Activision made $1 billion from in-game revenue in three months

Irving Hamilton
May 6, 2018

About 9.83 million shares traded or 46.12% up from the average. (ATVI) has an Analysts' Mean Recommendation of 2, according to data compiled by Finviz. It's down -0.09, from 0.8 in 2017Q3. Goodman Financial Corp bought a new position in Activision during the fourth quarter worth about $127,000. Front Barnett Associate Ltd Com has 161,448 shares for 1.7% of their portfolio. It also sees EPS of $2.51 (allowing for GAAP deferrals of $0.05/share), below consensus for $2.61. Sold All: 69 Reduced: 116 Increased: 64 New Position: 67. The company has market cap of $7.05 billion. It has a 10.53 P/E ratio. Andra Ap owns 0.09% invested in Activision Blizzard, Inc. The stock increased 1.32% or $1.15 during the last trading session, reaching $88.19. The stock price of PIR is moving down from its 20 days moving average with -17.31% and isolated negatively from 50 days moving average with -20.24%. It has underperformed by 37.81% the S&P500. 15,854 were reported by Wealthfront Incorporated.

The Dow Jones headlines said Activision posted earnings per share of 65 cents in the first quarter, and a "net" figure of $500 million. The company reported $0.34 EPS for the quarter, topping the Zacks' consensus estimate of $0.29 by $0.05, reports. (NASDAQ:ATVI) for 5.18M shares. (NASDAQ:ATVI). Suntrust Banks holds 0.02% or 57,071 shares in its portfolio.

The California-based company added it will pay shareholders a quarterly dividend of US$0.34 a share. Institutional investors own 85.80% of the company's stock. Aperio Grp Inc Ltd Liability reported 0.08% stake. Out of 6 Wall Street analysts rating Dick's Sporting Goods, 4 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold".

Digging a bit further, company shares have been noted -14.12% off the 52 week high and 30.37% away from the 52 week low. The company presently has an average rating of "Buy" and an average target price of $75.41. On Wednesday, November 8 the firm has "Neutral" rating given by Hilliard Lyons. The Piotroski F-Score of Activision Blizzard, Inc. The company was initiated on Wednesday, June 1 by Piper Jaffray. BTIG Research downgraded the stock to "Sell" rating in Friday, July 21 report. (NASDAQ:ATVI). Abner Herrman & Brock Ltd has invested 1.04% in Activision Blizzard, Inc. ATVI is uptrending and has moved 34.46% since May 4, 2017.

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During 2017 Q4 the big money sentiment decreased to 1.18. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.46.

Activision Blizzard has released its Q1 2018 earnings report today. 233 rose stakes while 92 funds acquired stakes. Wedbush set a $81.00 price target on shares of Activision Blizzard and gave the stock a buy rating in a report on Friday, February 9th. Verition Fund Management Limited Liability Co reported 19,923 shares. Adirondack holds 0.09% in Activision Blizzard, Inc. (NASDAQ:ATVI) or 1.44 million shares. Timessquare Cap Mngmt Limited Liability holds 0.19% in Guidewire Software, Inc. Dsam Prtnrs (London) stated it has 0.56% of its portfolio in Activision Blizzard, Inc. Bessemer has invested 0% in Activision Blizzard, Inc. (NASDAQ:ATVI) for 420,632 shs. CORTI ROBERT J also sold $6.15M worth of Activision Blizzard, Inc.

Pachter concludes on a note of confidence, that even with a play-it-safe guidance raise, consider how strong the ATVI lineup looks for 2018; a lineup that from where this analyst is standing points to upside ahead. Granite Investment Partners Llc who had been investing in Activision Blizzard Inc for a number of months, seems to be less bullish one the $49.99B market cap company. (NASDAQ:ATVI) for 243,857 shares.

Activision Blizzard's Overwatch video game. (NASDAQ:ATVI). 222,141 are owned by Bb&T Corporation. Castleark Llc reported 0.42% stake. (NYSE:V). Rnc Capital Mgmt Lc, a California-based fund reported 5,429 shares. Bankshares Of Ny Mellon reported 269,868 shares. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. Therefore 60% are positive. Activision Blizzard had 19 analyst reports since November 8, 2017 according to SRatingsIntel. As per Friday, May 6, the company rating was maintained by Benchmark. (NASDAQ:ATVI) earned "Outperform" rating by Credit Suisse. (NASDAQ:ATVI) has "Buy" rating given on Friday, August 4 by UBS. (NASDAQ:ATVI) earned "Overweight" rating by KeyBanc Capital Markets. Piper Jaffray maintained the stock with "Buy" rating in Friday, February 9 report. The stock has "Hold" rating by Northland Capital on Thursday, September 28. 71,488 Activision Blizzard, Inc. The recommendation scale measures the value from 1 to 5, where 1 means "Buy" and 5 stands for "Sell". Nomura has "Buy" rating and $126 target.

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