What Will Happen to Electronic Arts Inc. Next? The Stock Just Had Huge Bullish Options Activity

 What Will Happen to Electronic Arts Inc. Next? The Stock Just Had Huge Bullish Options Activity

In today’s session Electronic Arts Inc. (EA) registered an unusually high (5,203) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious EA increase. With 5,203 contracts traded and 51104 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: EA161216C00087500 closed last at: $0.65 or 4.4% down. About 236,881 shares traded hands. Electronic Arts Inc. (NASDAQ:EA) has risen 22.57% since April 5, 2016 and is uptrending. It has outperformed by 20.61% the S&P500.

Electronic Arts Inc. (NASDAQ:EA) Ratings Coverage

Out of 17 analysts covering Electronic Arts (NASDAQ:EA), 13 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 76% are positive. $101.25 is the highest target while $67 is the lowest. The $86.75 average target is 7.90% above today’s ($80.4) stock price. Electronic Arts has been the topic of 31 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Neutral” rating given on Wednesday, October 26 by Wedbush. Oppenheimer initiated the shares of EA in a report on Thursday, November 12 with “Outperform” rating. The firm has “Long-Term Buy” rating given on Wednesday, March 30 by Hilliard Lyons. Piper Jaffray maintained it with “Overweight” rating and $85 target price in Monday, August 10 report. M Partners upgraded it to “Buy” rating and $82 target price in Wednesday, October 14 report. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Overweight” rating by Atlantic Securities on Friday, December 4. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Buy” rating given on Wednesday, May 11 by Benchmark. As per Friday, October 14, the company rating was maintained by Oppenheimer. The firm has “Buy” rating given on Monday, January 18 by Bank of America. Hilliard Lyons upgraded Electronic Arts Inc. (NASDAQ:EA) on Tuesday, February 9 to “Buy” rating.

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 fall, 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.
Weatherly Asset Mngmt L P last reported 0.15% of its portfolio in the stock. Guggenheim Capital Lc, a Illinois-based fund reported 906,970 shares. Cadence Capital Mngmt Limited Liability last reported 0.1% of its portfolio in the stock. Proshare Advsrs Ltd Liability Corp holds 0.12% or 124,185 shares in its portfolio. Affinity Investment Advsr Ltd Liability Corporation holds 0.24% of its portfolio in Electronic Arts Inc. (NASDAQ:EA) for 42,027 shares. Balyasny Asset Mngmt last reported 0.17% of its portfolio in the stock. The Pennsylvania-based Stevens Capital Management L P has invested 0.1% in Electronic Arts Inc. (NASDAQ:EA). Dekabank Deutsche Girozentrale holds 0.03% or 35,868 shares in its portfolio. Strategic Advsrs Limited Liability Corporation holds 0.51% or 17,777 shares in its portfolio. Cleararc has 7,306 shares for 0.11% of their US portfolio. Moore Capital Management Limited Partnership owns 2,755 shares or 0.01% of their US portfolio. Denver Inv Advisors Limited Liability Company holds 28,634 shares or 0.1% of its portfolio. The Indiana-based Everence Mngmt Inc has invested 0.18% in Electronic Arts Inc. (NASDAQ:EA). Public Sector Pension Invest Board holds 0.05% of its portfolio in Electronic Arts Inc. (NASDAQ:EA) for 57,191 shares. Pioneer Inv Inc has 0.04% invested in the company for 138,541 shares.

Insider Transactions: Since May 9, 2016, the stock had 0 insider purchases, and 48 insider sales for $44.83 million net activity. Shares for $825,552 were sold by Wilson Andrew. 10,000 shares were sold by MOORE PETER R., worth $773,373 on Wednesday, August 3. 10,100 shares were sold by Jorgensen Blake J, worth $840,469. $621,922 worth of Electronic Arts Inc. (NASDAQ:EA) was sold by Soderlund Patrick. Miele Laura sold $153,618 worth of stock or 2,072 shares. Shares for $749,029 were sold by Schatz Jacob J. on Monday, May 16. Another trade for 2,500 shares valued at $187,126 was sold by Warren Denise.

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 $24.37 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 20.48 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: Foxbusiness.com which released: “Electronic Arts Inc. Sales Boosted by Sports, Star Wars Franchises” on November 04, 2016, also Wsj.com with their article: “Electronic Arts Says Revenue Up, Raises Outlook” published on November 01, 2016, Wsj.com published: “Electronic Arts Earnings: What to Watch” on November 01, 2016. More interesting news about Electronic Arts Inc. (NASDAQ:EA) were released by: Nasdaq.com and their article: “Earnings Reaction History: Electronic Arts Inc, 50.0% Follow-Through Indicator …” published on November 01, 2016 as well as Investorplace.com‘s news article titled: “Why McKesson Corporation (MCK), Amgen, Inc. (AMGN) and Electronic Arts Inc …” with publication date: October 28, 2016.

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