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 817,868 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 $96.24 million for 66.63 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 -0.90% below today’s ($85.29) stock price. Electronic Arts has been the topic of 25 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Bank of America upgraded Electronic Arts Inc. (NASDAQ:EA) rating on Friday, January 15. Bank of America has “Buy” rating and $81.0 price target. Stifel Nicolaus maintained it with “Buy” rating and $82 target price in Thursday, May 12 report. BMO Capital Markets initiated Electronic Arts Inc. (NASDAQ:EA) on Wednesday, April 27 with “Market Perform” rating. Hilliard Lyons upgraded Electronic Arts Inc. (NASDAQ:EA) on Tuesday, February 9 to “Buy” rating. The rating was maintained by Stifel Nicolaus on Monday, September 12 with “Buy”. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Neutral” rating given on Monday, July 27 by M Partners. The rating was maintained by Stifel Nicolaus on Monday, October 26 with “Buy”. On Friday, September 23 the stock rating was initiated by Morgan Stanley with “Overweight”. M Partners upgraded the shares of EA in a report on Wednesday, October 14 to “Buy” rating. The firm has “Overweight” rating by Atlantic Securities given on Friday, December 4.
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.
Euclid Ltd Liability Company, a Connecticut-based fund reported 124,250 shares. First Personal Fincl Svcs accumulated 0% or 31 shares. Geode Capital Management Limited Liability last reported 2.85M shares in the company. Shell Asset Commerce last reported 0.04% of its portfolio in the stock. Blackrock Japan Limited reported 468,766 shares or 0.13% of all its holdings. Natixis reported 190,875 shares or 0.27% of all its holdings. Lenox Wealth Advsrs last reported 0% of its portfolio in the stock. Amalgamated Savings Bank owns 26,219 shares or 0.12% of their US portfolio. Dsam Prns (London) Limited has 195,427 shares for 4.52% of their US portfolio. Gerstein Fisher holds 0.75% or 75,635 shares in its portfolio. Company Of Vermont has invested 0.01% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). The Virginia-based Yorktown Mgmt & Research Co has invested 0.08% in Electronic Arts Inc. (NASDAQ:EA). Caisse De Depot Et Placement Du Quebec has invested 0.01% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Cowen Group Inc accumulated 31,949 shares or 0.16% of the stock. Gsa Ltd Liability Partnership holds 0.02% or 4,624 shares in its portfolio.
Insider Transactions: Since April 13, 2016, the stock had 0 insider purchases, and 47 sales for $41.52 million net activity. Soderlund Patrick also sold $651,051 worth of Electronic Arts Inc. (NASDAQ:EA) on Thursday, September 1. 2,000 shares with value of $130,000 were sold by LINZNER JOEL on Monday, May 9. MOORE PETER R. sold 8,000 shares worth $606,674. The insider Jorgensen Blake J sold 10,100 shares worth $840,469. On Wednesday, August 31 the insider PROBST LAWRENCE F III sold $1.02 million. 8,000 shares were sold by Wilson Andrew, worth $496,895 on Monday, May 2. $187,126 worth of shares were sold by Warren Denise on Thursday, May 12.
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 $25.65 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 23.66 P/E ratio. The Firm markets and sells its games and services through retail channels and through digital distribution channels.
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