Could Activision Blizzard, Inc. Lose Strenght? Option Traders Don’t Think So

 Could Activision Blizzard, Inc. Lose Strenght? Option Traders Don't Think So

In today’s session Activision Blizzard, Inc. (ATVI) registered an unusually high (7,532) 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 7,532 contracts traded and 254 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: ATVI161118C00044500 closed last at: $1.28 or 20.5% down. About 1.84 million shares traded hands. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 30.32% since March 29, 2016 and is uptrending. It has outperformed by 26.85% 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 $279.22M for 28.45 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 -4.12% below today’s ($43.25) stock price. Activision Blizzard has been the topic of 61 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, September 2 by Vetr. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) earned “Buy” rating by Mizuho on Friday, May 6. The firm earned “Outperform” rating on Friday, August 5 by Wedbush. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) earned “Outperform” rating by Wedbush on Friday, February 12. Mizuho maintained the shares of ATVI in a report on Wednesday, August 5 with “Buy” rating. M Partners maintained Activision Blizzard, Inc. (NASDAQ:ATVI) rating on Wednesday, August 5. M Partners has “Buy” rating and $32 price target. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) has “Buy” rating given on Wednesday, November 11 by Argus Research. Pacific Crest maintained it with “Overweight” rating and $30 target price in Friday, August 7 report. On Friday, February 12 the stock rating was maintained by Mizuho with “Buy”. Benchmark maintained Activision Blizzard, Inc. (NASDAQ:ATVI) rating on Friday, May 6. Benchmark has “Buy” rating and $40.45 price target.

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.
Shannon River Fund Limited Liability Com holds 4.91% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI) for 495,000 shares. Royal London Asset Management Ltd holds 0.15% or 227,672 shares in its portfolio. Inspirion Wealth Limited Liability holds 0.26% or 10,000 shares in its portfolio. Aperio Group Incorporated Lc has 159,716 shares for 0.05% of their US portfolio. Pdt Partners Limited Liability has 184,200 shares for 0.58% of their US portfolio. Magnetar Limited Liability Corp holds 12,618 shares or 0.01% of its portfolio. Bronson Point Management Limited Liability has invested 0.93% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). The North Carolina-based Piedmont Investment Advsrs Lc has invested 0% in Activision Blizzard, Inc. (NASDAQ:ATVI). Hills Fincl Bank And Trust Company accumulated 13,050 shares or 0.19% of the stock. The California-based Blackrock Fund has invested 0.06% in Activision Blizzard, Inc. (NASDAQ:ATVI). Covington Inv Advsrs has 0.44% invested in the company for 25,074 shares. Jag Capital last reported 3.51% of its portfolio in the stock. World Asset Mngmt accumulated 51,948 shares or 0.08% of the stock. State Board Of Administration Of Florida Retirement reported 763,547 shares or 0.1% of all its holdings. Next last reported 0.08% of its portfolio in the stock.

Insider Transactions: Since May 13, 2016, the stock had 1 insider buy, and 13 insider sales for $943.67 million net activity. 300,000 shares with value of $11.72M were sold by Tippl Thomas on Monday, May 16. 19,761 shares were sold by ZACCONI RICCARDO, worth $783,097. NOLAN PETER J also bought $795,842 worth of Activision Blizzard, Inc. (NASDAQ:ATVI) on Tuesday, August 16. Durkin Dennis M had sold 119,937 shares worth $4.96M on Tuesday, August 30. 45,574 shares were sold by Walther Christopher B, worth $1.95M. 12.91M Activision Blizzard, Inc. (NASDAQ:ATVI) shares with value of $523.03M were sold by KELLY BRIAN G. Another trade for 29,999 shares valued at $1.31 million was made by MORGADO ROBERT J on Wednesday, September 14.

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 $31.78 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 43.43 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: Fool.com which released: “Activision Blizzard, Inc. Setting Up for Another Strong Quarter” on October 28, 2016, also Profitconfidential.com published article titled: “Activision Blizzard, Inc.: Why ATVI Stock Is Heading Higher”, Profitconfidential.com published: “Activision Blizzard, Inc.: ATVI Stock Set to Continue Flying High” on October 04, 2016. More interesting news about Activision Blizzard, Inc. (NASDAQ:ATVI) was released by: Benzinga.com and their article: “10 Stocks That Plummeted The Past Three Days On Increasing Volume” with publication date: October 31, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment