Fintel reports that on July 20, 2023, Jefferies downgraded their outlook for Activision Blizzard (NASDAQ:ATVI) from Buy to Hold.
Analyst Price Forecast Suggests 0.52% Upside
As of July 6, 2023, the average one-year price target for Activision Blizzard is 92.77. The forecasts range from a low of 82.82 to a high of $105.00. The average price target represents an increase of 0.52% from its latest reported closing price of 92.29.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Activision Blizzard is 9,832MM, an increase of 12.93%. The projected annual non-GAAP EPS is 3.98.
What is the Fund Sentiment?
There are 2215 funds or institutions reporting positions in Activision Blizzard. This is an increase of 36 owner(s) or 1.65% in the last quarter. Average portfolio weight of all funds dedicated to ATVI is 0.69%, an increase of 2.34%. Total shares owned by institutions increased in the last three months by 1.13% to 689,572K shares. The put/call ratio of ATVI is 1.39, indicating a bearish outlook.
What are Other Shareholders Doing?
Bank Julius Baer & Co. Ltd, Zurich holds 128,371K shares representing 16.33% ownership of the company. In it’s prior filing, the firm reported owning 134K shares, representing an increase of 99.90%. The firm decreased its portfolio allocation in ATVI by 10.61% over the last quarter.
Berkshire Hathaway holds 49,440K shares representing 6.29% ownership of the company. In it’s prior filing, the firm reported owning 52,717K shares, representing a decrease of 6.63%. The firm decreased its portfolio allocation in ATVI by 3.56% over the last quarter.
Public Investment Fund holds 37,909K shares representing 4.82% ownership of the company. No change in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 21,854K shares representing 2.78% ownership of the company. In it’s prior filing, the firm reported owning 21,402K shares, representing an increase of 2.07%. The firm increased its portfolio allocation in ATVI by 5.42% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 16,618K shares representing 2.11% ownership of the company. In it’s prior filing, the firm reported owning 16,464K shares, representing an increase of 0.93%. The firm increased its portfolio allocation in ATVI by 4.66% over the last quarter.
Activision Blizzard Background Information
(This description is provided by the company.)
Activision Blizzard, Inc. connects and engages the world through epic entertainment. A member of the Fortune 500 and S&P 500, Activision Blizzard is a leading interactive entertainment company. It delights hundreds of millions of monthly active users around the world through franchises including Activision’s Call of Duty® and Crash Bandicoot™, Blizzard Entertainment’s World of Warcraft®, Overwatch®, Hearthstone®, Diablo®, and StarCraft®, and King’s Candy Crush™, Bubble Witch™, and Farm Heroes™. Headquartered in Santa Monica, California, Activision Blizzard has operations throughout the world.
This article originally appeared on Fintel
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