Activision Blizzard Inc. (ATVI) Short Interest Update
Activision Blizzard Inc. (NASDAQ:ATVI) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 21,343,584 shares, a growth of 7.3% from the October 14th total of 19,882,881 shares. Based on an average trading volume of 5,729,746 shares, the days-to-cover ratio is presently 3.7 days. Approximately 3.1% of the shares of the company are short sold.
Shares of Activision Blizzard (NASDAQ:ATVI) opened at 39.94 on Friday. The company’s 50-day moving average price is $42.71 and its 200 day moving average price is $40.83. The firm has a market cap of $29.68 billion, a PE ratio of 34.67 and a beta of 1.11. Activision Blizzard has a 1-year low of $26.49 and a 1-year high of $45.55.
Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.07. The company earned $1.57 billion during the quarter, compared to analyst estimates of $6.54 billion. Activision Blizzard had a return on equity of 16.63% and a net margin of 13.81%. The firm’s quarterly revenue was up 58.4% on a year-over-year basis. During the same quarter last year, the company earned $0.21 earnings per share. On average, analysts predict that Activision Blizzard will post $2.06 EPS for the current year.
A number of research analysts have commented on the company. Vetr lowered Activision Blizzard from a “hold” rating to a “sell” rating and set a $42.09 price objective on the stock. in a report on Tuesday, September 13th. Mizuho upped their price objective on Activision Blizzard from $42.00 to $46.00 and gave the company a “buy” rating in a report on Friday, August 5th. Jefferies Group upped their price objective on Activision Blizzard from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday, August 5th. Cowen and Company reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Activision Blizzard in a report on Tuesday, August 23rd. Finally, Benchmark Co. reaffirmed a “buy” rating on shares of Activision Blizzard in a report on Wednesday, August 10th. Three investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $46.66.
In related news, CFO Dennis M. Durkin sold 119,937 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $41.33, for a total transaction of $4,956,996.21. Following the transaction, the chief financial officer now directly owns 431,425 shares of the company’s stock, valued at approximately $17,830,795.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Thomas Tippl sold 75,000 shares of the company’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $43.76, for a total value of $3,282,000.00. The disclosure for this sale can be found here. Corporate insiders own 25.23% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Cornerstone Capital Management Holdings LLC. raised its stake in Activision Blizzard by 2.5% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 608,361 shares of the company’s stock valued at $26,949,000 after buying an additional 14,612 shares in the last quarter. Mosaic Family Wealth LLC raised its stake in Activision Blizzard by 26.9% in the third quarter. Mosaic Family Wealth LLC now owns 6,613 shares of the company’s stock valued at $293,000 after buying an additional 1,400 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in Activision Blizzard by 28.2% in the third quarter. Ameritas Investment Partners Inc. now owns 29,623 shares of the company’s stock valued at $1,312,000 after buying an additional 6,525 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in Activision Blizzard by 39.2% in the third quarter. Candriam Luxembourg S.C.A. now owns 24,394 shares of the company’s stock valued at $1,081,000 after buying an additional 6,868 shares in the last quarter. Finally, Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of Activision Blizzard during the third quarter valued at about $346,000. 84.34% of the stock is owned by institutional investors.
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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