Could Electronic Arts Inc. Change Direction After Today’s Bullish Options Activity?

 Could Electronic Arts Inc. Change Direction After Today's Bullish Options Activity?

In today’s session Electronic Arts Inc. (EA) registered an unusually high (5,103) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious EA increase. With 5,103 contracts traded and 164 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: EA161021C00089000 closed last at: $0.49 or 19.5% up. About 1.11 million shares traded hands. Electronic Arts Inc. (NASDAQ:EA) has risen 30.44% since March 1, 2016 and is uptrending. It has outperformed by 21.19% the S&P500.

Analysts await Electronic Arts Inc. (NASDAQ:EA) to report earnings on November, 3. They expect $0.32 EPS, down 38.46% or $0.20 from last year’s $0.52 per share. EA’s profit will be $96.27M for 66.79 P/E if the $0.32 EPS becomes a reality. After $-0.08 actual EPS reported by Electronic Arts Inc. for the previous quarter, Wall Street now forecasts -500.00% EPS growth.

Electronic Arts Inc. (NASDAQ:EA) Ratings Coverage

Out of 16 analysts covering Electronic Arts (NASDAQ:EA), 15 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 94% are positive. $101 is the highest target while $67 is the lowest. The $84.52 average target is -1.13% below today’s ($85.49) stock price. Electronic Arts has been the topic of 25 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Buy” rating by M Partners on Wednesday, October 14. As per Monday, May 23, the company rating was maintained by Benchmark. Stifel Nicolaus maintained Electronic Arts Inc. (NASDAQ:EA) on Monday, October 26 with “Buy” rating. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Outperform” rating by Oppenheimer on Thursday, November 12. The rating was upgraded by Bank of America to “Buy” on Friday, January 15. The firm has “Long-Term Buy” rating by Hilliard Lyons given on Wednesday, March 30. As per Monday, August 10, the company rating was maintained by Piper Jaffray. The rating was upgraded by Atlantic Securities on Friday, December 4 to “Overweight”. The rating was maintained by Benchmark on Wednesday, May 11 with “Buy”. The stock has “Buy” rating given by Stifel Nicolaus on Monday, September 12.

Insitutional Activity: The institutional sentiment decreased to 0.71 in Q2 2016. Its down 0.10, from 0.81 in 2016Q1. The ratio dropped, as 60 funds sold all Electronic Arts Inc. shares owned while 245 reduced positions. 63 funds bought stakes while 155 increased positions. They now own 299.80 million shares or 2.26% less from 306.74 million shares in 2016Q1.
Jaffetilchin Invest Partners Ltd Liability Company has 0.34% invested in the company for 15,022 shares. Mizuho And Banking holds 0.11% or 495,308 shares in its portfolio. Exxonmobil Invest Mngmt Tx reported 78,072 shares or 0.13% of all its holdings. Livforsakringsbolaget Skandia Omsesidigt last reported 41,279 shares in the company. Kistler last reported 0% of its portfolio in the stock. Lpl Fincl Limited Liability Corp holds 0.01% or 11,508 shares in its portfolio. Ontario Teachers Pension Plan Board accumulated 18,548 shares or 0.02% of the stock. Jpmorgan Chase & has invested 0.1% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Sumitomo Mitsui Asset Mngmt Co holds 0.05% or 23,508 shares in its portfolio. Mckinley Capital Mgmt Lc Delaware has invested 0.02% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Deere Com has invested 0.06% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Cleararc Cap Inc accumulated 7,306 shares or 0.11% of the stock. San Francisco Sentry Investment Group (Ca) last reported 4,726 shares in the company. Intrust National Bank Na last reported 3,328 shares in the company. Crestpoint Cap Management Limited Liability has 12,500 shares for 0.5% of their US portfolio.

Insider Transactions: Since April 13, 2016, the stock had 0 insider purchases, and 47 insider sales for $41.52 million net activity. MOORE PETER R. also sold $500,352 worth of Electronic Arts Inc. (NASDAQ:EA) on Tuesday, May 3. On Wednesday, May 18 Miele Laura sold $153,618 worth of the stock or 2,072 shares. 8,400 Electronic Arts Inc. (NASDAQ:EA) shares with value of $650,732 were sold by COLEMAN LEONARD S JR. TOLEDANO GABRIELLE B sold $264,051 worth of stock or 4,000 shares. Shares for $306,397 were sold by LINZNER JOEL. The insider Jorgensen Blake J sold $737,938. HOAG JAY C had sold 8,221 shares worth $668,963 on Thursday, August 25.

Electronic Arts Inc. develops, markets, publishes and distributes games, content and services that can be played by clients on a range of platforms, which include consoles, personal computers , mobile phones and tablets. The company has a market cap of $25.72 billion. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed. It has a 23.72 P/E ratio. The Firm markets and sells its games and services through retail channels and through digital distribution channels.

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