It Seems Activision Blizzard, Inc. Will Go Down. Had Bearish Options Activity

 It Seems Activision Blizzard, Inc. Will Go Down. Had Bearish Options Activity

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 606,974 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 $280.49 million 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. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, August 5. The firm has “Outperform” rating by Macquarie Research given on Wednesday, November 4. The rating was maintained by Piper Jaffray with “Overweight” on Monday, August 10. The firm earned “Overweight” rating on Monday, September 28 by Piper Jaffray. The firm has “Hold” rating by Zacks given on Friday, August 7. Pacific Crest maintained Activision Blizzard, Inc. (NASDAQ:ATVI) on Friday, August 7 with “Overweight” rating. Stifel Nicolaus maintained Activision Blizzard, Inc. (NASDAQ:ATVI) rating on Monday, May 9. Stifel Nicolaus has “Buy” rating and $45 price target. KeyBanc Capital Markets maintained it with “Overweight” rating and $41 target price in Thursday, November 5 report. The rating was maintained by M Partners with “Buy” on Wednesday, August 5. The rating was maintained by M Partners on Monday, July 27 with “Buy”.

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.
Soros Fund Management Limited Liability Co, a New York-based fund reported 378,981 shares. Henderson Public Ltd accumulated 1.82 million shares or 0.6% of the stock. Employees Retirement Association Of Colorado holds 0.04% or 116,618 shares in its portfolio. Loomis Sayles Communications L P last reported 95 shares in the company. Cookson Peirce &, a Pennsylvania-based fund reported 431,080 shares. Thompson Davis & reported 1,114 shares or 0.07% of all its holdings. Jane Street Group Ltd Llc holds 0.01% or 35,187 shares in its portfolio. Teacher Retirement Sys Of Texas accumulated 310,658 shares or 0.08% of the stock. Guardian Life Insur Comm Of America accumulated 1,901 shares or 0.01% of the stock. Art Ltd Liability Company, a New York-based fund reported 61,800 shares. Wells Fargo & Com Mn holds 2.54M shares or 0.04% of its portfolio. Arrow Investment Advsr Ltd has invested 0.16% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). Earnest Prtnrs Ltd Liability Com has invested 0.49% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). Putnam Investments Limited Liability Corporation accumulated 0% or 11,221 shares. Moreover, Commerzbank Aktiengesellschaft Fi has 0.1% invested in Activision Blizzard, Inc. (NASDAQ:ATVI) for 393,674 shares.

Insider Transactions: Since May 13, 2016, the stock had 1 insider purchase, and 13 insider sales for $943.67 million net activity. Shares for $523.03M were sold by KELLY BRIAN G. 20,000 shares with value of $795,842 were bought by NOLAN PETER J on Tuesday, August 16. Morhaime Michael sold $43.88M worth of Activision Blizzard, Inc. (NASDAQ:ATVI) on Monday, June 13. 29,999 shares were sold by MORGADO ROBERT J, worth $1.31 million. Walther Christopher B also sold $1.95M worth of Activision Blizzard, Inc. (NASDAQ:ATVI) on Friday, September 2. Shares for $3.28M were sold by Tippl Thomas on Wednesday, September 14. $2.70 million worth of Activision Blizzard, Inc. (NASDAQ:ATVI) shares were sold by Wereb Stephen G.

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 44.17 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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