What Next for Activision Blizzard, Inc. Stock After Today’s Bullish Options Activity?

 What Next for Activision Blizzard, Inc. Stock After Today's Bullish Options Activity?

In today’s session Activision Blizzard, Inc. (ATVI) registered an unusually high (1,053) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious ATVI increase. With 1,053 contracts traded and 134 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: ATVI161216C00037500 closed last at: $1.04 or 41.6% down. The stock increased 0.24% or $0.09 on November 23, hitting $37.26. About 11.78 million shares traded hands or 16.06% up from the average. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 7.53% since April 22, 2016 and is uptrending. It has outperformed by 2.12% the S&P500.

Analysts await Activision Blizzard, Inc. (NASDAQ:ATVI) to report earnings on February, 9. They expect $0.75 EPS, down 7.41% or $0.06 from last year’s $0.81 per share. ATVI’s profit will be $539.05 million for 12.42 P/E if the $0.75 EPS becomes a reality. After $0.46 actual EPS reported by Activision Blizzard, Inc. for the previous quarter, Wall Street now forecasts 63.04% 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. Activision Blizzard has been the topic of 63 analyst reports since July 28, 2015 according to StockzIntelligence Inc. KeyBanc Capital Markets maintained the shares of ATVI in a report on Thursday, November 5 with “Overweight” rating. Mizuho maintained Activision Blizzard, Inc. (NASDAQ:ATVI) on Friday, February 12 with “Buy” rating. The firm has “Outperform” rating given on Friday, November 4 by Wedbush. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) has “Buy” rating given on Thursday, August 6 by Stifel Nicolaus. Wedbush maintained Activision Blizzard, Inc. (NASDAQ:ATVI) on Friday, February 12 with “Outperform” rating. Hilliard Lyons downgraded the stock to “Long-Term Buy” rating in Wednesday, March 30 report. The firm has “Buy” rating by Argus Research given on Wednesday, November 11. M Partners maintained the stock with “Buy” rating in Monday, July 27 report. On Friday, February 12 the stock rating was maintained by UBS with “Buy”. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) has “Buy” rating given on Wednesday, August 5 by Brean Capital.

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 1.39 in Q2 2016. Its up 0.01, from 1.38 in 2016Q1. The ratio increased, 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.
Front Barnett Limited Liability accumulated 175,714 shares or 1.41% of the stock. Moreover, Davis Selected Advisers has 1.23% invested in Activision Blizzard, Inc. (NASDAQ:ATVI) for 7.03M shares. Moreover, Raymond James And Assocs has 0.05% invested in Activision Blizzard, Inc. (NASDAQ:ATVI) for 410,690 shares. Sei owns 383,280 shares or 0.09% of their US portfolio. Euclid Limited Liability Corp holds 201,679 shares or 0.35% of its portfolio. Moreover, 1St Source Bank & Trust has 0.05% invested in Activision Blizzard, Inc. (NASDAQ:ATVI) for 11,043 shares. The North Carolina-based First Citizens Fincl Bank And Tru has invested 0.23% in Activision Blizzard, Inc. (NASDAQ:ATVI). Kcg accumulated 0.01% or 17,901 shares. The California-based Rs Invest Management Ltd Liability Corp has invested 0.15% in Activision Blizzard, Inc. (NASDAQ:ATVI). Exane Derivatives has 0% invested in the company for 632 shares. Fuller Thaler Asset Mgmt owns 147,395 shares or 0.1% of their US portfolio. Neuberger Berman Gp Ltd Liability Corp accumulated 8.41 million shares or 0.46% of the stock. Nelson Roberts Inv Advisors Limited Liability Co has 684 shares for 0.01% of their US portfolio. Conning has 11,170 shares for 0.02% of their US portfolio. Fmr Lc last reported 0.57% of its portfolio in the stock.

Insider Transactions: Since June 13, 2016, the stock had 1 insider buy, and 11 insider sales for $929.08 million net activity. On Tuesday, August 16 the insider NOLAN PETER J bought $795,842. $43.88 million worth of Activision Blizzard, Inc. (NASDAQ:ATVI) was sold by Morhaime Michael. Tippl Thomas sold 44,427 shares worth $1.86 million. $523.03 million worth of Activision Blizzard, Inc. (NASDAQ:ATVI) was sold by KELLY BRIAN G on Monday, August 15. 45,574 Activision Blizzard, Inc. (NASDAQ:ATVI) shares with value of $1.95M were sold by Walther Christopher B. The insider ZACCONI RICCARDO sold 19,761 shares worth $783,097. The insider KOTICK ROBERT A sold 8.57 million shares worth $347.24 million.

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 $26.78 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 32.37 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 Earnings Preview: What to Watch” on November 01, 2016, also Fool.com with their article: “Activision Blizzard, Inc. Setting Up for Another Strong Quarter” published on October 28, 2016, Schaeffersresearch.com published: “Analyst Update: Activision Blizzard, Inc., NVIDIA Corporation, and SINA Corp” on November 22, 2016. More interesting news about Activision Blizzard, Inc. (NASDAQ:ATVI) were released by: Wsj.com and their article: “Activision Blizzard Plans E-Sports League That Looks More Like NFL” published on November 04, 2016 as well as Profitconfidential.com‘s news article titled: “Activision Blizzard, Inc.: Ominous Implications for ATVI Stock?” with publication date: November 09, 2016.

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