Activision Blizzard (ATVI) Surges 10.5% as Microsoft Deal Nears Completion

Activision Blizzard shares rose 10.5% this afternoon to a price of $91.39. The stock is still trading within range of its average target price of $90.95, and over the last 52 weeks, it has recorded a 804.8% performance. Analysts have given the large-cap Software stock target prices ranging from $82.0 to $100.0 dollars per share, with an average rating of buy.

The stock has an average amount of shares sold short at 2.4%, and a short ratio of 2.82. The company's insiders own 0.86% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 84.7% of Activision Blizzard's shares being owned by this investor type.

Institutions Invested in Activision Blizzard

Date Reported Holder Percentage Shares Value
2023-03-31 Vanguard Group, Inc. (The) 7% 58,037,611 $5,304,347,262
2023-03-31 Blackrock Inc. 7% 57,581,831 $5,262,691,250
2023-03-31 Berkshire Hathaway, Inc 6% 49,439,781 $4,518,548,618
2023-03-31 Public Investment Fund 5% 37,909,164 $3,464,707,916
2023-03-31 State Street Corporation 4% 30,289,410 $2,768,300,525
2023-03-31 FMR, LLC 3% 25,913,593 $2,368,372,745
2023-03-31 Geode Capital Management, LLC 2% 15,408,285 $1,408,240,155
2023-03-31 Pentwater Capital Management Lp 2% 15,390,000 $1,406,568,998
2023-03-31 Flossbach von Storch AG 1% 10,427,584 $953,029,004
2023-03-31 Aristotle Capital Management, LLC 1% 10,282,219 $939,743,370

Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Activision Blizzard.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.