Activision Blizzard, Inc (ATVI) Short Interest Up 9.0% in September
Activision Blizzard, Inc (NASDAQ:ATVI) saw a large increase in short interest in the month of September. As of September 29th, there was short interest totalling 13,897,264 shares, an increase of 9.0% from the September 15th total of 12,753,802 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average trading volume of 6,024,335 shares, the days-to-cover ratio is presently 2.3 days.
ATVI has been the subject of a number of research reports. Stifel Nicolaus reaffirmed a “buy” rating on shares of Activision Blizzard in a research report on Sunday, September 10th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $69.00 price target on shares of Activision Blizzard in a research report on Friday, September 8th. Vetr raised Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.58 price target for the company in a research report on Tuesday. MKM Partners reissued a “buy” rating and issued a $63.00 price objective (up previously from $60.00) on shares of Activision Blizzard in a report on Wednesday, July 26th. Finally, Cowen and Company cut Activision Blizzard from an “outperform” rating to a “market perform” rating and set a $66.00 price objective for the company. in a report on Monday. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $65.33.
Shares of Activision Blizzard (NASDAQ:ATVI) opened at 61.36 on Thursday. The firm’s 50-day moving average price is $63.90 and its 200 day moving average price is $58.70. The stock has a market capitalization of $46.32 billion, a price-to-earnings ratio of 41.43 and a beta of 1.10. Activision Blizzard has a 1-year low of $35.12 and a 1-year high of $66.58.
In other Activision Blizzard news, Director Brian G. Kelly sold 111,239 shares of Activision Blizzard stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $62.44, for a total transaction of $6,945,763.16. Following the completion of the sale, the director now owns 189,791 shares of the company’s stock, valued at approximately $11,850,550.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Brian G. Kelly sold 3,685,000 shares of Activision Blizzard stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $61.93, for a total value of $228,212,050.00. Following the sale, the director now directly owns 189,791 shares of the company’s stock, valued at approximately $11,753,756.63. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,074,879 shares of company stock valued at $252,196,001. 2.12% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Shine Investment Advisory Services Inc. acquired a new stake in shares of Activision Blizzard during the 2nd quarter valued at approximately $142,000. Huntington National Bank lifted its position in shares of Activision Blizzard by 122.6% during the 2nd quarter. Huntington National Bank now owns 2,480 shares of the company’s stock valued at $143,000 after acquiring an additional 1,366 shares during the period. Bronfman E.L. Rothschild L.P. lifted its position in shares of Activision Blizzard by 16.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock valued at $150,000 after acquiring an additional 363 shares during the period. Guardian Life Insurance Co. of America lifted its position in shares of Activision Blizzard by 1.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock valued at $133,000 after acquiring an additional 51 shares during the period. Finally, Phocas Financial Corp. acquired a new stake in shares of Activision Blizzard during the 2nd quarter valued at approximately $173,000. Institutional investors own 86.27% of the company’s stock.
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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