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 636,708 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 $96.25M for 66.80 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 -1.16% below today’s ($85.51) 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) has “Overweight” rating given on Friday, December 4 by Atlantic Securities. M Partners maintained Electronic Arts Inc. (NASDAQ:EA) rating on Monday, July 27. M Partners has “Neutral” rating and $73 price target. The firm has “Long-Term Buy” rating given on Wednesday, March 30 by Hilliard Lyons. Credit Suisse maintained the shares of EA in a report on Monday, January 25 with “Outperform” rating. The firm earned “Buy” rating on Friday, October 30 by Mizuho. The firm has “Buy” rating given on Monday, September 12 by Stifel Nicolaus. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, May 12. On Friday, January 15 the stock rating was upgraded by Bank of America to “Buy”. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Buy” rating by Stifel Nicolaus on Monday, October 26. Bank of America upgraded the stock to “Buy” rating in Monday, January 18 report.
Insitutional Activity: The institutional sentiment decreased to 0.71 in 2016 Q2. Its down 0.10, from 0.81 in 2016Q1. The ratio turned negative, 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.
United Svcs Automobile Association last reported 636,234 shares in the company. Manning And Napier Advisors Llc last reported 2.22% of its portfolio in the stock. Legal General Gru Public Ltd Co last reported 1.25 million shares in the company. Fil Ltd last reported 197,796 shares in the company. Bnp Paribas Arbitrage Sa has 0.06% invested in the company for 166,883 shares. Retirement Systems Of Alabama last reported 153,764 shares in the company. Employees Retirement Association Of Colorado holds 66,607 shares or 0.04% of its portfolio. Wafra Advisory Gp Ny accumulated 0.16% or 17,785 shares. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 87,362 shares. Baker Avenue Asset Mngmt Lp has 10,013 shares for 0.11% of their US portfolio. Ontario Teachers Pension Plan Board accumulated 18,548 shares or 0.02% of the stock. Morgan Stanley has 676,683 shares for 0.02% of their US portfolio. Decatur Capital Mngmt reported 57,874 shares or 0.59% of all its holdings. The New York-based Contour Asset Mgmt Ltd Limited Liability Company has invested 5.35% in Electronic Arts Inc. (NASDAQ:EA). Lone Pine Cap Ltd, a Connecticut-based fund reported 3.56M shares.
Insider Transactions: Since April 13, 2016, the stock had 0 buys, and 47 sales for $41.52 million net activity. 10,000 shares were sold by MOORE PETER R., worth $773,373 on Wednesday, August 3. Wilson Andrew sold 8,000 shares worth $496,895. Another trade for 8,221 shares valued at $668,963 was sold by HOAG JAY C. The insider LINZNER JOEL sold 4,000 shares worth $306,397. The insider Jorgensen Blake J sold $737,938. Another trade for 2,500 shares valued at $187,126 was sold by Warren Denise. Another trade for 15,909 shares valued at $1.29M was sold by BARKER KENNETH A.
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 23.73 P/E ratio. The Firm markets and sells its games and services through retail channels and through digital distribution channels.
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