Activision Blizzard, Inc. Draws Bearish Options Activity Today

 Activision Blizzard, Inc. Draws Bearish Options Activity Today

In today’s session Activision Blizzard, Inc. (ATVI) recorded an unusually high (7,174) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious ATVI decrease. With 7,174 contracts traded and 474 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: ATVI161021P00043500 closed last at: $0.55 or 20.3% down. About 3.49M shares traded hands. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 36.91% since March 1, 2016 and is uptrending. It has outperformed by 27.67% the S&P500.

Analysts await Activision Blizzard, Inc. (NASDAQ:ATVI) to report earnings on November, 7. They expect $0.38 EPS, up 111.11% or $0.20 from last year’s $0.18 per share. ATVI’s profit will be $280.48M for 28.91 P/E if the $0.38 EPS becomes a reality. After $0.40 actual EPS reported by Activision Blizzard, Inc. for the previous quarter, Wall Street now forecasts -5.00% negative EPS growth.

Activision Blizzard, Inc. (NASDAQ:ATVI) Ratings Coverage

Out of 22 analysts covering Activision Blizzard (NASDAQ:ATVI), 19 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 86% are positive. $56 is the highest target while $29.51 is the lowest. The $41.47 average target is -5.62% below today’s ($43.94) stock price. Activision Blizzard has been the topic of 60 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock with “Overweight” rating in Thursday, March 17 report. Benchmark maintained Activision Blizzard, Inc. (NASDAQ:ATVI) on Friday, February 12 with “Buy” rating. On Wednesday, August 5 the stock rating was maintained by Barclays Capital with “Overweight”. M Partners maintained the shares of ATVI in a report on Friday, October 23 with “Buy” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, August 6. The rating was maintained by Piper Jaffray on Monday, August 10 with “Overweight”. Barclays Capital maintained the stock with “Overweight” rating in Thursday, June 16 report. The rating was maintained by Mizuho on Tuesday, September 6 with “Buy”. Credit Suisse maintained Activision Blizzard, Inc. (NASDAQ:ATVI) on Monday, January 25 with “Outperform” rating. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) has “Buy” rating given on Friday, February 12 by UBS.

Insitutional Activity: The institutional sentiment increased to 1.38 in 2016 Q2. Its up 0.33, from 1.05 in 2016Q1. The ratio is positive, as 39 funds sold all Activision Blizzard, Inc. shares owned while 173 reduced positions. 84 funds bought stakes while 208 increased positions. They now own 598.35 million shares or 17.54% more from 509.05 million shares in 2016Q1.
Metropolitan Life Ins Company Ny reported 290,057 shares or 0.09% of all its holdings. Omers Administration Corporation holds 0.05% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI) for 56,700 shares. Morgan Stanley, a New York-based fund reported 983,213 shares. Thornburg Investment Mngmt has 0.38% invested in the company for 1.25 million shares. Parametric Portfolio Assoc Ltd Liability has 1.84M shares for 0.11% of their US portfolio. Citigroup, a New York-based fund reported 664,914 shares. Utah Retirement reported 102,386 shares or 0.11% of all its holdings. California Pub Employees Retirement Systems has 0.1% invested in the company for 1.63 million shares. The New York-based Catalyst Ltd has invested 1.36% in Activision Blizzard, Inc. (NASDAQ:ATVI). Stevens Capital Mngmt Limited Partnership accumulated 0.07% or 46,702 shares. Moreover, Rs Inv Limited Com has 0.15% invested in Activision Blizzard, Inc. (NASDAQ:ATVI) for 358,436 shares. Camarda Advsr Limited Liability Co has 0.01% invested in the company for 444 shares. Texas Permanent School Fund has 165,264 shares for 0.09% of their US portfolio. Cubist Systematic Strategies Lc, a Connecticut-based fund reported 31,198 shares. Davidson Kempner Cap Management Lp holds 2.23% or 1.25 million shares in its portfolio.

Insider Transactions: Since May 13, 2016, the stock had 1 insider buy, and 13 selling transactions for $943.67 million net activity. $1.95 million worth of Activision Blizzard, Inc. (NASDAQ:ATVI) was sold by Walther Christopher B on Friday, September 2. $1.31M worth of Activision Blizzard, Inc. (NASDAQ:ATVI) shares were sold by MORGADO ROBERT J. Durkin Dennis M also sold $4.96M worth of Activision Blizzard, Inc. (NASDAQ:ATVI) on Tuesday, August 30. 44,427 shares were sold by Tippl Thomas, worth $1.86M. $795,842 worth of Activision Blizzard, Inc. (NASDAQ:ATVI) was bought by NOLAN PETER J on Tuesday, August 16. ZACCONI RICCARDO had sold 19,761 shares worth $803,380 on Monday, August 8. Another trade for 1.15 million shares valued at $43.88 million was made by Morhaime Michael on Monday, June 13.

Activision Blizzard, Inc. is a developer and publisher of online, personal computer , video game console, handheld, mobile and tablet games. The company has a market cap of $32.43 billion. The Firm operates through Activision Publishing, Inc. (Activision) and its subsidiaries, Blizzard Entertainment, Inc. (Blizzard) and its subsidiaries, and Other divisions. It has a 44.13 P/E ratio. The Firm also develops products spanning other genres, including first-person action, action/adventure, role-playing, simulation and strategy.

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