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 3.24M 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 $280.46M for 28.88 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 -5.54% below today’s ($43.9) stock price. Activision Blizzard has been the topic of 60 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Mizuho maintained the shares of ATVI in a report on Wednesday, August 5 with “Buy” rating. The firm earned “Buy” rating on Friday, August 5 by Mizuho. UBS maintained Activision Blizzard, Inc. (NASDAQ:ATVI) rating on Friday, May 6. UBS has “Buy” rating and $42 price target. Barclays Capital maintained Activision Blizzard, Inc. (NASDAQ:ATVI) rating on Thursday, March 17. Barclays Capital has “Overweight” rating and $35 price target. On Friday, August 5 the stock rating was maintained by Jefferies with “Buy”. The rating was upgraded by Zacks on Friday, August 7 to “Hold”. The firm has “Buy” rating by Jefferies given on Wednesday, August 5. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) has “Buy” rating given on Friday, August 7 by Benchmark. As per Thursday, August 6, the company rating was downgraded by Hilliard Lyons. Piper Jaffray maintained the stock with “Overweight” rating in Monday, September 28 report.
Insitutional Activity: The institutional sentiment increased to 1.38 in 2016 Q2. Its up 0.33, from 1.05 in 2016Q1. The ratio improved, 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.
Nelson Roberts Invest Advsr Ltd Llc, a California-based fund reported 684 shares. Bluemountain Limited Com last reported 32,030 shares in the company. Moreover, Scopus Asset Mgmt L P has 1.65% invested in Activision Blizzard, Inc. (NASDAQ:ATVI) for 3.13M shares. The Illinois-based Magnetar Fin Limited Liability Company has invested 0.01% in Activision Blizzard, Inc. (NASDAQ:ATVI). Thornburg Invest accumulated 1.25 million shares or 0.38% of the stock. Meeder Asset Inc last reported 65,603 shares in the company. Cadian Management Limited Partnership accumulated 1.67% or 765,000 shares. Frontier Capital Limited Liability Corp last reported 3.39M shares in the company. First Foundation Advisors, a California-based fund reported 18,910 shares. Utah Retirement has invested 0.11% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). Calamos Wealth Mgmt Ltd Liability Corporation holds 0.26% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI) for 37,028 shares. Balasa Dinverno And Foltz Ltd Liability Corporation last reported 0.04% of its portfolio in the stock. Aviva Public Ltd Company holds 413,800 shares or 0.11% of its portfolio. State Bank Of Nova Scotia holds 0.02% or 106,730 shares in its portfolio. Dimensional Fund Advisors Ltd Partnership last reported 0.08% of its portfolio in the stock.
Insider Transactions: Since May 13, 2016, the stock had 1 buy, and 13 insider sales for $943.67 million net activity. Shares for $3.28M were sold by Tippl Thomas on Wednesday, September 14. $795,842 worth of Activision Blizzard, Inc. (NASDAQ:ATVI) was bought by NOLAN PETER J. Walther Christopher B had sold 45,574 shares worth $1.95M. KELLY BRIAN G had sold 12.91M shares worth $523.03M on Monday, August 15. 19,761 shares were sold by ZACCONI RICCARDO, worth $803,380. MORGADO ROBERT J had sold 29,999 shares worth $1.31 million on Wednesday, September 14. Another trade for 8.57M shares valued at $347.24M was sold by KOTICK ROBERT A.
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 $32.40 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 44.09 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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