Activision Blizzard, Inc. Is a Buy; Strong Momentum from Option Traders

 Activision Blizzard, Inc. Is a Buy; Strong Momentum from Option Traders

In today’s session Activision Blizzard, Inc. (ATVI) registered an unusually high (2,482) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious ATVI increase. With 2,482 contracts traded and 11154 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: ATVI161118C00048000 closed last at: $0.34 or 5.6% down. About 705,646 shares traded hands. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 34.74% since March 16, 2016 and is uptrending. It has outperformed by 29.19% 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 $285.95M for 28.89 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 -5.58% below today’s ($43.92) stock price. Activision Blizzard has been the topic of 61 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Wedbush maintained Activision Blizzard, Inc. (NASDAQ:ATVI) rating on Friday, February 12. Wedbush has “Outperform” rating and $40 price target. The rating was maintained by Barclays Capital with “Overweight” on Friday, February 12. Mizuho maintained Activision Blizzard, Inc. (NASDAQ:ATVI) rating on Wednesday, November 4. Mizuho has “Buy” rating and $42 price target. The rating was maintained by UBS on Friday, August 5 with “Buy”. As per Tuesday, August 18, the company rating was maintained by Argus Research. Macquarie Research maintained the shares of ATVI in a report on Friday, February 12 with “Outperform” rating. The company was maintained on Wednesday, August 5 by Brean Capital. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, August 6 report. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) has “Market Perform” rating given on Wednesday, April 27 by BMO Capital Markets. The company was maintained on Friday, May 6 by Mizuho.

According to Zacks Investment Research, “ACTIVISION BLIZZARD, INC. is a worldwide pure-play online and console game publisher with leading market positions across all categories of the rapidly growing interactive entertainment software industry. Activision Blizzard’s portfolio includes best-selling video games such as Guitar Hero, Call of Duty, and Tony Hawk, as well as Spider-Man, X-Men, Shrek, James Bond and TRANSFORMERS, leading franchises such as Crash Bandicoot and Spyro and Blizzard Entertainment’s StarCraft, Diablo, and Warcraft franchises including the global number one subscription-based massively multi-player online role-playing game, World of Warcraft. Activision Blizzard maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Ireland, Italy, Sweden, Spain, Norway, Denmark, the Netherlands, Romania, Australia, Chile, India, Japan, China, the region of Taiwan and South Korea.”

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.
Citigroup Inc last reported 0.03% of its portfolio in the stock. Arrow Cap Management Ltd Liability owns 60,000 shares or 3.87% of their US portfolio. Hermes Invest Management Limited has invested 0.02% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). Victory Cap Mngmt Inc last reported 24,567 shares in the company. Nicholas Invest Prns Ltd Partnership accumulated 156,706 shares or 0.43% of the stock. Delta Asset Management Tn has 1,400 shares for 0.01% of their US portfolio. Point72 Asia (Hong Kong) reported 22,000 shares or 1.01% of all its holdings. New Century Mgmt accumulated 175,510 shares or 3.7% of the stock. Tompkins Financial last reported 0.03% of its portfolio in the stock. Commonwealth Fincl Svcs Limited Com holds 0% or 13 shares in its portfolio. The Illinois-based Calamos Limited Liability Co has invested 0.32% in Activision Blizzard, Inc. (NASDAQ:ATVI). Voya Lc holds 0.16% or 1.67 million shares in its portfolio. Fox Point Limited Company accumulated 62,500 shares or 5.88% of the stock. Paloma Mgmt has invested 0.03% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). Arrow Fincl has 27,500 shares for 0.28% of their US portfolio.

Insider Transactions: Since May 13, 2016, the stock had 1 insider purchase, and 13 selling transactions for $943.67 million net activity. The insider Tippl Thomas sold 75,000 shares worth $3.28M. 25,000 shares were sold by MORGADO ROBERT J, worth $960,720. Wereb Stephen G sold $2.70 million worth of Activision Blizzard, Inc. (NASDAQ:ATVI) on Friday, May 20. $803,380 worth of Activision Blizzard, Inc. (NASDAQ:ATVI) was sold by ZACCONI RICCARDO on Monday, August 8. 119,937 Activision Blizzard, Inc. (NASDAQ:ATVI) shares with value of $4.96 million were sold by Durkin Dennis M. Walther Christopher B sold $1.95M worth of Activision Blizzard, Inc. (NASDAQ:ATVI) on Friday, September 2. On Tuesday, August 16 NOLAN PETER J bought $795,842 worth of the stock or 20,000 shares.

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 $33.05 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 44.11 P/E ratio. The Firm also develops products spanning other genres, including first-person action, action/adventure, role-playing, simulation and strategy.

ATVI Company Profile

Activision Blizzard, Inc., incorporated on February 17, 2000, is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Firm operates through Activision Publishing, Inc. (Activision) and its subsidiaries, Blizzard Entertainment, Inc. (Blizzard) and its subsidiaries, and Other divisions. The Firm also develops products spanning other genres, including first-person action, action/adventure, role-playing, simulation and strategy. It provides various forms of product support to both its internally and externally developed content. It distributes interactive entertainment hardware and software products in Europe through its European distribution subsidiaries: Centresoft in the United Kingdom and NBG in Germany.

More important recent Activision Blizzard, Inc. (NASDAQ:ATVI) news were published by: Profitconfidential.com which released: “Activision Blizzard, Inc.: Why ATVI Stock Is Heading Higher” on October 02, 2016, also Profitconfidential.com published article titled: “Activision Blizzard, Inc.: ATVI Stock Set to Continue Flying High”, Businesswire.com published: “Skylanders® Imaginators on Store Shelves Now — Kids Can Create Their Own …” on October 17, 2016. More interesting news about Activision Blizzard, Inc. (NASDAQ:ATVI) was released by: Benzinga.com and their article: “Fast Money Halftime Report Traders Share Their Opinions About Domino’s …” with publication date: October 15, 2016.

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