Activision Blizzard, Inc. (NASDAQ:ATVI)’s traded shares stood at 1,338,908 during the latest session, with the company’s beta value hitting 0.61. At the last check today, the stock’s price was $97.01, to imply an increase of 2.14% or $2.03 in intraday trading. The ATVI share’s 52-week high remains $104.53, putting it -7.75% down since that peak but still an impressive +30.52% since price per share fell to its 52-week low of $67.4. The company has a valuation of $75.33 Billion, with an average of 4.12 Million shares in intraday trading volume over the past 10 days and average of 5.91 Million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Activision Blizzard, Inc. (ATVI), translating to a mean rating of 1.9. Of 33 analyst(s) looking at the stock, none analyst(s) give ATVI a Sell rating. 4 of those analysts rate the stock as Overweight while 3 advise Hold as 25 recommend it as a Buy. 1 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.74.
After registering a 2.14% upside in the latest session, Activision Blizzard, Inc. (ATVI) has traded red over the past five days. The stock hit a weekly high of $98.08 this Friday, May 28, jumping 1.19% in its intraday price action. The 5-day price performance for the stock is -0.35%, and 9.27% over 30 days. With these gigs, the year-to-date price performance is 4.37%. Short interest in Activision Blizzard, Inc. (NASDAQ:ATVI) saw shorts transact 8.13 Million shares and set a 1.38 days time to cover.
Analysts on Wall Street suggest a consensus price target of $114.76, implying an increase of 18.3% to the stock’s recent value. The extremes give us $85 and $125 for target low and target high price respectively. As such, ATVI has been trading 28.85% off suggested target high and -12.38% from its likely low.
Activision Blizzard, Inc. (ATVI) estimates and forecasts
Looking at statistics comparing Activision Blizzard, Inc. share performance against respective industry, we note that the company has underperformed competitors. Activision Blizzard, Inc. (ATVI) shares are +18.83% up over the last 6 months, with its year-to-date growth rate lower than industry average at 8.93% against 9.8%. But the analysts are tempering their growth estimates for the 2021 fiscal year. Revenue is forecast to decline -23.7% this quarter before jumping 5.6% for the next one. The rating firms project that company’s revenue will grow 4.5% compared to the previous financial year.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 18.8% for the past 5-year period. While 2021 is set for a 44.9% return in earnings, projections for the next 5 years are at 18.69% annually.
Activision Blizzard, Inc. has its next earnings report out between August 02 and August 06, 2021. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Activision Blizzard, Inc. has a forward dividend ratio of 0.47, with the share yield ticking at 0.53% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.58%.
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Activision Blizzard, Inc. (NASDAQ:ATVI)’s Major holders
Activision Blizzard, Inc. insiders hold 0.81% of total outstanding shares, with institutional holders owning 90.1% of the shares at 90.84% float percentage. In total, 1855 institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Mar 30, 2021, the company held over 64.34 Million shares (or 8.28% of shares), all amounting to roughly $5.98 Billion.
The next major institution holding the largest number of shares is Blackrock Inc. with 58.12 Million shares, or about 7.48% of shares outstanding. As of the market price on Mar 30, 2021, these shares were worth $5.41 Billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Activision Blizzard, Inc. (ATVI) shares. Going by data provided on Mar 30, 2021, Vanguard Total Stock Market Index Fund holds roughly 21,833,172 shares. This is just over 2.81% of the total shares, with a market valuation of $2.03 Billion. Data from the same date shows that the other fund manager holds a little less at 15.86 Million, or 2.04% of the shares, all valued at about $1.48 Billion.