On Friday, an unusual amount of options trading activity was focused on Activision Blizzard, Inc., which was the target of this activity. ATVI is the ticker symbol that represents the company. Investors have purchased 61,007 call options on the company through the stock market. Compared to the usual volume of 38,509 call options traded, this represents a 58% increase in trading activity.
Activision Blizzard (NASDAQ: ATVI) disclosed the outcomes of its most recent quarterly earnings report on November 7, a Monday. The company’s earnings per share for the quarter came in at $0.58, which is $0.16 higher than the estimate that market experts had come up with, which was $0.42. The company’s return on equity, 9.64%, and its net margin, 22.75%, indicate that Activision Blizzard had a successful performance. The company’s quarterly revenue came in at an impressive $1.83 billion, significantly higher than the estimate made by the consensus, which was $1.70 billion. According to analysts who specialize in equity analysis, Activision Blizzard is expected to generate earnings of $2.61 per share in 2018.
On Friday, ATVI’s share price finished the trading day at $0.04 higher, which brought it to $73.80 overall. The number of shares traded for the company was 234,084, a significantly lower volume than the company’s typical volume of 5,758,551 shares. 5.76 is the value that is reached when the current, quick, and debt-to-equity ratios are all added together. The ratio of debt to equity is currently at 0.19. Over the last fifty trading days, the stock’s price has reached $75.75; over the last 200 trading days, it has reached $76.31. During the last 52 weeks, the price of one share of Activision Blizzard has ranged from as low as $70.94 to as high as $83.04. The current price-to-earnings ratio for the company is 34.52; the price-to-earnings-to-growth ratio for the company is 2.32; and the beta value for the company is 0.47. It is currently estimated to have a market value of 57.76 billion dollars.
In response to recent developments in the market, several hedge funds and other types of institutional investors have recently adjusted their ATVI holdings. Over the final three months of 2018, Crossmark Global Holdings Inc. increased the proportion of Activision Blizzard stock owned by 9.1%. After purchasing an additional 3,670 shares throughout the period, Crossmark Global Holdings Inc. now owns a total of 43,799 shares with a value of $3,353,000. The company acquired these shares during the period. The increase in holdings that MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH made during the fourth quarter benefited Activision Blizzard. It resulted in a 119.6% increase in the total value of those holdings. Following the purchase of 7,173 additional shares during the most recent fiscal quarter, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now possesses 13,173 shares of the company, which have a combined value of $1,008,000. This brings the total number of shares that the company owns to 13,173. By increasing the number of Activision Blizzard shares it owned during the quarter ending December 31, Householder Group Estate & Retirement Specialist LLC was able to increase its stock holdings by 245.5%. After making an additional 1,100 share purchase during the most recent quarter, Householder Group Estate & Retirement Specialist LLC now has a total of 1,548 shares of the company, which are worth a total of $118,000 after the transaction. Rothschild Investment Corp., IL, invested approximately $292,000 in Activision Blizzard during the final three months of the year to acquire a new stake in the company. Last but certainly not least, Private Advisor Group LLC increased the amount of Activision Blizzard stock owned by 101.1% during the final quarter of 2018. Private Advisor Group LLC now holds 40,301 shares of the company’s stock, following the acquisition of an additional 20,262 shares during the most recent quarter. The value of Private Advisor Group LLC’s full holdings in the company’s stock is equal to a sum that is equal to $458,459,000. Institutional investors own approximately 79.34% of the total shares currently outstanding in the corporation.
Several research analysts have recently published new studies on the ATVI stock on their respective websites.
Benchmark reaffirmed a “buy” rating on shares of Activision Blizzard and established a price objective of $100.00 for the company in a report released on Friday, December 9. On Wednesday, the business and finance website StockNews.com changed its recommendation for Activision Blizzard from “buy” to “hold.” In a report made public on November 10, Raymond James raised its rating for Activision Blizzard from “market perform” to “outperform” and set a price target of $95.00 for the company. In a report made available to the general public on November 15, MKM Partners gave an investment in Activision Blizzard the rating of “buy,” indicating that they believe it would be a good purchase. In addition, the company has established a price target of $95.00 per share for the stock. JPMorgan Chase & Co. lowered their price objective on Activision Blizzard from $95.00 to $86.00 in a research report published on Monday, November 28. One investment analyst has suggested that shareholders keep their existing holdings of the company’s shares, while twelve others have rated the stock as a buy. The average analyst rating for the company is “Moderate Buy,” and the stock’s consensus price objective is $92.07. This data was retrieved from the Bloom