing 101% year-over-year. For the Most Recent Fiscal Year, Activision Blizzard, Inc has a price to cash ratio of 20.11.

While looking at the Stock's Performance, Activision Blizzard, Inc. now shows a Weekly Performance of -3.16%, where Monthly Performance is 3.95%, Quarterly performance is -4.62%, 6 Months performance is -4.99% and yearly performance percentage is 37.14%. Before Earnings Announcement on 08/04/2016, the firm had its stock price of $40.83. The day began at US$35.28 but the price moved to US$35.02 at one point during the trading and finally capitulating to a session high of US$35.4. The Hedge Fund company now holds 325,241 shares of ATVI which is valued at $13,162,503. Therefore, if Activision Blizzard, Inc. meet or beat analysts' forecasts of earnings, its earnings per share would see a decrease of about -12.05%. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. California State Teachers Retirement System increased its stake in Activision Blizzard by 7.6% in the second quarter. The stock has a quick ratio of 0.70 and a current ratio of 0.90. TIAA CREF Investment Management LLC boosted its stake in shares of Activision Blizzard by 3.4% in the third quarter.

Israel legalises settler homes on private Palestinian land
The decision extended the injunction against the installation of the caravans ordered the week before. Peace Now, a left-leaning group promoting the two-state solution, also criticized passage.

Presently Activision Blizzard, Inc. It has been recommended as "Buy Opinions" from 9 and 0 suggested "Sell Thoughts" for the stock.

Along with these its year to date performance is standing at 10.02%.

COPYRIGHT VIOLATION NOTICE: This news story was published by BBNS and is owned by of BBNS.

While taking a glance at financials, we can look at a number of key indicators about Activision Blizzard, Inc.'s (ATVI). Corporate insiders own 25.23% of the company's stock. The Company operates through Activision Publishing, Inc (Activision) and its subsidiaries, Blizzard Entertainment, Inc (Blizzard) and its subsidiaries, and Other segments.

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