Activision Blizzard, Inc. (NASDAQ:ATVI) was the recipient of a significant decrease in short interest in the month of December. As of December 29th, there was short interest totalling 6,952,565 shares, a decrease of 26.6% from the December 15th total of 9,473,717 shares. Based on an average daily trading volume, of 4,240,179 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.0% of the company’s shares are short sold.

Shares of Activision Blizzard (NASDAQ:ATVI) opened at $70.36 on Tuesday. Activision Blizzard has a 1 year low of $38.38 and a 1 year high of $70.71. The stock has a market capitalization of $53,200.00, a P/E ratio of 48.19, a P/E/G ratio of 2.06 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.25 and a quick ratio of 2.22.

Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Thursday, November 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.11. Activision Blizzard had a return on equity of 17.56% and a net margin of 15.90%. equities analysts expect that Activision Blizzard will post 2.1 earnings per share for the current year.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $63.64, for a total value of $1,257,590.04. Following the transaction, the chief executive officer now owns 41,435 shares of the company’s stock, valued at $2,636,923.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.12% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ATVI. Oppenheimer Asset Management Inc. raised its position in Activision Blizzard by 32.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,247 shares of the company’s stock valued at $475,000 after buying an additional 1,998 shares during the last quarter. Schroder Investment Management Group raised its position in Activision Blizzard by 211.2% in the 2nd quarter. Schroder Investment Management Group now owns 124,530 shares of the company’s stock valued at $7,170,000 after buying an additional 84,515 shares during the last quarter. Franklin Resources Inc. raised its position in Activision Blizzard by 891.4% in the 2nd quarter. Franklin Resources Inc. now owns 255,245 shares of the company’s stock valued at $14,695,000 after buying an additional 229,500 shares during the last quarter. Systematic Financial Management LP acquired a new stake in Activision Blizzard in the 2nd quarter valued at approximately $1,294,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in Activision Blizzard by 26.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,984 shares of the company’s stock valued at $574,000 after buying an additional 2,062 shares during the last quarter. 86.49% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently commented on ATVI. Vetr lowered Activision Blizzard from a “buy” rating to a “hold” rating and set a $69.64 price target on the stock. in a research report on Thursday, January 11th. Wedbush set a $75.00 price target on Activision Blizzard and gave the stock a “buy” rating in a research report on Thursday, January 11th. BTIG Research began coverage on Activision Blizzard in a research report on Monday, December 18th. They set a “buy” rating and a $80.00 price target on the stock. Zacks Investment Research lowered Activision Blizzard from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, KeyCorp set a $80.00 price target on Activision Blizzard and gave the stock a “buy” rating in a research report on Monday, January 8th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $69.91.

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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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