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 215,101 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 $96.27 million for 66.90 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 -1.30% below today’s ($85.63) stock price. Electronic Arts has been the topic of 25 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Benchmark maintained the shares of EA in a report on Wednesday, May 11 with “Buy” rating. The firm has “Buy” rating given on Monday, January 18 by Bank of America. The rating was upgraded by Bank of America to “Buy” on Friday, January 15. As per Wednesday, April 27, the company rating was initiated by BMO Capital Markets. The rating was upgraded by Atlantic Securities to “Overweight” on Friday, December 4. The firm earned “Outperform” rating on Thursday, November 12 by Oppenheimer. The stock has “Buy” rating given by Stifel Nicolaus on Thursday, May 12. M Partners upgraded Electronic Arts Inc. (NASDAQ:EA) rating on Wednesday, October 14. M Partners has “Buy” rating and $82 price target. The rating was maintained by Mizuho with “Buy” on Friday, October 30. The company was maintained on Monday, January 25 by Credit Suisse.
Insitutional Activity: The institutional sentiment decreased to 0.71 in Q2 2016. Its down 0.10, from 0.81 in 2016Q1. The ratio is 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.
Navellier & reported 210,692 shares or 2.38% of all its holdings. New Mexico Educational Retirement Board has 35,163 shares for 0.12% of their US portfolio. Ontario Teachers Pension Plan Board last reported 0.02% of its portfolio in the stock. Los Angeles Cap Mgmt Equity, a California-based fund reported 2,850 shares. The Massachusetts-based Acadian Asset Mngmt Limited Liability Co has invested 0% in Electronic Arts Inc. (NASDAQ:EA). 1832 Asset Mgmt Limited Partnership last reported 0.08% of its portfolio in the stock. Rail accumulated 3.76% or 206,543 shares. Cohen Klingenstein Ltd Company has 0.17% invested in the company for 11,858 shares. Shinko Asset Mngmt Limited has 37,896 shares for 0.02% of their US portfolio. Artisan Limited Partnership last reported 1.21% of its portfolio in the stock. Lucus Advisors Ltd has 4,649 shares for 0.29% of their US portfolio. Commerzbank Aktiengesellschaft Fi accumulated 59,838 shares or 0.03% of the stock. Natixis has 190,875 shares for 0.27% of their US portfolio. The Massachusetts-based Copper Rock Capital Prtn has invested 0.04% in Electronic Arts Inc. (NASDAQ:EA). First Quadrant Limited Partnership Ca last reported 33,000 shares in the company.
Insider Transactions: Since April 13, 2016, the stock had 0 insider purchases, and 47 insider sales for $41.52 million net activity. 8,000 shares with value of $611,750 were sold by Wilson Andrew on Monday, August 1. Shares for $1.60 million were sold by LINZNER JOEL. 20,000 Electronic Arts Inc. (NASDAQ:EA) shares with value of $1.50M were sold by TOLEDANO GABRIELLE B. The insider Soderlund Patrick sold 53,278 shares worth $3.86M. SMITH SAMANTHA S. had sold 4,029 shares worth $304,490 on Thursday, May 12. $606,674 worth of Electronic Arts Inc. (NASDAQ:EA) was sold by MOORE PETER R.. On Monday, May 16 the insider Schatz Jacob J. sold $749,029.
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 $25.76 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 23.76 P/E ratio. The Firm markets and sells its games and services through retail channels and through digital distribution channels.
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