Could Activision Blizzard, Inc. Increase After Today’s Tip From Option Traders?

 Could Activision Blizzard, Inc. Increase After Today's Tip From Option Traders?

In today’s session Activision Blizzard, Inc. (ATVI) recorded an unusually high (2,078) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious ATVI decrease. With 2,078 contracts traded and 684 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: ATVI161118P00038500 closed last at: $0.61 or 205% up. About 1.47M shares traded hands. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 17.71% since April 12, 2016 and is uptrending. It has outperformed by 12.73% the S&P500.

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 $42.21 average target is 8.59% above today’s ($38.87) stock price. Activision Blizzard has been the topic of 63 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) has “Buy” rating given on Wednesday, August 5 by UBS. UBS maintained it with “Buy” rating and $36 target price in Friday, February 12 report. Benchmark maintained it with “Buy” rating and $40.45 target price in Friday, May 6 report. The company was maintained on Friday, February 12 by Macquarie Research. Benchmark maintained Activision Blizzard, Inc. (NASDAQ:ATVI) on Friday, August 7 with “Buy” rating. The rating was initiated by BMO Capital Markets on Wednesday, April 27 with “Market Perform”. The firm has “Neutral” rating given on Thursday, July 28 by M Partners. Stifel Nicolaus maintained Activision Blizzard, Inc. (NASDAQ:ATVI) rating on Friday, October 2. Stifel Nicolaus has “Buy” rating and $37 price target. The firm has “Buy” rating given on Monday, July 27 by M Partners. The rating was maintained by Barclays Capital with “Overweight” on Friday, February 12.

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 Q2 2016. 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.
Natl Ins Co Tx accumulated 130,623 shares or 0.3% of the stock. Tudor Invest Et Al holds 0.02% or 18,023 shares in its portfolio. Shelton Capital Mgmt has 0.16% invested in the company for 45,636 shares. The Maryland-based Chevy Chase has invested 0.1% in Activision Blizzard, Inc. (NASDAQ:ATVI). Whittier accumulated 0.53% or 301,867 shares. Retirement Of Alabama owns 259,687 shares or 0.06% of their US portfolio. Archford Cap Strategies Ltd Liability Com has 831 shares for 0.02% of their US portfolio. Cornerstone Advisors Inc accumulated 0.05% or 5,400 shares. Arrow Financial accumulated 0.28% or 27,500 shares. Levin Cap Strategies Lp holds 0.01% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI) for 10,700 shares. United Services Automobile Association last reported 0.06% of its portfolio in the stock. Jane Street Grp Limited Liability Company last reported 0.01% of its portfolio in the stock. The France-based Natixis Asset has invested 0.06% in Activision Blizzard, Inc. (NASDAQ:ATVI). Artisan Ptnrs L P has invested 0.26% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). Arrow Investment Ltd Limited Liability Company owns 18,713 shares or 0.16% of their US portfolio.

Insider Transactions: Since May 16, 2016, the stock had 1 insider buy, and 11 selling transactions for $930.99 million net activity. 300,000 shares were sold by Tippl Thomas, worth $11.72 million on Monday, May 16. Wereb Stephen G also sold $2.70 million worth of Activision Blizzard, Inc. (NASDAQ:ATVI) shares. 20,000 shares with value of $795,842 were bought by NOLAN PETER J on Tuesday, August 16. $783,097 worth of shares were sold by ZACCONI RICCARDO on Tuesday, August 16. The insider MORGADO ROBERT J sold 29,999 shares worth $1.31 million. Shares for $1.95M were sold by Walther Christopher B on Friday, September 2. Shares for $43.88M were sold by Morhaime Michael on Monday, June 13.

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 $29.42 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 33.77 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 notable recent Activision Blizzard, Inc. (NASDAQ:ATVI) news were published by: Wsj.com which released: “Activision Blizzard Posts Big Rise in Revenue and Profit, Upgrades Outlook” on November 03, 2016, also Wsj.com with their article: “Activision Blizzard Plans E-Sports League That Looks More Like NFL” published on November 04, 2016, Profitconfidential.com published: “Activision Blizzard, Inc.: Ominous Implications for ATVI Stock?” on November 09, 2016. More interesting news about Activision Blizzard, Inc. (NASDAQ:ATVI) were released by: Valuewalk.com and their article: “Glu Mobile Inc. Rises On Earnings, Activision Blizzard, Inc. Falls” published on November 03, 2016 as well as Wsj.com‘s news article titled: “Activision Blizzard Earnings Preview: What to Watch” with publication date: November 01, 2016.

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