This was higher than $159 million, or $0.21 per share, in last year's fourth quarter. The analysts, on average, are forecasting a $48.1 price target, but the stock is already up 51.2% from its recent lows. Activision Blizzard, Inc has a 1-year low of $26.49 and a 1-year high of $45.55. The firm's quarterly revenue was up 81.2% compared to the same quarter past year. The share price of the stock surged 5.11% for the year. Zacks Investment Research lowered shares of Activision Blizzard from a "buy" rating to a "hold" rating in a report on Monday, December 12th. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 34.52. The company has a market cap of $386.2B and now has 2.88B shares outstanding. EPS ratio determined by looking at last 12 month figures is 1.15. GAAP net revenues from digital channels were a record $4.87 billion, growing 94% year-over-year.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction dated Thursday, November 17th. Over the last six months and over the last three months, the shares of Activision Blizzard, Inc. Before Earnings Announcement on 08/04/2016, the firm had its stock price of $40.83. The company's shares were closed at 35.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. California State Teachers Retirement System increased its stake in Activision Blizzard by 7.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 17,171,623 shares of the company's stock worth $760,703,000 after buying an additional 2,891,812 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Activision Blizzard during the second quarter valued at $1,337,000.
The Stock has Weekly volatility of 2.04% and monthly volatility of 1.72%. TIAA CREF Investment Management LLC boosted its stake in shares of Activision Blizzard by 3.4% in the third quarter. The stock is a Buy among 9 brokerage firms polled by Factset Research. Robert W. Baird restated an outperform rating on shares of Activision Blizzard in a report on Friday.
Activision Blizzard, Inc. (NASDAQ:ATVI) now has a PEG ratio of 1.67 where as its P/E ratio is 34.52. Analysts have a mean recommendation of 1.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).
The Plan, which is similar to tax benefit protection plans adopted by other public companies, is created to preserve the Company's tax benefits by deterring transfers of the Company's common stock that could result in an "ownership change".
TRADEMARK VIOLATION NOTICE: This report was originally posted by Community Financial News and is the property of of Community Financial News.
While taking a glance at financials, we can look at a number of key indicators about Activision Blizzard, Inc.'s (ATVI).