UBS Group Reiterates "Buy" Rating for Activision Blizzard (NASDAQ:ATVI)

UBS Group Reiterates

The hedge fund held 6.38M shares of the public utilities company at the end of 2019Q1, valued at $270.95M, down from 8.16M at the end of the previous reported quarter.

Activision Blizzard, Inc (ATVI), a video game and film holding company, reported second-quarter results that beat its own and the market's forecasts as lower total costs helped mitigate the impact of a decline in sales, but its guidance for the full-year failed to meet analysts' expectations. Davis R M Inc. bought a new stake in Activision Blizzard during the 1st quarter valued at $2,622,000. The Japan-based Sumitomo Mitsui Trust has invested 0.12% in Activision Blizzard, Inc. Carroll Financial Associates Inc. now owns 1,082 shares of the company's stock worth $51,000 after purchasing an additional 394 shares in the last quarter. Finally, Kaizen Advisory LLC increased its stake in Activision Blizzard by 15.3% during the 4th quarter. Lindbrook Capital LLC now owns 1,083 shares of the company's stock worth $49,000 after purchasing an additional 274 shares in the last quarter.

ATVI stock opened at $48.06 on Friday. About 6.92M shares traded or 4.51% up from the average. The firm has a 50 day simple moving average of $47.29. The company has a market capitalization of $37.79 billion, a PE ratio of 20.64, a P/E/G ratio of 2.30 and a beta of 0.90. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.63 and a quick ratio of 2.61.

Looking ahead to the fiscal third quarter, the company expects to see EPS of $0.20 and revenues of $1.105. Revenues fell compared to Dollars 1.64 Billion in the second quarter of fiscal 2018, while earnings slipped from 0.62 per share past year. Activision Blizzard had a net margin of 23.90% and a return on equity of 16.19%. Activision Blizzard had 22 analyst reports since February 13, 2019 according to SRatingsIntel. During the same quarter a year ago, the firm posted $0.41 earnings per share. As a group, research analysts anticipate that Activision Blizzard, Inc. will post 1.98 EPS for the current year. Also, insider Christopher B. Walther sold 11,333 shares of the firm's stock in a transaction on Monday, July 1st.

In other news, insider Christopher B. Walther sold 2,333 shares of the firm's stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $44.00, for a total transaction of $102,652.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,332 shares of company stock valued at $1,021,187.

Since March 12, 2019, it had 1 buy, and 0 insider sales for $4.30 million activity.

A number of brokerages have commented on ATVI.

Activision Blizzard (NASDAQ:ATVI)'s stock had its "buy" rating reiterated by investment analysts at UBS Group in a report released on Friday, Automated Import reports. Nomura assumed coverage on shares of Activision Blizzard in a research report on Thursday, June 6th.

CEO Bobby Kotick states that their investment to restructure the company earlier this year, which resulted in 800 employees losing their jobs, has started to take effect and they're increasing the focus on development resources for their big franchises going forward. Bank of America maintained it with "Neutral" rating and $54 target in Wednesday, February 13 report. ValuEngine upgraded shares of Activision Blizzard from a "hold" rating to a "buy" rating in a report on Thursday, August 1st. It is positive, as 89 investors sold Activision Blizzard, Inc. shares while 195 reduced holdings.

Other equities analysts have also recently issued research reports about the stock.

Like this



11 August 2019
Nintendo Switch Online August NES Titles Revealed
These titles will be available for free as an update to the NES- Nintendo Switch Online app to gamers in North America and Europe. Kung-Fu Heroes - Monsters have taken Princess Min-Min and the 10 treasures of the land, and the people have fallen into sorrow.

11 August 2019
Richard Gere and Matteo Salvini clash over migrant crisis
The Ocean Viking is registered in Norway, and Italy's far-right Interior Minister Matteo Salvini sent a warning to Oslo this week. The boat has been in limbo since Malta and Italy rejected requests to disembark there.

11 August 2019
Gears 5 is Complete, Ready for September Launch
The well-known Rod Fergusson will also be present at the expected event, representing the software house now working on Gears 5 . Gears 5 will be available for all Xbox Game Pass subscribers on September 6, before its official retail launch on September 10.

11 August 2019
Palestinians and Israeli police clash at Jerusalem holy site
Hamas leader Ismail Haniya spoke of the Al-Aqsa clashes on Sunday, saying it "shows the religious dimension of the conflict". They said the move was in response to police announcing they would consider allowing Jews to ascend the holy site.

11 August 2019
Miley Cyrus and Liam Hemsworth Break Up After Seven Months Of Marriage
A representative for the singer said Saturday the pair decided a break was best while they focus on "themselves and careers ". The singer has occasionally been pretty lax about wearing her ring throughout her engagement to Hemsworth and her marriage.

11 August 2019
Celebs, members push for gym boycott over Trump fundraiser
SoulCyle also issued its own statement, saying it "in no way endorses the political fundraising event being held later this week". Chang urged Ross to "reconsider hosting this fundraiser ..." The gay and transgender community are hardest hit, apparently.

11 August 2019
Niners DE Bosa, CB Verrett to get MRIs on ankles
He missed most of final season with the Buckeyes due to a core muscle injury suffered within the crew's third recreation. You know the type; the guy who you just never know if they're going to get up limping after making a play.

11 August 2019
WhatsApp Likely Working On Boomerang-Like Feature - Expected To Rollout Quickly
The Boomerang feature will join the existing option of converting a video into a GIF if it is less than seven seconds in length. Boomerang feature on Instagram now allows users to endlessly loop a video backwards and forwards, nearly like a GIF.

11 August 2019
Pep Guardiola Eyes Immediate Improvement Despite Five-Star Display at West Ham
Last season saw City pound West Ham 4-0 on the road with the Hammers keeping it a closer contest at the Etihad in a 1-0 City win. On 25 minutes, City made the breakthrough and it was a familiar goal that West Ham have been conceding all pre-seaso.

11 August 2019
Tebow done for season with cut hand
He was injured while fielding a ball in the outfield, Syracuse Mets manager Tony DeFrancesco told reporters on July 23. The Mets expect Tebow, who turns 32 next week, back in 2020 for his fourth season of pro baseball.