ATVI - Activision Blizzard, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
46.71
+0.29 (+0.62%)
As of 1:16PM EDT. Market open.
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Previous Close46.42
Open46.37
Bid46.76 x 1200
Ask46.77 x 900
Day's Range46.37 - 47.09
52 Week Range39.85 - 84.68
Volume7,203,146
Avg. Volume13,386,173
Market Cap35.679B
Beta (3Y Monthly)0.82
PE Ratio (TTM)19.88
EPS (TTM)2.35
Earnings DateMay 1, 2019 - May 6, 2019
Forward Dividend & Yield0.37 (0.82%)
Ex-Dividend Date2019-03-27
1y Target Est52.78
Trade prices are not sourced from all markets
  • The Zacks Analyst Blog Highlights: Zynga, Take- Two and Activision
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  • Benzinga5 hours ago

    Battle Royale: Morgan Stanley Cautiously Upbeat On EA, Activision

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  • ACCESSWIRE22 hours ago

    The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of ATVI, SYNH and USX

    NEW YORK, NY / ACCESSWIRE / March 19, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have ...

  • Barrons.com22 hours ago

    Activision Blizzard Stock Is Up Because Everyone Loves Free Games

    Activision stock was recently up 3.7% to $46.63. The company on Monday night said Call of Duty: Mobile would be available in North America, Europe, and elsewhere, via a partnership with Tencent. The game is based on its popular Call of Duty franchise—one of the top-selling games in recent years.

  • GlobeNewswire22 hours ago

    FINAL DEADLINE - (ATVI) Activision Blizzard, Inc. - Bronstein, Gewirtz & Grossman, LLC - March 19, 2019

    Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Activision Blizzard, Inc. ("Activision" or the "Company") (NASDAQ:  ATVI) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Activision securities from August 2, 2018 and January 10, 2019, inclusive (the “Class Period”). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

  • Why the Status Quo Won’t Boost Activision Stock
    InvestorPlaceyesterday

    Why the Status Quo Won’t Boost Activision Stock

    It's not difficult to understand why some investors see Activision Blizzard (NASDAQ:ATVI) as attractive at current levels. After all, Activision stock is much cheaper than it used to be, having dropped some 47% from its early October highs.Source: Shutterstock And while the company's 2019 guidance was disappointing, ATVI stock still has some positive catalysts. The gaming market is still growing, and Activision Blizzard can tap into that growth with three attractive franchises. * Top 7 Service Sector Stocks That Will Pay You to Own Them On this site earlier this month, both Will Ashworth and Josh Enomoto have explained why investors should "buy the dip" of ATVI stock. Both authors made good points.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMoreover, Activision stock traded above $80 just a few months ago. It's one of the giants of gaming, along with Electronic Arts (NASDAQ:EA) and Take-Two Interactive (NASDAQ:TTWO). Some of the company's headwinds should fade, and it should resume growing.But I've been skeptical about ATVI stock for a long time, and even after its pullback, I'm not ready to turn bullish on Activision stock. Trading at 21 times the company's 2019 earnings per share guidance, excluding certain items, ATVI is not necessarily cheap. And from a broader standpoint, I'm still not sure whether Activision's growth can accelerate going forward.For the past decade, ATVI 's profits haven't increased much, especially in metrics other than earnings per share. Looking forward, ATVI still needs to show that it can raise its bottom line before investors should jump into Activision stock. Two Brilliant MovesBack in 2010, Activision generated 79 cents of adjusted EPS. In 2019, the company provided EPS guidance of $2.10, again excluding certain items.Over the nine years, that's an 11.4% compound annual growth rate (CAGR), even though the company is expecting its EPS to decline sharply this year from the $2.72 of adjusted EPS it reported in 2018. Still, averaging annual EPS growth of more than 10% over a decade seems to suggest that Activision's business is performing well, while its profits are steadily growing.That's not really the case, however. Over that stretch, Activision's EPS spiked twice. In 2013, ATVI repurchased Activision stock from its former majority shareholder, Vivendi SA (OTCMKTS:VIVHY). That deal boosted Activision's EPS by over 25%. Three years later, ATVI bought Candy Crush developer King Digital Entertainment for $5.9 billion.Both deals were brilliant. ATVI paid $13.60 per share for the ATVI stock it acquired from Vivendi. Activision stock, of course, is up more than 200% from those levels even after its recent declines. And the King deal was risky, as many observers thought that Candy Crush's revenue was poised to decline. Instead, its bookings have continued to grow, while the success of Zynga (NASDAQ:ZNGA) has further demonstrated the resilience of the social-gaming space.Again, both deals were great moves by Activision management. But those moves aside, the company's business simply hasn't been that impressive. Activision Stock's Growth ProblemBack in 2010, ATVI generated adjusted net income of $991 million. In 2015, the figure had actually dropped to $975 million. But since the Vivendi deal shrank the amount of Activision stock outstanding, the company's EPS rose to $1.32 in 2015, versus the 79 cents that it had reported five years earlier.King, meanwhile,added $600 million to ATVI's net profit, while tax reform tacked on over $100 million in 2018. Even if ATVI's business doesn't grow at all this year, its net income would still reach about $1.7 billion.However, the company's EPS guidance indicates that its net income will come in at just $1.63 billion. Even accounting for the fact that Activision historically has guided conservatively and excluding King's contribution, ATVI will probably wind up generating close to zero pre-tax profit growth between 2010 and 2019.That's nine years in which the economy has been good. Additionally, the increased popularity of digital downloads should be boosting the company's revenue and margins, as middlemen like retailer GameStop (NYSE:GME) have been cut out of many transactions. And demand for video games - both in the U.S. and overseas - has steadily risen.With all those benefits, the earnings of Activision Blizzard's business has not grown this decade. ATVI made two great deals, but its business has been stagnant. What Can Boost ATVI Stock?In that context, the question going forward is: what changes can provide a catalyst for Activision stock? And I'm not sure that Activision has provided an answer.ATVI did announce last month that it would restructure and lay off roughly 775 of its employees. That should save it some money, but hardly enough to move the needle. Even $100 million of savings would only boost its earnings by about 6%. And the company's plan to "refocus its resources on its largest opportunities," as the company put it in an 8-K filing, raises yet another question. What, exactly, are those opportunities?The company's core franchises - Candy Crush, Call of Duty, and World of Warcraft - still are performing reasonably well. For a long time, many people have thought that World of Warcraft, for instance, has been poised to decline. But according to Activision's 10-K, the game's net bookings rose year-over-year in 2018. The same is true for the company's other two key franchises.Still, those games aren't growing all that quickly. And since they only account for 58% of its total revenue, they certainly won't be profitable enough to support the company's 20+ P/E multiple.Meanwhile, the rest of the company's portfolio appears to be struggling. Overwatch generated over 10% of the company's revenue in 2017 and less than 10% of it in 2018, according to the company's SEC filing. The company stunned investors in January by basically giving away Destiny. Hearthstone, and Diablo has faded.And now Activision Blizzard is blaming the decline of its earnings in 2019 to a light slate of new products and responding by laying off employees. Was Activision carrying dead weight for years? Or are there simply not that many opportunities for ATVI to chase?In any event, Activision needs an answer to the broader question: what can jump start its growth? The profit growth of its old games isn't going to suddenly start to accelerate. Its newer games are declining, and it doesn't have another hit on the horizon right now.That' outlook is not good enough to support the current valuation of Activision stock. Unless Activision's management can convince investors that it has a better plan, Activision stock probably won't rally.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Financial Stocks to Invest In Today * 7 Single-Digit P/E Stocks With Massive Upside * 5 Chip Stocks on the Rise Compare Brokers The post Why the Status Quo Won't Boost Activision Stock appeared first on InvestorPlace.

  • ACCESSWIREyesterday

    CLASS ACTION UPDATE for ATVI, CORT and USX: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

    NEW YORK, NY / ACCESSWIRE / March 19, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...

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    ATVI, XXII, ARLO – CLASS ACTION - Bronstein, Gewirtz & Grossman, LLC

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  • Markityesterday

    See what the IHS Markit Score report has to say about Activision Blizzard Inc.

    Activision Blizzard Inc NASDAQ/NGS:ATVIView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for ATVI with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ATVI. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding ATVI are favorable, with net inflows of $12.31 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

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  • Business Wire2 days ago

    Call of Duty: Mobile Revealed

    Activision, in collaboration with Tencent, today announced that Call of Duty®: Mobile is coming to previously unannounced regions, including North America, South America, Europe, and more. Call of Duty: Mobile is a new free-to-play game that brings together maps, modes, weapons, and characters from across the Call of Duty franchise, including Black Ops and the Modern Warfare series. Developed by Tencent’s award-winning Timi studio, exclusively for Android and iOS, the game features multiple game modes pitting players in head-to-head, competitive action as they test their skills against players all around the world.

  • Business Wire2 days ago

    Robbins Arroyo LLP: Activision Blizzard, Inc. (ATVI) Sued for Misleading Shareholders

    Shareholder rights law firm Robbins Arroyo LLP announces that shareholders of Activision Blizzard, Inc. (ATVI) filed a class action complaint against the company for alleged violations of the Securities and Exchange Act of 1934 between August 2, 2018 and January 10, 2019. Activision develops and distributes video games. According to the complaint, on April 29, 2010, Activision announced that its wholly owned subsidiary Activision Publishing, Inc. entered into an agreement with Bungie, Inc., giving Activision exclusive rights to publish and distribute video games developed by Bungie for the next ten years.

  • GlobeNewswire2 days ago

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  • GlobeNewswire2 days ago

    DEADLINE TOMORROW: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Activision Blizzard, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Activision Blizzard, Inc. (“Activision Blizzard” or “the Company”) (NASDAQ: ATVI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Activision Blizzard’s termination of its partnership with Bungie Inc., which would give full publishing rights for the Destiny gaming franchise to Bungie, was about to occur.

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  • ACCESSWIRE2 days ago

    SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against DBV Technologies S.A. (DBVT), Activision Blizzard, Inc. (ATVI) & 22nd Century Group, Inc. (XXII)

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  • 2 Reasons Take-Two Stock Is the Easy Pick to Own in the Video-Game Business
    InvestorPlace2 days ago

    2 Reasons Take-Two Stock Is the Easy Pick to Own in the Video-Game Business

    The past six months have been tough ones for video-game stocks like Take-Two Interactive Software (NASDAQ:TTWO) and Activision Blizzard (NASDAQ:ATVI).Source: Via RockstarActivision shares are off nearly 50% from their September peak, while Take-Two stock is down about 35% during the same time period. Electronic Arts (NASDAQ:EA) has lost nearly a third of its value even after rebounding strongly from December's lows. * 7 Small-Cap Stocks That Make the Grade And to be fair, much of the stocks' plunge was deserved. Most of these names were overextended by the middle of last year, and investors were shocked to see just how easily the free online game Fortnite came out of nowhere and was so disruptive to the status quo.InvestorPlace - Stock Market News, Stock Advice & Trading TipsEverything about the video-game market is fluid, though, including its stocks. This dip, however, is an opportunity to step into the smallest but arguably the best-of-breed in the business… Take-Two stock. TTWO Wins the Console Loyalty WarsTake-Two is the name behind hits like Red Dead Redemption and the Grand Theft Auto series. Although its Grand Theft Auto franchise is the most successful video-game series ever in terms of revenue, TTWO has developed many fewer games than rivals like EA and Activision.TTWO also produces distinctly different kinds of game that may be counterintuitive on the surface. However, they are great money makers.Contrary to popular belief, gaming consoles like Microsoft's (NASDAQ:MSFT) Xbox and PlayStation from Sony (NYSE:SNE) are still a big deal. Although it is true that PC gaming is growing, console-play is also still growing, and its rising tide is lifting all boats.The industry's response to the expansion of the PC-games market has largely been to attempt to be all things to all people. EA now offers subscription-based access to PC-only games via its Origin Access program, while Microsoft now enables subscribers to its Game Pass service to access PC-based games.TTWO has tiptoed down the same path too, although not as much as its competitors. Over the course of the past three quarters, 85% of its revenue came from console players.It's a detail some investors find interesting, if not outright concerning. There's a method to Take-Two's madness, though.Rather than spreading its wings too far, the company has thus far focused on what it knows it does best: making great console games.A PC version of Grand Theft Auto V was eventually released, but it wasn't a priority. Meanwhile, although there are rumors that a PC version of Red Dead Redemption 2 will be released, it also doesn't appear to be a priority for the company.The strategy is effective and positive for Take-Two stock, even if it ultimately limits the company's top line. Staying in the Good Graces of GamersMost investors who aren't avid video-game players may not realize it, but regular players will readily recognize another not-so-subtle shift in the gaming business: the advent of in-game purchases called microtransactions. The latter phenomenon has grown from being a fun and easy way to enhance game-play for a couple bucks to a full-blown profit center in and of itself.The matter reached a fever-pitched frenzy in late-2017, after EA launched a new game. Gamers quickly learned the hard way that to be able to use some of the coolest weaponry or play as some of the coolest characters required either a massive amount of playing time or $80. That's more than buying the game cost.In-game purchases haven't gone away since then. Although most game developers have pushed them less aggressively recently, they're still a problem. The industry hasn't yet seemed to figure out what's fair when it comes to in-game purchases and where gamers draw the line.Take-Two has exercised considerably more restraint than its rivals have, however. Through the first nine months of the recently-ended fiscal year, only about one-third of the company's revenue came from what TTWO described as "recurrent consumer spending." The other two-thirds was driven by selling games.For perspective, a year ago Activision Blizzard reported that it had taken in more money from microtransactions than it did from actually selling video games.Many players claim they don't like the new normal, and some vowed to boycott EA in response to what they saw as its overly aggressive microtransaction tactics. But most complainers never follow through on their promises.On the flip side, it's also quite likely that many gamers haven't complained -- vocally -- at all, yet gravitate toward games like Take-Two's that don't cost quite so much to make the most of and are seen as a much better value. If that's the case, it's certainly a positive attribute for Take-Two and Take-Two stockTTWO CEO Strauss Zelnick has made a point of advancing the microtransaction minimization strategy explaining last year "Are you a monetization company or are you an entertainment company? We're an entertainment company and when we get that right, everything else flows from it." The Bottom Line on Take-Two StockWhile TTWO has worked its way into the upper echelon of game-publishing outfits by being the least typical company in the business, it's not bulletproof. It suffers the same cyclical swings that its rivals and console technologies do. The recent selloff of Take-Two stock illustrates that point.Nevertheless, Take-Two seems to fare better against headwinds than its rivals, and Take-Two stock bounces back better than the shares of its rivals do when disruptions like Fortnite come down the pike.Not every investor has to own Take-Two stock. But for investors who have to own a video-gaming name, Take-Two stock is an easy name to buy and just let simmer. It's even easier to buy TTWO stock on a dip like the one it just experienced.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. 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  • Benzinga3 days ago

    Insider Buys Of The Week: Activision, Arconic, CVS Health

    Insider buying can be an encouraging signal for potential investors. Conventional wisdom says that insiders and 10 percent owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. Activision Blizzard, Inc. (NASDAQ: ATVI) saw a director step up to the buy window week.

  • GlobeNewswire3 days ago

    CLASS ACTION UPDATE for ATVI, ASTE, VALE and INGN: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

    Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided.