What Next for Electronic Arts Inc. Stock After Today’s Bullish Options Activity?


 What Next for Electronic Arts Inc. Stock After Today's Bullish Options Activity?

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 545,292 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 $96.26 million for 66.85 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. On Monday, October 26 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Buy” rating by Hilliard Lyons on Tuesday, February 9. The rating was maintained by Stifel Nicolaus on Monday, September 12 with “Buy”. The firm has “Buy” rating given on Wednesday, October 14 by M Partners. M Partners maintained the shares of EA in a report on Monday, July 27 with “Neutral” rating. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Outperform” rating by Credit Suisse on Monday, January 25. On Wednesday, March 30 the stock rating was downgraded by Hilliard Lyons to “Long-Term Buy”. The rating was maintained by Piper Jaffray on Monday, August 10 with “Overweight”. The stock has “Outperform” rating given by Oppenheimer on Thursday, November 12. The firm earned “Buy” rating on Thursday, May 12 by Stifel Nicolaus.

Insitutional Activity: The institutional sentiment decreased to 0.71 in 2016 Q2. 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.
Cypress Capital Mgmt Ltd Llc (Wy) accumulated 300 shares or 0% of the stock. Private Tru Com Na reported 3,495 shares or 0.07% of all its holdings. Balyasny Asset Limited Liability Company holds 351,032 shares or 0.17% of its portfolio. Bp Pcl has invested 0.45% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Blackrock Institutional Na last reported 8.19M shares in the company. Moreover, Amica Retiree Med has 0.14% invested in Electronic Arts Inc. (NASDAQ:EA) for 2,195 shares. Bessemer Gp Inc last reported 0% of its portfolio in the stock. Sarasin And Partners Ltd Liability Partnership holds 1% of its portfolio in Electronic Arts Inc. (NASDAQ:EA) for 793,206 shares. Parkwood Lc reported 4,240 shares or 0.05% of all its holdings. Brown Brothers Harriman Co holds 0.01% of its portfolio in Electronic Arts Inc. (NASDAQ:EA) for 30,560 shares. Dana Advsrs has 294,700 shares for 0.99% of their US portfolio. Andra Ap, a Alabama-based fund reported 25,300 shares. Hbk Investments L P last reported 0.06% of its portfolio in the stock. Federated Pa holds 0.02% or 93,821 shares in its portfolio. Bridgeway Cap Mgmt owns 85,400 shares or 0.1% of their US portfolio.

Insider Transactions: Since April 13, 2016, the stock had 0 buys, and 47 selling transactions for $41.52 million net activity. HOAG JAY C also sold $668,963 worth of Electronic Arts Inc. (NASDAQ:EA) on Thursday, August 25. 8,000 shares were sold by Wilson Andrew, worth $496,895. $213,751 worth of Electronic Arts Inc. (NASDAQ:EA) shares were sold by Miele Laura. Another trade for 5,000 shares valued at $395,314 was made by TOLEDANO GABRIELLE B on Monday, August 15. The insider Schatz Jacob J. sold 10,000 shares worth $749,029. MOORE PETER R. sold $606,674 worth of stock or 8,000 shares. The insider LINZNER JOEL sold 2,000 shares worth $130,000.

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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