Activision Blizzard, Inc. (ATVI) Short Interest Update

Activision Blizzard, Inc. (NASDAQ:ATVI) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 11,684,027 shares, a growth of 49.3% from the May 31st total of 7,827,539 shares. Based on an average daily trading volume, of 5,744,547 shares, the short-interest ratio is presently 2.0 days. Approximately 1.6% of the shares of the stock are sold short.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $70.49, for a total transaction of $1,392,952.89. Following the completion of the transaction, the chief executive officer now owns 27,361 shares of the company’s stock, valued at $1,928,676.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.29% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its stake in shares of Activision Blizzard by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 7,790,249 shares of the company’s stock worth $492,227,000 after purchasing an additional 252,340 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Activision Blizzard by 3.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 6,762,476 shares of the company’s stock worth $456,197,000 after purchasing an additional 212,792 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Activision Blizzard by 6.3% during the fourth quarter. TIAA CREF Investment Management LLC now owns 5,184,150 shares of the company’s stock worth $328,260,000 after purchasing an additional 305,212 shares in the last quarter. OppenheimerFunds Inc. lifted its stake in shares of Activision Blizzard by 284.7% during the first quarter. OppenheimerFunds Inc. now owns 4,159,793 shares of the company’s stock worth $280,621,000 after purchasing an additional 3,078,408 shares in the last quarter. Finally, FIL Ltd lifted its stake in shares of Activision Blizzard by 32.1% during the first quarter. FIL Ltd now owns 3,018,342 shares of the company’s stock worth $203,618,000 after purchasing an additional 733,922 shares in the last quarter. Institutional investors own 85.80% of the company’s stock.

A number of equities research analysts have recently commented on ATVI shares. TheStreet raised Activision Blizzard from a “c+” rating to a “b” rating in a research report on Thursday, May 3rd. KeyCorp set a $83.00 price objective on Activision Blizzard and gave the company a “buy” rating in a research report on Wednesday, April 4th. BidaskClub downgraded Activision Blizzard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 17th. Zacks Investment Research raised Activision Blizzard from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Tuesday, March 13th. Finally, Vetr downgraded Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $83.48 price objective for the company. in a research report on Monday, March 12th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. Activision Blizzard currently has a consensus rating of “Buy” and a consensus target price of $76.07.

Shares of Activision Blizzard stock opened at $73.42 on Thursday. Activision Blizzard has a twelve month low of $55.86 and a twelve month high of $79.63. The firm has a market capitalization of $56.86 billion, a P/E ratio of 35.81, a PEG ratio of 1.95 and a beta of 1.20. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.18 and a current ratio of 2.19.

Activision Blizzard (NASDAQ:ATVI) last issued its earnings results on Thursday, May 3rd. The company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.05. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Activision Blizzard had a return on equity of 17.91% and a net margin of 4.78%. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 earnings per share. equities research analysts predict that Activision Blizzard will post 2.48 EPS for the current year.

Activision Blizzard Company Profile

Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.

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