Short Interest in Activision Blizzard Inc. (ATVI) Rises By 25.5%
Activision Blizzard Inc. (NASDAQ:ATVI) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 24,807,766 shares, a growth of 25.5% from the September 15th total of 19,773,783 shares. Based on an average trading volume of 10,341,666 shares, the short-interest ratio is currently 2.4 days. Approximately 3.6% of the company’s stock are short sold.
Shares of Activision Blizzard (NASDAQ:ATVI) opened at 43.69 on Friday. The firm’s 50-day moving average is $43.50 and its 200-day moving average is $39.51. Activision Blizzard has a 1-year low of $26.49 and a 1-year high of $45.12. The stock has a market capitalization of $32.39 billion, a price-to-earnings ratio of 44.00 and a beta of 1.09.
Activision Blizzard (NASDAQ:ATVI) last posted its earnings results on Thursday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.03. The company earned $1.57 billion during the quarter, compared to analyst estimates of $1.44 billion. Activision Blizzard had a return on equity of 14.49% and a net margin of 13.95%. The company’s revenue for the quarter was up 112.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 EPS. On average, analysts predict that Activision Blizzard will post $1.99 earnings per share for the current fiscal year.
A number of analysts have weighed in on ATVI shares. Barclays PLC reissued a “buy” rating on shares of Activision Blizzard in a report on Saturday, June 18th. Pacific Crest reissued a “buy” rating on shares of Activision Blizzard in a report on Sunday, June 26th. Vetr raised shares of Activision Blizzard from a “buy” rating to a “strong-buy” rating and set a $41.75 target price on the stock in a report on Tuesday, June 28th. Robert W. Baird reissued an “outperform” rating on shares of Activision Blizzard in a report on Thursday, June 30th. Finally, Cowen and Company reissued an “outperform” rating and set a $44.00 target price on shares of Activision Blizzard in a report on Friday, July 1st. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $45.30.
In other Activision Blizzard news, COO Thomas Tippl sold 44,427 shares of the stock in a transaction on Monday, August 15th. The shares were sold at an average price of $41.83, for a total transaction of $1,858,381.41. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $40.65, for a total transaction of $803,284.65. Following the sale, the chief executive officer now directly owns 97,177 shares in the company, valued at $3,950,245.05. The disclosure for this sale can be found here. 25.23% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. FMR LLC raised its position in shares of Activision Blizzard by 88.7% in the second quarter. FMR LLC now owns 105,342,767 shares of the company’s stock valued at $4,174,735,000 after buying an additional 49,511,148 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Activision Blizzard by 3.6% in the second quarter. Vanguard Group Inc. now owns 33,277,915 shares of the company’s stock valued at $1,318,803,000 after buying an additional 1,166,054 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Activision Blizzard by 45.0% in the second quarter. Ameriprise Financial Inc. now owns 30,276,592 shares of the company’s stock valued at $1,199,862,000 after buying an additional 9,390,129 shares in the last quarter. State Street Corp raised its position in shares of Activision Blizzard by 2.6% in the second quarter. State Street Corp now owns 19,349,183 shares of the company’s stock valued at $766,806,000 after buying an additional 492,609 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Activision Blizzard by 4.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 14,279,811 shares of the company’s stock valued at $565,909,000 after buying an additional 650,789 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.
Activision Blizzard Company Profile
Activision Blizzard, Inc is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company operates through Activision Publishing, Inc (Activision) and its subsidiaries, Blizzard Entertainment, Inc (Blizzard) and its subsidiaries, and Other segments.
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