Activision Blizzard, Inc (NASDAQ:ATVI) saw a significant decline in short interest during the month of December. As of December 30th, there was short interest totalling 15,993,197 shares, a decline of 12.4% from the December 15th total of 18,262,405 shares. Based on an average daily trading volume, of 4,858,132 shares, the short-interest ratio is presently 3.3 days. Approximately 2.3% of the company’s stock are short sold.

Activision Blizzard (NASDAQ:ATVI) opened at 38.95 on Friday. Activision Blizzard has a 12-month low of $26.49 and a 12-month high of $45.55. The firm’s 50-day moving average price is $36.97 and its 200 day moving average price is $40.67. The firm has a market cap of $28.95 billion, a P/E ratio of 33.81 and a beta of 0.99.

Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. Activision Blizzard had a net margin of 13.81% and a return on equity of 16.63%. The company earned $1.57 billion during the quarter, compared to the consensus estimate of $6.54 billion. During the same period in the previous year, the business earned $0.21 earnings per share. The firm’s quarterly revenue was up 58.4% on a year-over-year basis. Analysts forecast that Activision Blizzard will post $2.03 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on ATVI shares. Morgan Stanley started coverage on Activision Blizzard in a research report on Friday, September 23rd. They set an “overweight” rating and a $56.00 price objective for the company. Wedbush boosted their price objective on Activision Blizzard from $48.00 to $53.00 and gave the stock an “outperform” rating in a research report on Friday, November 4th. Piper Jaffray Companies reissued an “overweight” rating and set a $51.00 price objective on shares of Activision Blizzard in a research report on Monday, October 24th. Vetr cut Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $50.74 price objective for the company. in a research report on Monday, October 24th. Finally, Jefferies Group reissued a “buy” rating and set a $55.00 price objective on shares of Activision Blizzard in a research report on Monday, November 7th. Four equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Activision Blizzard currently has a consensus rating of “Buy” and an average price target of $46.80.

In related news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $40.09, for a total transaction of $792,218.49. Following the completion of the transaction, the chief executive officer now owns 69,583 shares of the company’s stock, valued at approximately $2,789,582.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 25.23% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its stake in Activision Blizzard by 4.9% in the second quarter. Nisa Investment Advisors LLC now owns 18,407 shares of the company’s stock worth $729,000 after buying an additional 857 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in Activision Blizzard by 37.6% in the second quarter. Checchi Capital Advisers LLC now owns 8,535 shares of the company’s stock worth $338,000 after buying an additional 2,334 shares during the last quarter. Oakbrook Investments LLC increased its stake in Activision Blizzard by 13.1% in the second quarter. Oakbrook Investments LLC now owns 61,450 shares of the company’s stock worth $2,435,000 after buying an additional 7,100 shares during the last quarter. Shell Asset Management Co. increased its stake in Activision Blizzard by 9.5% in the second quarter. Shell Asset Management Co. now owns 40,672 shares of the company’s stock worth $1,612,000 after buying an additional 3,532 shares during the last quarter. Finally, HL Financial Services LLC increased its stake in Activision Blizzard by 0.5% in the second quarter. HL Financial Services LLC now owns 11,447 shares of the company’s stock worth $454,000 after buying an additional 61 shares during the last quarter. Institutional investors own 85.35% of the company’s stock.

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About Activision Blizzard

Activision Blizzard, Inc is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company operates through Activision Publishing, Inc (Activision) and its subsidiaries, Blizzard Entertainment, Inc (Blizzard) and its subsidiaries, and Other segments.

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