Investors Purchase Large Volume of Call Options on Activision Blizzard (ATVI)
Shares of Activision Blizzard (NASDAQ:ATVI) were the target of unusually large options trading activity on Wednesday. Traders bought 14,453 call options on the company, Analyst Ratings.Net reports. This is an increase of approximately 130% compared to the average daily volume of 6,296 call options.
A number of analysts have recently weighed in on ATVI shares. Analysts at Stifel Nicolaus raised their price target on shares of Activision Blizzard from $24.00 to $26.00 in a research note on Thursday, May 8th. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Activision Blizzard in a research note on Wednesday, May 7th. They now have a $25.00 price target on the stock, up previously from $24.00. Finally, analysts at Wedbush reiterated an “outperform” rating on shares of Activision Blizzard in a research note on Wednesday, May 7th. They now have a $30.00 price target on the stock, up previously from $22.00. Eleven analysts have rated the stock with a buy rating, Activision Blizzard has a consensus rating of “Buy” and an average price target of $24.14.
Shares of Activision Blizzard (NASDAQ:ATVI) traded up 0.14% during mid-day trading on Wednesday, hitting $21.48. The stock had a trading volume of 7,429,699 shares. Activision Blizzard has a 1-year low of $13.27 and a 1-year high of $21.50. The stock has a 50-day moving average of $20.38 and a 200-day moving average of $19.12. The company has a market cap of $15.358 billion and a P/E ratio of 24.38.
Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.09. The company had revenue of $772.00 million for the quarter, compared to the consensus estimate of $688.23 million. During the same quarter last year, the company posted $0.17 earnings per share. Activision Blizzard’s revenue was down 4.0% compared to the same quarter last year. Analysts expect that Activision Blizzard will post $1.31 EPS for the current fiscal year.
Activision, Inc (NASDAQ:ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.
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