Activision Blizzard, Inc. (ATVI) Short Interest Update

Activision Blizzard, Inc. (NASDAQ:ATVI) saw a significant drop in short interest in December. As of December 29th, there was short interest totalling 6,952,565 shares, a drop of 26.6% from the December 15th total of 9,473,717 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,240,179 shares, the short-interest ratio is presently 1.6 days.

Shares of Activision Blizzard (NASDAQ:ATVI) opened at $70.36 on Friday. The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $53,200.00, a PE ratio of 48.19, a P/E/G ratio of 1.94 and a beta of 1.02. Activision Blizzard has a 12 month low of $38.38 and a 12 month high of $70.71.

ATVI has been the topic of a number of research analyst reports. Vetr raised Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.25 target price on the stock in a research note on Wednesday, September 27th. Buckingham Research initiated coverage on Activision Blizzard in a research note on Wednesday, September 20th. They issued a “buy” rating and a $79.00 target price on the stock. KeyCorp reissued a “buy” rating and issued a $74.00 target price on shares of Activision Blizzard in a research note on Tuesday, October 17th. Needham & Company LLC reissued a “buy” rating and issued a $75.00 target price on shares of Activision Blizzard in a research note on Thursday, October 12th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $71.00 target price on shares of Activision Blizzard in a research note on Monday, October 9th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Activision Blizzard presently has an average rating of “Buy” and an average price target of $69.91.

In related news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $63.64, for a total value of $1,257,590.04. Following the sale, the chief executive officer now owns 41,435 shares in the company, valued at $2,636,923.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.12% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of ATVI. Janus Henderson Group PLC grew its stake in shares of Activision Blizzard by 820.8% in the second quarter. Janus Henderson Group PLC now owns 20,298,735 shares of the company’s stock worth $1,168,587,000 after purchasing an additional 18,094,334 shares during the last quarter. Capital World Investors lifted its holdings in Activision Blizzard by 23.8% in the second quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock worth $1,297,513,000 after buying an additional 4,327,000 shares during the period. Vanguard Group Inc. lifted its holdings in Activision Blizzard by 4.8% in the second quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock worth $2,786,211,000 after buying an additional 2,200,995 shares during the period. Prudential Financial Inc. lifted its holdings in Activision Blizzard by 108.6% in the third quarter. Prudential Financial Inc. now owns 3,184,687 shares of the company’s stock worth $205,444,000 after buying an additional 1,657,730 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Activision Blizzard by 25.6% in the third quarter. Bank of New York Mellon Corp now owns 7,476,125 shares of the company’s stock worth $482,285,000 after buying an additional 1,523,740 shares during the period. 86.48% of the stock is currently owned by institutional investors.

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About Activision Blizzard

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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