[Insider Monkey] Electronic Arts Inc (NASDAQ:EA)(TREND ANALYSIS) The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors endured a torrid quarter, which certainly propelled them to adjust their equity holdings so as to maintain the desired risk profile. As a result, the relevancy of these public filings and their content is indisputable, as they may reveal numerous high-potential stocks. The following article will discuss the smart money sentiment towards Electronic Arts Inc. (NASDAQ:EA).
Is Electronic Arts Inc. (NASDAQ:EA) a healthy stock for your portfolio? Investors who are in the know are taking an optimistic view. The number of long hedge fund bets inched up by 4 recently. At the end of this article, we will also compare Electronic Arts Inc. (NASDAQ:EA) to other stocks, including Corning Incorporated (NYSE:GLW), Energy Transfer Partners LP (NYSE:ETP), and Nomura Holdings, Inc. (ADR) (NYSE:NMR) to get a better sense of its popularity.
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Electronic Arts Inc (NASDAQ:EA) stock is currently trading 10.45% below its 52-week-high, 60.04% above its 52-week-low. The 1-year stock price history is in the range of $43.04 – $76.92. Electronic Arts Inc (EA) has a price to earnings ratio of 27.25 versus Technology sector average of 21.06. EA stock price has outperformed the Nasdaq by 35.5%. The Entertainment Software company is currently valued at $21.41 billion and its share price closed the last trading session at $68.88. The stock has a 50-day moving average of $71.36 and a 200-day moving average of $68.67.
Electronic Arts Inc (EA) current short interest stands at 17.28 million shares. It has decreased by 1% from the same period of last month. Around 6% of the company’s shares, which are float, are short sold. With a 10-days average volume of 4.87 million shares, the number of days required to cover the short positions stand at 3.6 days.
EA reported last quarter earnings on October 29. The Entertainment Software company announced earnings per share of $0.52 against a consensus Street estimate of $0.33, beating the average estimate by $0.19. This corresponds to an increase of $0.46 compared to the same quarter of the previous fiscal year.
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There are currently twenty-two analysts that cover Electronic Arts Inc stock. Of those twenty-two, fifteen have a Buy rating, seven have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $82.96.
A recent analyst activity consisted of Oppenheimer who initiated their coverage on the stock with Outperform rating on November 12. On the date of report, the stock closed at $71.66.
Macquarie reiterated their Outperform stance on October 30, and increased their price target on EA stock from $82 to $83. This corresponds to a 20.5% upside from the last closing price. On the date of report, the stock closed at $72.07.
Another research firm was Piper Jaffray who reiterated their Overweight stance on October 30. Piper Jaffray increased their price target on Electronic Arts Inc from $86 to $87. This translates to a 26.31% upside from the last closing price. On the date of report, the stock closed at $72.07.
Company snapshot
Electronic Arts Inc. develops, publishes, and distributes branded interactive entertainment software worldwide for video game consoles, personal computers, handheld game players, and cellular handsets. The Company also provides online game-related services.
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