It Seems Electronic Arts Inc. Will Go Down. Had Bearish Options Activity

 It Seems Electronic Arts Inc. Will Go Down. Had Bearish Options Activity

In today’s session Electronic Arts Inc. (EA) recorded an unusually high (174) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious EA decrease. With 174 contracts traded and 7684 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: EA170120P00080000 closed last at: $3.55 or 1.4% up. About 2.76M shares traded hands or 13.58% up from the average. Electronic Arts Inc. (NASDAQ:EA) has risen 27.97% since March 28, 2016 and is uptrending. It has outperformed by 23.26% 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 $96.39M for 62.35 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 17 analysts covering Electronic Arts (NASDAQ:EA), 14 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 82% are positive. Electronic Arts has been the topic of 29 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The company was upgraded on Tuesday, February 9 by Hilliard Lyons. The rating was upgraded by Atlantic Securities on Friday, December 4 to “Overweight”. The stock has “Long-Term Buy” rating given by Hilliard Lyons on Wednesday, March 30. The stock has “Buy” rating given by Stifel Nicolaus on Monday, October 17. The rating was upgraded by Bank of America to “Buy” on Friday, January 15. The firm has “Outperform” rating by Credit Suisse given on Monday, January 25. On Monday, January 18 the stock rating was upgraded by Bank of America to “Buy”. The company was downgraded on Monday, October 24 by Bank of America. Benchmark maintained the shares of EA in a report on Monday, May 23 with “Buy” rating. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Buy” rating by Benchmark on Wednesday, May 11.

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 Q2 2016. 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.
The New York-based Alliancebernstein Ltd Partnership has invested 0.14% in Electronic Arts Inc. (NASDAQ:EA). Assetmark Incorporated reported 989 shares or 0% of all its holdings. Rfg Advisory Grp Limited Liability Company accumulated 8,140 shares or 0.54% of the stock. Apg Asset Nv holds 0.08% or 595,874 shares in its portfolio. Dekabank Deutsche Girozentrale reported 35,868 shares or 0.03% of all its holdings. Nationwide Fund Advsr holds 813,285 shares or 0.27% of its portfolio. The United Kingdom-based Oxford Asset has invested 0.35% in Electronic Arts Inc. (NASDAQ:EA). Huntington Bank, a Ohio-based fund reported 135,062 shares. Everpoint Asset accumulated 0.27% or 177,500 shares. The United Kingdom-based Marshall Wace Llp has invested 0.11% in Electronic Arts Inc. (NASDAQ:EA). Moreover, Lucus Advsrs Lc has 0.29% invested in Electronic Arts Inc. (NASDAQ:EA) for 4,649 shares. Legal And General Group Public Limited Company has 1.25M shares for 0.1% of their US portfolio. Bridgeway Capital Management accumulated 85,400 shares or 0.1% of the stock. Sumitomo Mitsui has 996,210 shares for 0.13% of their US portfolio. Tci Wealth Advsr Incorporated reported 70 shares or 0% of all its holdings.

Insider Transactions: Since May 2, 2016, the stock had 0 buys, and 50 sales for $48.63 million net activity. LINZNER JOEL also sold $682,716 worth of Electronic Arts Inc. (NASDAQ:EA) on Monday, October 3. 8,221 shares with value of $668,963 were sold by HOAG JAY C on Thursday, August 25. 8,000 shares with value of $607,679 were sold by Soderlund Patrick on Friday, July 1. $615,117 worth of Electronic Arts Inc. (NASDAQ:EA) was sold by Wilson Andrew. 2,668 Electronic Arts Inc. (NASDAQ:EA) shares with value of $212,686 were sold by Miele Laura. Another trade for 15,000 shares valued at $1.18 million was sold by TOLEDANO GABRIELLE B. On Thursday, May 12 the insider Warren Denise sold $187,126.

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 $24.04 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 22.14 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.

Another recent and important Electronic Arts Inc. (NASDAQ:EA) news was published by Learnbonds.com which published an article titled: “Electronic Arts Inc. (EA) Makes its Best-Ever Battlefield Game” on October 19, 2016.

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