Traders See Bearish Options Activity Electronic Arts Inc.

 Traders See Bearish Options Activity Electronic Arts Inc.

In today’s session Electronic Arts Inc. (EA) recorded an unusually high (512) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious EA decrease. With 512 contracts traded and 84344 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: EA161021P00081000 closed last at: $0.96 or 45.5% up. About 1.46M shares traded hands. Electronic Arts Inc. (NASDAQ:EA) has risen 27.47% since March 14, 2016 and is uptrending. It has outperformed by 21.86% 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 $97.23 million for 64.38 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. Electronic Arts has been the topic of 27 analyst reports since July 28, 2015 according to StockzIntelligence Inc. M Partners upgraded the shares of EA in a report on Wednesday, October 14 to “Buy” rating. Stifel Nicolaus maintained the shares of EA in a report on Thursday, May 12 with “Buy” rating. On Friday, September 23 the stock rating was initiated by Morgan Stanley with “Overweight”. Benchmark maintained the stock with “Buy” rating in Monday, May 23 report. Stifel Nicolaus maintained it with “Buy” rating and $87 target price in Monday, September 12 report. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Overweight” rating given on Friday, December 4 by Atlantic Securities. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Outperform” rating by Oppenheimer on Friday, October 14. The firm has “Long-Term Buy” rating given on Wednesday, March 30 by Hilliard Lyons. Piper Jaffray maintained the shares of EA in a report on Monday, August 10 with “Overweight” rating. The rating was initiated by BMO Capital Markets on Wednesday, April 27 with “Market Perform”.

According to Zacks Investment Research, “Electronic Arts Inc. operates in two principal business segments globally: EA Core business segment: creation, marketing and distribution of entertainment software and the EA.com business segment: creation, marketing and distribution of entertainment software which can be played or sold online.”

Insitutional Activity: The institutional sentiment decreased to 0.71 in 2016 Q2. Its down 0.10, from 0.81 in 2016Q1. The ratio dived, 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.
Connor Clark Lunn Invest Mgmt Limited reported 34,200 shares or 0.02% of all its holdings. Jefferies Group Limited Liability Company has 0% invested in the company for 2,781 shares. Sarasin And Partners Llp accumulated 1% or 793,206 shares. Manning And Napier Ltd Liability Corporation has 2.22% invested in the company for 4.83M shares. Invesco, a Georgia-based fund reported 4.97M shares. Dai Ichi Life Insurance Co Ltd owns 80,654 shares or 0.18% of their US portfolio. Axa has invested 0.11% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). State Of Wisconsin Inv Board holds 336,606 shares or 0.1% of its portfolio. Coatue Management Llc holds 4.73 million shares or 5.11% of its portfolio. Lombard Odier Asset Mngmt (Europe) has 3,750 shares for 0.01% of their US portfolio. Moreover, South Texas Money has 0.73% invested in Electronic Arts Inc. (NASDAQ:EA) for 172,461 shares. Glob X Mngmt Ltd Com last reported 742 shares in the company. Bnp Paribas Inv Prns reported 333,672 shares or 0.21% of all its holdings. Jane Street Grp Ltd has 0% invested in the company for 3,280 shares. Chase Inv Counsel has 3.04% invested in the company for 90,673 shares.

Insider Transactions: Since April 20, 2016, the stock had 0 insider buys, and 50 insider sales for $48.28 million net activity. On Thursday, May 12 the insider Warren Denise sold $187,126. 7,300 shares were sold by Jorgensen Blake J, worth $479,305. Another trade for 15,000 shares valued at $1.12M was sold by TOLEDANO GABRIELLE B. MOORE PETER R. sold $500,352 worth of Electronic Arts Inc. (NASDAQ:EA) on Tuesday, May 3. $212,686 worth of Electronic Arts Inc. (NASDAQ:EA) was sold by Miele Laura on Friday, August 5. Shares for $1.85M were sold by LINZNER JOEL. 8,000 shares were sold by Soderlund Patrick, worth $651,051.

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 $25.04 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 22.87 P/E ratio. The Firm markets and sells its games and services through retail channels and through digital distribution channels.

EA Company Profile

Electronic Arts Inc., incorporated on May 8, 1991, 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 (PCs), mobile phones and tablets. 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. The Firm markets and sells its games and services through retail channels and through digital distribution channels.

More notable recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Investorplace.com which released: “3 Big Stock Charts: Electronic Arts Inc. (EA), J C Penney Company Inc (JCP …” on October 14, 2016, also Learnbonds.com with their article: “Electronic Arts Inc. (EA) Rival Blizzard Updates ‘Overwatch’ for Halloween” published on October 14, 2016, Learnbonds.com published: “Electronic Arts Inc. (EA) Premieres the New ‘Betrayed’ Cinematic Trailer” on October 13, 2016. More interesting news about Electronic Arts Inc. (NASDAQ:EA) were released by: Schaeffersresearch.com and their article: “Analyst Upgrades: Activision Blizzard, Inc., Electronic Arts Inc., and Take …” published on October 14, 2016 as well as Bloomberg.com‘s news article titled: “Zynga Adds Fifth Ex-Electronic Arts Executive, With Its Blessing” with publication date: September 29, 2016.

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