Activision Blizzard Sees Unusually High Options Volume (ATVI)
Activision Blizzard, Inc (NASDAQ:ATVI) was the target of unusually large options trading activity on Friday. Traders purchased 12,742 call options on the company. This is an increase of approximately 179% compared to the typical volume of 4,560 call options.
Activision Blizzard (NASDAQ ATVI) traded down 2.86% on Monday, reaching $61.44. 2,910,524 shares of the company’s stock traded hands. Activision Blizzard has a 52 week low of $35.12 and a 52 week high of $66.58. The firm has a market capitalization of $46.38 billion, a P/E ratio of 41.49 and a beta of 1.10. The stock has a 50-day moving average of $64.02 and a 200 day moving average of $58.35.
In other news, insider Dennis M. Durkin sold 160,000 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $60.68, for a total value of $9,708,800.00. Following the sale, the insider now owns 337,534 shares in the company, valued at $20,481,563.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian G. Kelly sold 3,685,000 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $61.93, for a total transaction of $228,212,050.00. Following the completion of the sale, the director now owns 189,791 shares in the company, valued at approximately $11,753,756.63. The disclosure for this sale can be found here. Insiders sold 4,074,879 shares of company stock worth $252,196,001 in the last quarter. Company insiders own 2.12% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Guardian Life Insurance Co. of America grew its stake in Activision Blizzard by 1.9% in the first quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock valued at $133,000 after purchasing an additional 51 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new position in Activision Blizzard in the second quarter valued at approximately $142,000. Huntington National Bank grew its stake in Activision Blizzard by 122.6% in the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock valued at $143,000 after purchasing an additional 1,366 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in Activision Blizzard by 16.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock valued at $150,000 after purchasing an additional 363 shares in the last quarter. Finally, Phocas Financial Corp. bought a new position in Activision Blizzard in the second quarter valued at approximately $173,000. Hedge funds and other institutional investors own 86.27% of the company’s stock.
Several research firms recently commented on ATVI. Goldman Sachs Group, Inc. (The) began coverage on shares of Activision Blizzard in a research report on Friday, September 8th. They set a “neutral” rating and a $65.00 price target on the stock. KeyCorp restated a “buy” rating and set a $74.00 price target on shares of Activision Blizzard in a research report on Friday, September 8th. Vetr lowered shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 price target on the stock. in a research report on Thursday, August 31st. Robert W. Baird restated an “outperform” rating and set a $68.00 price target on shares of Activision Blizzard in a research report on Wednesday, September 20th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $69.00 price target on shares of Activision Blizzard in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $64.92.
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Activision Blizzard Company Profile
Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.
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