Follow The Short Interest: How Analysts Feel About Electronic Arts Incorporated (NASDAQ:EA) After Decrease in Sellers?

December 1, 2016 - By Clifton Ray   ·   0 Comments

Follow The Short Interest: How Analysts Feel About Electronic Arts Incorporated (NASDAQ:EA) After Decrease in Sellers?

The stock of Electronic Arts Incorporated (NASDAQ:EA) registered a decrease of 10.05% in short interest. EA’s total short interest was 17.80M shares in December as published by FINRA. Its down 10.05% from 19.79 million shares, reported previously. With 3.18M shares average volume, it will take short sellers 6 days to cover their EA’s short positions. The short interest to Electronic Arts Incorporated’s float is 5.96%. About 3.54M shares traded hands. Electronic Arts Inc. (NASDAQ:EA) has risen 27.15% since April 28, 2016 and is uptrending. It has outperformed by 21.22% the S&P500.

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 $22.14 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 19.19 P/E ratio. The Firm markets and sells its games and services through retail channels and through digital distribution channels.

Insitutional Activity: The institutional sentiment increased to 0.81 in 2016 Q2. Its up 0.10, from 0.71 in 2016Q1. The ratio improved, 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.
Andra Ap holds 0.05% or 25,300 shares in its portfolio. The Texas-based Twin Tree Management Lp has invested 0.01% in Electronic Arts Inc. (NASDAQ:EA). Lombard Odier Asset (Europe) Ltd has 3,750 shares for 0.01% of their US portfolio. Keybank Association Oh owns 16,174 shares or 0.01% of their US portfolio. Blackrock Group Inc Limited has invested 0.12% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Meiji Yasuda Asset Mngmt Communications Ltd accumulated 0.08% or 7,036 shares. Leuthold Grp Inc Lc last reported 146,848 shares in the company. Clifford Swan Investment Counsel Ltd Liability Co accumulated 0.02% or 3,130 shares. Creative Planning accumulated 10,693 shares or 0.01% of the stock. Transamerica Fin Advsrs Inc last reported 0% of its portfolio in the stock. Mizuho Asset Management Coltd accumulated 21,498 shares or 0.29% of the stock. Moreover, Natixis has 0.27% invested in Electronic Arts Inc. (NASDAQ:EA) for 190,875 shares. Ledyard Commercial Bank accumulated 0% or 100 shares. Concert Wealth Management has invested 0.06% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Tocqueville Asset L P last reported 3,128 shares in the company.

Insider Transactions: Since June 8, 2016, the stock had 1 buying transaction, and 39 sales for $33.41 million net activity. $4.25M worth of Electronic Arts Inc. (NASDAQ:EA) was sold by Wilson Andrew on Tuesday, September 27. Soderlund Patrick had sold 8,000 shares worth $607,679. SMITH SAMANTHA S. also sold $208,924 worth of Electronic Arts Inc. (NASDAQ:EA) shares. LINZNER JOEL sold $1.85 million worth of stock or 23,257 shares. COLEMAN LEONARD S JR sold $650,732 worth of stock or 8,400 shares. $1.18 million worth of Electronic Arts Inc. (NASDAQ:EA) shares were sold by TOLEDANO GABRIELLE B. Shares for $2.50M were sold by MOORE PETER R. on Thursday, November 3.

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. Hilliard Lyons upgraded the shares of EA in a report on Tuesday, February 9 to “Buy” rating. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, May 12. M Partners upgraded Electronic Arts Inc. (NASDAQ:EA) on Wednesday, October 14 to “Buy” rating. The company was initiated on Thursday, November 12 by Oppenheimer. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Neutral” rating given on Wednesday, November 2 by Mizuho. Hilliard Lyons downgraded the stock to “Long-Term Buy” rating in Wednesday, March 30 report. The firm has “Buy” rating given on Friday, October 30 by Mizuho. On Wednesday, October 26 the stock rating was maintained by Wedbush with “Neutral”. The firm has “Market Perform” rating by BMO Capital Markets given on Wednesday, April 27. Benchmark maintained Electronic Arts Inc. (NASDAQ:EA) rating on Wednesday, November 2. Benchmark has “Buy” rating and $101.25 price target.

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 recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Forbes.com which released: “Short Interest In Electronic Arts Falls 10%” on November 28, 2016. Also Fool.com published the news titled: “Electronic Arts Inc. Sales Boosted by Sports, Star Wars Franchises” on November 04, 2016. Seekingalpha.com‘s news article titled: “Electronic Arts Fell Short” with publication date: November 24, 2016 was also an interesting one.

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By Clifton Ray

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