Electronic Arts Inc. Can’t Burn Your Long Portfolio. Option Traders are Bullish

 Electronic Arts Inc. Can't Burn Your Long Portfolio. Option Traders are Bullish

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 683,707 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 earnings per share, down 38.46% or $0.20 from last year’s $0.52 per share. EA’s profit will be $96.26M for 66.70 P/E if the $0.32 EPS becomes a reality. After $-0.08 actual earnings per share 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 -1.00% below today’s ($85.37) stock price. Electronic Arts has been the topic of 25 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, May 11 by Benchmark. Benchmark maintained Electronic Arts Inc. (NASDAQ:EA) on Monday, May 23 with “Buy” rating. The company was downgraded on Wednesday, March 30 by Hilliard Lyons. The rating was maintained by Stifel Nicolaus on Thursday, May 12 with “Buy”. The stock has “Buy” rating given by Mizuho on Friday, October 30. The stock has “Outperform” rating given by Credit Suisse on Monday, January 25. The firm has “Neutral” rating by M Partners given on Monday, July 27. The firm earned “Outperform” rating on Thursday, November 12 by Oppenheimer. The rating was maintained by Stifel Nicolaus on Monday, September 12 with “Buy”. The rating was upgraded by Bank of America to “Buy” on Monday, January 18.

Insitutional Activity: The institutional sentiment decreased to 0.71 in 2016 Q2. Its down 0.10, from 0.81 in 2016Q1. The ratio fall, 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.
Caxton Assoc Limited Partnership owns 57,007 shares or 0.12% of their US portfolio. Natl Bank Of Stockton has 13,875 shares for 0.56% of their US portfolio. Brave Asset Mngmt Incorporated has 0.01% invested in the company for 130 shares. Independent Consultants holds 935 shares or 0.02% of its portfolio. Twin Tree Management L P has 0.01% invested in the company for 4,739 shares. Stephens Invest Grp Ltd Liability Co last reported 14,965 shares in the company. Teachers Advsr, a New York-based fund reported 988,411 shares. Andra Ap, a Alabama-based fund reported 25,300 shares. Ubs Oconnor Ltd has 0% invested in the company for 16,590 shares. Smith Asset Mgmt Gru Limited Partnership accumulated 0.4% or 176,480 shares. Nuveen Asset Management Ltd Limited Liability Company, a Illinois-based fund reported 463,495 shares. Loomis Sayles & L P accumulated 0% or 89 shares. Moreover, Thrivent Financial For Lutherans has 0% invested in Electronic Arts Inc. (NASDAQ:EA) for 9,420 shares. Suntrust Banks last reported 0.01% of its portfolio in the stock. Moreover, Tcw Gru Incorporated has 0.01% invested in Electronic Arts Inc. (NASDAQ:EA) for 24,965 shares.

Insider Transactions: Since April 13, 2016, the stock had 0 insider buys, and 47 insider sales for $41.52 million net activity. 4,000 shares with value of $264,051 were sold by TOLEDANO GABRIELLE B on Wednesday, April 20. $6.79 million worth of shares were sold by Soderlund Patrick on Tuesday, May 17. Jorgensen Blake J had sold 10,100 shares worth $818,807. Wilson Andrew sold $651,113 worth of Electronic Arts Inc. (NASDAQ:EA) on Thursday, September 1. The insider SMITH SAMANTHA S. sold 4,029 shares worth $304,490. COLEMAN LEONARD S JR sold 8,400 shares worth $650,732. The insider Miele Laura sold 2,668 shares worth $212,686.

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 $25.68 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 23.69 P/E ratio. The Firm markets and sells its games and services through retail channels and through digital distribution channels.

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