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 112,964 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 $96.26M for 66.77 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 -1.11% below today’s ($85.47) stock price. Electronic Arts has been the topic of 25 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, May 23 by Benchmark. On Friday, January 15 the stock rating was upgraded by Bank of America to “Buy”. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Overweight” rating given on Monday, August 10 by Piper Jaffray. Mizuho maintained Electronic Arts Inc. (NASDAQ:EA) rating on Friday, October 30. Mizuho has “Buy” rating and $84 price target. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Neutral” rating by M Partners on Monday, July 27. On Friday, December 4 the stock rating was upgraded by Atlantic Securities to “Overweight”. Credit Suisse maintained it with “Outperform” rating and $90 target price in Monday, January 25 report. As per Tuesday, February 9, the company rating was upgraded by Hilliard Lyons. As per Wednesday, April 27, the company rating was initiated by BMO Capital Markets. The firm has “Buy” rating given on Wednesday, October 14 by M Partners.
Insitutional Activity: The institutional sentiment decreased to 0.71 in Q2 2016. 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.
Moore Capital Mngmt Lp, a New York-based fund reported 2,755 shares. Suntrust Banks has invested 0.01% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Moreover, Appleton Prtnrs Ma has 0.31% invested in Electronic Arts Inc. (NASDAQ:EA) for 19,815 shares. Jefferies Group Llc, a New York-based fund reported 2,781 shares. Bluemountain Capital Limited Liability Company last reported 0.03% of its portfolio in the stock. Princeton Alpha Mgmt Ltd Partnership holds 11,569 shares or 0.16% of its portfolio. Cibc Ww Mkts last reported 0% of its portfolio in the stock. Gateway Inv Advisers Limited Liability last reported 23,363 shares in the company. Moreover, Blackrock Advsrs has 0.04% invested in Electronic Arts Inc. (NASDAQ:EA) for 546,065 shares. Umb National Bank & Trust N A Mo has 3,054 shares for 0.01% of their US portfolio. Airain has 0.08% invested in the company for 17,575 shares. Paloma Prns Mgmt, a Connecticut-based fund reported 101,828 shares. Aperio Group Ltd Liability Corp accumulated 96,200 shares or 0.06% of the stock. Retirement System Of Alabama reported 153,764 shares or 0.07% of all its holdings. Signaturefd Ltd Company last reported 0% of its portfolio in the stock.
Insider Transactions: Since April 13, 2016, the stock had 0 insider purchases, and 47 insider sales for $41.52 million net activity. The insider LINZNER JOEL sold $975,000. 8,000 shares were sold by Soderlund Patrick, worth $607,679 on Friday, July 1. Wilson Andrew also sold $611,750 worth of Electronic Arts Inc. (NASDAQ:EA) shares. TOLEDANO GABRIELLE B had sold 4,000 shares worth $264,051. $212,686 worth of Electronic Arts Inc. (NASDAQ:EA) was sold by Miele Laura. 8,221 Electronic Arts Inc. (NASDAQ:EA) shares with value of $668,963 were sold by HOAG JAY C. The insider MOORE PETER R. sold 18,475 shares worth $1.39M.
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 $25.71 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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