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 740,826 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 $96.25M for 66.55 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 -0.77% below today’s ($85.18) stock price. Electronic Arts has been the topic of 25 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was maintained by Credit Suisse on Monday, January 25 with “Outperform”. BMO Capital Markets initiated Electronic Arts Inc. (NASDAQ:EA) on Wednesday, April 27 with “Market Perform” rating. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Buy” rating by Hilliard Lyons on Tuesday, February 9. Piper Jaffray maintained the stock with “Overweight” rating in Monday, August 10 report. Benchmark maintained Electronic Arts Inc. (NASDAQ:EA) rating on Wednesday, May 11. Benchmark has “Buy” rating and $82.64 price target. M Partners upgraded Electronic Arts Inc. (NASDAQ:EA) on Wednesday, October 14 to “Buy” rating. Atlantic Securities upgraded the stock to “Overweight” rating in Friday, December 4 report. Stifel Nicolaus maintained Electronic Arts Inc. (NASDAQ:EA) rating on Thursday, May 12. Stifel Nicolaus has “Buy” rating and $82 price target. On Friday, September 23 the stock rating was initiated by Morgan Stanley with “Overweight”. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, September 12.
Insitutional Activity: The institutional sentiment decreased to 0.71 in Q2 2016. 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.
Tcw Grp Incorporated has 0.01% invested in the company for 24,965 shares. Blackrock has 842,624 shares for 0.1% of their US portfolio. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.09% in Electronic Arts Inc. (NASDAQ:EA). Jag Cap Mgmt Lc holds 2.97% of its portfolio in Electronic Arts Inc. (NASDAQ:EA) for 197,343 shares. Manchester Capital Management Llc reported 2,120 shares or 0.02% of all its holdings. Bkd Wealth Advsr Ltd reported 3,869 shares or 0.04% of all its holdings. River Mercantile Asset Mngmt Limited Liability Partnership holds 0.06% of its portfolio in Electronic Arts Inc. (NASDAQ:EA) for 1,900 shares. Nomura has 294,573 shares for 0.07% of their US portfolio. Moreover, X Limited Liability has 0% invested in Electronic Arts Inc. (NASDAQ:EA) for 742 shares. Moreover, Crestpoint Mgmt Ltd Liability Company has 0.5% invested in Electronic Arts Inc. (NASDAQ:EA) for 12,500 shares. Moreover, Aberdeen Asset Mngmt Public Limited Co Uk has 0.07% invested in Electronic Arts Inc. (NASDAQ:EA) for 244,569 shares. Shelton Capital Mngmt last reported 0.17% of its portfolio in the stock. Vanguard Gp Inc has 26.75M shares for 0.13% of their US portfolio. Moreover, Tokio Marine Asset Management Co Ltd has 0.07% invested in Electronic Arts Inc. (NASDAQ:EA) for 9,583 shares. Jaffetilchin Invest Partners Ltd Liability Corp has 0.34% invested in the company for 15,022 shares.
Insider Transactions: Since April 13, 2016, the stock had 0 insider buys, and 47 selling transactions for $41.52 million net activity. $737,938 worth of shares were sold by Jorgensen Blake J on Monday, May 23. LINZNER JOEL also sold $1.60M worth of Electronic Arts Inc. (NASDAQ:EA) shares. MOORE PETER R. sold $838,089 worth of stock or 10,000 shares. Shares for $615,117 were sold by Wilson Andrew. On Thursday, May 12 the insider Warren Denise sold $187,126. On Tuesday, May 17 the insider Soderlund Patrick sold $6.79M. Another trade for 2,668 shares valued at $212,686 was sold by Miele Laura.
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 $25.62 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 23.63 P/E ratio. The Firm markets and sells its games and services through retail channels and through digital distribution channels.
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