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

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

In today’s session Electronic Arts Inc. (EA) registered an unusually high (715) 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 715 contracts traded and 21624 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: EA161216C00082500 closed last at: $1.05 or 25% up. About 476,378 shares traded hands. Electronic Arts Inc. (NASDAQ:EA) has risen 19.69% since April 18, 2016 and is uptrending. It has outperformed by 15.26% 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. Electronic Arts has been the topic of 31 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Bank of America given on Monday, January 18. The rating was maintained by Benchmark with “Buy” on Wednesday, November 2. The firm earned “Buy” rating on Monday, October 26 by Stifel Nicolaus. Hilliard Lyons downgraded the shares of EA in a report on Wednesday, March 30 to “Long-Term Buy” rating. The firm has “Buy” rating given on Monday, October 17 by Stifel Nicolaus. The firm earned “Neutral” rating on Wednesday, November 2 by Mizuho. The firm has “Buy” rating by Mizuho given on Friday, October 30. The rating was upgraded by Bank of America on Friday, January 15 to “Buy”. The rating was maintained by Stifel Nicolaus on Monday, September 12 with “Buy”. Benchmark maintained the shares of EA in a report on Monday, May 23 with “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 increased to 0.81 in Q2 2016. Its up 0.10, from 0.71 in 2016Q1. The ratio increased, 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.
Fmr Limited Liability accumulated 29.81 million shares or 0.31% of the stock. Atlantic Tru Grp Incorporated has invested 0.03% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Osborne Prtnrs Cap Mgmt Lc last reported 27,750 shares in the company. Ladenburg Thalmann Financial Svcs Inc holds 6,656 shares or 0.01% of its portfolio. Jacobs & Ca has invested 0.44% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Cibc Ww Markets holds 0% or 5,103 shares in its portfolio. Kcg Holdings Inc has invested 0.04% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Barclays Plc last reported 0.03% of its portfolio in the stock. Blackrock Inc accumulated 0.1% or 842,624 shares. Leuthold Gru Ltd Company accumulated 1.18% or 146,848 shares. Zacks Invest Mngmt has 10,695 shares for 0.02% of their US portfolio. First Personal Fincl Svcs, a North Carolina-based fund reported 31 shares. Marsico Capital Mgmt Ltd Liability Com owns 1.15 million shares or 3.04% of their US portfolio. Qs Limited, a New York-based fund reported 69,411 shares. Janney Montgomery Scott Ltd reported 3,815 shares or 0% of all its holdings.

Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 45 sales for $38.17 million net activity. SMITH SAMANTHA S. sold 2,721 shares worth $208,924. $737,938 worth of shares were sold by Jorgensen Blake J on Monday, May 23. MOORE PETER R. sold $838,089 worth of stock or 10,000 shares. BARKER KENNETH A had sold 15,909 shares worth $1.29M on Friday, August 19. $607,679 worth of Electronic Arts Inc. (NASDAQ:EA) was sold by Soderlund Patrick on Friday, July 1. Wilson Andrew also sold $607,682 worth of Electronic Arts Inc. (NASDAQ:EA) on Friday, July 1. The insider PROBST LAWRENCE F III sold $1.02M.

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 $25.02 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 20.25 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 important recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Fool.com which released: “Electronic Arts Inc. Sales Boosted by Sports, Star Wars Franchises” on November 04, 2016, also Wsj.com published article titled: “Electronic Arts Earnings: What to Watch”, Wsj.com published: “Electronic Arts Says Revenue Up, Raises Outlook” on November 01, 2016. More interesting news about Electronic Arts Inc. (NASDAQ:EA) was released by: Forbes.com and their article: “Electronic Arts Stock Sees Short Interest Decline 10%” with publication date: November 11, 2016.

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