Activision Blizzard Stock Price Falls After Reports Of Layoffs, Lower Sales Projections

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The Activision Blizzard, Inc. 122 funds acquired stakes and 269 increased stakes.

Telos Cap Mngmt holds 0.74% or 27,797 shs.

More notable recent Activision Blizzard, Inc. (NASDAQ:ATVI). Tiverton Asset Management Ltd Llc owns 20,388 shares or 0.08% of their United States portfolio. For shares of Activision Blizzard, Inc. (NASDAQ:ATVI). Montrusco Bolton Investments holds 0.88% or 172,076 shs.

The stock institutional ownership counted 92.9% while insider ownership held at 0.7%. Vantage Advisors Limited Liability Com reported 0% of its capital in Activision Blizzard, Inc. Stephens was of a view that ATVI is Overweight in its latest report on January 11th, 2019 while giving it a price target of $65. (NASDAQ:ATVI) for 10,061 shares. Florida-based Raymond James & Assoc has invested 0.05% in Activision Blizzard, Inc.

Among the traditional giant publishers, Activision Blizzard is not alone in its woes: The Bloomberg report notes that Electronic Arts' share price fell by 13 percent earlier this week following a report of disappointing sales, and Take-Two Interactive also tumbled after forecasting sales for the quarter that were below analyst forecasts. Its "Buy" Rating restate by Analysts at The Benchmark Company.

Analysts predict that the aforementioned move will lead to a $400 million reduction in revenue for Activision Blizzard. Тherefore 50% are bullish. Df Dent Co invested 0.1% in Activision Blizzard, Inc. (NASDAQ:ATVI) rating. Barclays Capital has "Overweight" rating and $86 target. On Friday, August 31 the company was downgraded by Bank of America. All in all, the trends of the stock market were shifting slowly but surely. The stock has "Outperform" rating by Wedbush on Monday, October 1. On Tuesday, January 29 Oppenheimer downgraded the shares of ATVI in report to "Market Perform" rating. On Thursday, December 6 JP Morgan upgraded the shares of ATVI in report to "Overweight" rating. It has underperformed by 22.23% the S&P500. EPS is seen in a range of $0.36 to $0.64, against the $0.61 reported a year ago. Analyst established EPS growth expected to grow of -7.00% for this year and EPS growth for next year is likely to attain at -1.85%. The Company has a profit margin of 8.1% and an operating of 20.4%. Activision Blizzard, Inc. now has a market cap of $30.99B, while its P/E ratio stands at 25.43, while its P/E earnings growth sits at 4.33, with a beta of 0.88. What's more, with the video game market is projected to reach $180.2 billion in 2021, up from roughly $138 billion in 2018, Activision must guide in a way that suggests it expects to capture a sizable chunk of that market.

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