November 28, 2016 - By Marguerite Chambers · 0 Comments
Electronic Arts Inc (NASDAQ:EA) institutional sentiment increased to 0.81 in Q2 2016. Its up 0.10, from 0.71 in 2016Q1. The ratio has increased, as 218 investment professionals started new and increased stock positions, while 305 sold and decreased their holdings in Electronic Arts Inc. The investment professionals in our partner’s database now own: 299.80 million shares, down from 306.74 million shares in 2016Q1. Also, the number of investment professionals holding Electronic Arts Inc in their top 10 stock positions increased from 20 to 22 for an increase of 2. Sold All: 60 Reduced: 245 Increased: 155 New Position: 63.
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 $23.81 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 20.14 P/E ratio. The Firm markets and sells its games and services through retail channels and through digital distribution channels.
About 638,428 shares traded hands. Electronic Arts Inc. (NASDAQ:EA) has risen 20.08% since April 25, 2016 and is uptrending. It has outperformed by 14.07% the S&P500.
Analysts await Electronic Arts Inc. (NASDAQ:EA) to report earnings on January, 26. They expect $2.15 earnings per share, up 24.28% or $0.42 from last year’s $1.73 per share. EA’s profit will be $647.23M for 9.19 P/E if the $2.15 EPS becomes a reality. After $0.43 actual earnings per share reported by Electronic Arts Inc. for the previous quarter, Wall Street now forecasts 400.00% EPS growth.
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.”
Technology Crossover Management V Llc holds 100% of its portfolio in Electronic Arts Inc. for 1.21 million shares. Technology Crossover Management Vi L.L.C. owns 1.21 million shares or 100% of their US portfolio. Moreover, Technology Crossover Management Vii Ltd. has 17.36% invested in the company for 4.49 million shares. The Pennsylvania-based Barton Investment Management has invested 7.9% in the stock. Fox Point Capital Management Llc, a New York-based fund reported 37,500 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider purchase, and 39 selling transactions for $33.41 million net activity.
Ratings analysis reveals 76% of Electronic Arts’s analysts are positive. Out of 17 Wall Street analysts rating Electronic Arts, 13 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $67 while the high is $101.25. The stock’s average target of $86.75 is 9.71% above today’s ($79.07) share price. EA was included in 31 notes of analysts from July 28, 2015. BMO Capital Markets initiated Electronic Arts Inc. (NASDAQ:EA) on Wednesday, April 27 with “Market Perform” rating. The company was upgraded on Friday, December 4 by Atlantic Securities. Credit Suisse maintained it with “Outperform” rating and $90 target price in Monday, January 25 report. The rating was maintained by Stifel Nicolaus on Thursday, May 12 with “Buy”. The firm earned “Overweight” rating on Friday, September 23 by Morgan Stanley. Stifel Nicolaus maintained Electronic Arts Inc. (NASDAQ:EA) on Monday, October 26 with “Buy” rating. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Overweight” rating by Piper Jaffray on Monday, August 10. The firm earned “Buy” rating on Friday, January 15 by Bank of America. The firm earned “Buy” rating on Monday, September 12 by Stifel Nicolaus. Oppenheimer maintained it with “Outperform” rating and $94 target price in Friday, October 14 report.
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: Seekingalpha.com which released: “Electronic Arts Fell Short” on November 24, 2016, also Fool.com published article titled: “Electronic Arts Inc. Sales Boosted by Sports, Star Wars Franchises”, Wsj.com published: “Electronic Arts Earnings: What to Watch” on November 01, 2016. More interesting news about Electronic Arts Inc. (NASDAQ:EA) was released by: Wsj.com and their article: “Electronic Arts Says Revenue Up, Raises Outlook” with publication date: November 01, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Marguerite Chambers