Activision Blizzard, Inc., together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products. The company also maintains a proprietary online gaming service, Battle.net that facilitates digital distribution of content, online social connectivity, and the creation of user-generated content. In addition, it operates esports leagues and offer digital advertising content; and provides warehousing, logistics, and sales distribution services to third-party publishers of interactive entertainment software, as well as manufacturers of interactive entertainment hardware products. The company's key product franchises include Call of Duty, World of Warcraft, Diablo, Hearthstone, Overwatch, Overwatch League, and Candy Crush. It serves retailers and distributors, including mass-market retailers, consumer electronics stores, discount warehouses, and game specialty stores through third-party distribution and licensing arrangements. The company is headquartered in Santa Monica, California.
Activision Blizzard Trading Up 0.4 %
ATVI opened at $80.91 on Thursday. Activision Blizzard has a one year low of $56.40 and a one year high of $86.90. The company has a market cap of $63.30 billion, a P/E ratio of 33.71, a PEG ratio of 3.50 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 6.18 and a current ratio of 6.18. The business's 50-day simple moving average is $77.91 and its 200-day simple moving average is $78.84.
Activision Blizzard (NASDAQ:ATVI - Get Rating) last released its quarterly earnings data on Monday, August 1st. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.09. Activision Blizzard had a return on equity of 10.22% and a net margin of 24.57%. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the business posted $0.86 EPS. The business's revenue for the quarter was down 14.6% on a year-over-year basis. As a group, equities research analysts expect that Activision Blizzard will post 2.42 EPS for the current fiscal year.
Analyst Ratings Changes
ATVI has been the topic of several recent analyst reports. Moffett Nathanson raised Activision Blizzard from a "neutral" rating to a "buy" rating and set a $95.00 price target on the stock in a research note on Wednesday, August 3rd. Deutsche Bank Aktiengesellschaft decreased their price target on Activision Blizzard from $95.00 to $84.00 in a research note on Thursday, August 4th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $95.00 price target on shares of Activision Blizzard in a research note on Wednesday, April 27th. Seventeen analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $94.73.
Insider Activity
In other news, CFO Armin Zerza sold 10,174 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $80.22, for a total value of $816,158.28. Following the transaction, the chief financial officer now owns 186,117 shares in the company, valued at approximately $14,930,305.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company's stock.