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 973,483 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 66.69 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 -0.98% below today’s ($85.36) stock price. Electronic Arts has been the topic of 25 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Market Perform” rating given on Wednesday, April 27 by BMO Capital Markets. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Buy” rating by Stifel Nicolaus on Monday, October 26. The rating was upgraded by Atlantic Securities to “Overweight” on Friday, December 4. M Partners upgraded Electronic Arts Inc. (NASDAQ:EA) on Wednesday, October 14 to “Buy” rating. Stifel Nicolaus maintained Electronic Arts Inc. (NASDAQ:EA) on Monday, September 12 with “Buy” rating. Bank of America upgraded the shares of EA in a report on Monday, January 18 to “Buy” rating. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Buy” rating given on Monday, May 23 by Benchmark. The rating was maintained by Mizuho on Friday, October 30 with “Buy”. As per Thursday, May 12, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Credit Suisse with “Outperform” on Monday, January 25.
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.
Ontario Teachers Pension Plan Board last reported 18,548 shares in the company. Bb&T Corporation last reported 0.13% of its portfolio in the stock. Euclid Llc holds 124,250 shares or 0.41% of its portfolio. The New York-based Gerstein Fisher has invested 0.75% in Electronic Arts Inc. (NASDAQ:EA). Pinebridge L P has 1,092 shares for 0% of their US portfolio. Standard Life Invests has 4.85M shares for 1.66% of their US portfolio. Andra Ap accumulated 25,300 shares or 0.05% of the stock. Sumitomo Mitsui Asset Mgmt last reported 0.05% of its portfolio in the stock. Fmr has 29.81 million shares for 0.31% of their US portfolio. Moreover, Gmt Capital Corporation has 0.04% invested in Electronic Arts Inc. (NASDAQ:EA) for 23,320 shares. Cetera Advsr Ltd Com last reported 5,041 shares in the company. Gsa Capital Partners Ltd Liability Partnership owns 4,624 shares or 0.02% of their US portfolio. Daiwa Secs Grp Inc owns 9,000 shares or 0% of their US portfolio. The Minnesota-based Winslow Capital Limited Liability Corp has invested 1.21% in Electronic Arts Inc. (NASDAQ:EA). Evercore Wealth Mgmt Ltd Llc accumulated 260 shares or 0% of the stock.
Insider Transactions: Since April 13, 2016, the stock had 0 insider purchases, and 47 sales for $41.52 million net activity. The insider TOLEDANO GABRIELLE B sold 4,000 shares worth $264,051. COLEMAN LEONARD S JR sold 8,400 shares worth $650,732. 8,221 shares were sold by HOAG JAY C, worth $668,963. 2,072 shares were sold by Miele Laura, worth $153,618. Jorgensen Blake J had sold 10,100 shares worth $818,807. BARKER KENNETH A sold $1.29 million worth of stock or 15,909 shares. 8,000 Electronic Arts Inc. (NASDAQ:EA) shares with value of $615,117 were sold by Wilson Andrew.
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 23.68 P/E ratio. The Firm markets and sells its games and services through retail channels and through digital distribution channels.
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