Activision Blizzard Major Shareholder Vivendi Unloads 1,183,526,691 Shares (ATVI)
Activision Blizzard (NASDAQ:ATVI) major shareholder Vivendi sold 1,183,526,691 shares of Activision Blizzard stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $13.60, for a total value of $16,095,962,997.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Activision Blizzard (NASDAQ:ATVI) traded down 0.39% on Tuesday, hitting $17.76. The stock had a trading volume of 10,953,852 shares. Activision Blizzard has a 52 week low of $10.45 and a 52 week high of $18.43. The stock’s 50-day moving average is $16.92 and its 200-day moving average is $15.69. The company has a market cap of $19.882 billion and a P/E ratio of 14.97. Activision Blizzard also was the target of unusually large options trading activity on Monday. Traders bought 13,177 call options on the company. This represents an increase of 134% compared to the average daily volume of 5,628 call options.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.01. The company had revenue of $608.00 million for the quarter, compared to the consensus estimate of $605.21 million. During the same quarter last year, the company posted $0.20 earnings per share. Activision Blizzard’s revenue was down 42.3% compared to the same quarter last year. Analysts expect that Activision Blizzard will post $0.89 EPS for the current fiscal year.
A number of analysts have recently weighed in on ATVI shares. Analysts at Zacks downgraded shares of Activision Blizzard from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 2nd. They now have a $19.60 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Activision Blizzard from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 30th. Finally, analysts at Benchmark Co. initiated coverage on shares of Activision Blizzard in a research note to investors on Wednesday, August 7th. They set a “buy” rating and a $20.31 price target on the stock. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $19.09.
Activision, Inc (NASDAQ:ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.
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