Aggressive’ Bearish Options Activity Seen in Activision Blizzard, Inc.

 Aggressive' Bearish Options Activity Seen in Activision Blizzard, Inc.

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 4.43M 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 earnings per share, up 111.11% or $0.20 from last year’s $0.18 per share. ATVI’s profit will be $280.49M for 28.94 P/E if the $0.38 EPS becomes a reality. After $0.40 actual earnings per share 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 -5.73% below today’s ($43.99) stock price. Activision Blizzard has been the topic of 60 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Friday, August 7, the company rating was maintained by Benchmark. The rating was maintained by UBS with “Buy” on Wednesday, November 4. The firm earned “Buy” rating on Monday, July 27 by M Partners. The rating was maintained by Mizuho on Wednesday, August 5 with “Buy”. M Partners maintained Activision Blizzard, Inc. (NASDAQ:ATVI) rating on Friday, October 23. M Partners has “Buy” rating and $38.0 price target. The rating was maintained by Barclays Capital on Tuesday, September 15 with “Overweight”. Brean Capital maintained Activision Blizzard, Inc. (NASDAQ:ATVI) rating on Wednesday, August 5. Brean Capital has “Buy” rating and $32 price target. The firm has “Overweight” rating by Barclays Capital given on Thursday, June 16. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) earned “Buy” rating by UBS on Wednesday, August 5. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) earned “Buy” rating by Mizuho on Tuesday, September 6.

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.
1St Glob Advsr Inc holds 0.13% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI) for 24,230 shares. Voloridge Invest Mgmt Limited Com, a Florida-based fund reported 1.25M shares. Fmr Ltd last reported 105.34M shares in the company. Moreover, Us State Bank De has 0.02% invested in Activision Blizzard, Inc. (NASDAQ:ATVI) for 148,441 shares. Tudor Investment Et Al owns 18,023 shares or 0.02% of their US portfolio. Shelton Cap Management accumulated 0.16% or 45,636 shares. Diam Com has invested 0.09% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). Robeco Institutional Asset Management Bv has 0.14% invested in the company for 472,526 shares. Artemis Invest Limited Liability Partnership accumulated 751,591 shares or 0.49% of the stock. Dumont & Blake Advisors Ltd Liability holds 0.1% or 6,000 shares in its portfolio. Shinko Asset Mgmt Limited last reported 1,497 shares in the company. Jane Street Gru Lc has 0.01% invested in the company for 35,187 shares. Herndon Cap Mngmt Limited Liability Co, a Georgia-based fund reported 47 shares. Springbok Capital Mgmt Limited Liability Corp last reported 25,120 shares in the company. Oakbrook Ltd Liability has 61,450 shares for 0.13% of their US portfolio.

Insider Transactions: Since May 13, 2016, the stock had 1 buy, and 13 sales for $943.67 million net activity. On Monday, August 15 KELLY BRIAN G sold $523.03 million worth of the stock or 12.91 million shares. KOTICK ROBERT A sold 8.57M shares worth $347.24 million. Tippl Thomas sold $3.28 million worth of Activision Blizzard, Inc. (NASDAQ:ATVI) on Wednesday, September 14. $960,720 worth of Activision Blizzard, Inc. (NASDAQ:ATVI) was sold by MORGADO ROBERT J. Morhaime Michael had sold 1.15 million shares worth $43.88 million on Monday, June 13. $2.70M worth of shares were sold by Wereb Stephen G on Friday, May 20. The insider Walther Christopher B sold $1.95M.

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 $32.47 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 44.18 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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