Fintel reports that on June 2, 2023, Truist Securities reiterated coverage of Activision Blizzard (NASDAQ:ATVI) with a Buy recommendation.
Analyst Price Forecast Suggests 15.92% Upside
As of June 1, 2023, the average one-year price target for Activision Blizzard is 92.97. The forecasts range from a low of 82.82 to a high of $105.00. The average price target represents an increase of 15.92% from its latest reported closing price of 80.20.
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The projected annual revenue for Activision Blizzard is 9,832MM, an increase of 20.74%. The projected annual non-GAAP EPS is 3.98.
What is the Fund Sentiment?
There are 2206 funds or institutions reporting positions in Activision Blizzard. This is an increase of 27 owner(s) or 1.24% in the last quarter. Average portfolio weight of all funds dedicated to ATVI is 0.69%, a decrease of 7.82%. Total shares owned by institutions increased in the last three months by 0.56% to 687,277K shares. © Provided by FintelATVI / Activision Blizzard Inc Put/Call RatiosThe put/call ratio of ATVI is 1.51, indicating a bearish outlook.
What are Other Shareholders Doing?
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.
Geode Capital Management holds 15,408K shares representing 1.96% ownership of the company. In it's prior filing, the firm reported owning 15,380K shares, representing an increase of 0.18%. The firm increased its portfolio allocation in ATVI by 3.50% 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 BandicootT, Blizzard Entertainment's World of Warcraft®, Overwatch®, Hearthstone®, Diablo®, and StarCraft®, and King's Candy CrushT, Bubble WitchT, and Farm HeroesT. Headquartered in Santa Monica, California, Activision Blizzard has operations throughout the world.
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This story originally appeared on Fintel.