Could Electronic Arts Inc. (EA) Skyrocket Even More? The Stock Just Made All Time High

March 16, 2018 - By Ellis Scott

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.12, from 1.03 in 2017Q2. It is positive, as 35 investors sold Electronic Arts Inc. shares while 217 reduced holdings. 72 funds opened positions while 218 raised stakes. 281.04 million shares or 1.59% less from 285.59 million shares in 2017Q2 were reported.
Mercer Capital Advisers accumulated 100 shares. Symphony Asset Management Llc holds 37,649 shares or 0.49% of its portfolio. Asset Mgmt Inc holds 2,657 shares or 0.05% of its portfolio. Manchester Capital Ltd Co, a Vermont-based fund reported 2,120 shares. Appleton Prtn Inc Ma has invested 0.22% in Electronic Arts Inc. (NASDAQ:EA). Sg Americas Securities Limited Liability Company holds 0.04% or 41,444 shares in its portfolio. Parkside Bancorp holds 0.02% in Electronic Arts Inc. (NASDAQ:EA) or 412 shares. State Of New Jersey Common Pension Fund D stated it has 133,099 shares. Franklin reported 1.16 million shares or 0.07% of all its holdings. Winslow Mgmt Limited Liability Corp accumulated 1.60M shares or 1.02% of the stock. Wolverine Asset Lc holds 10,754 shares. Crosslink holds 3.32% or 165,470 shares in its portfolio. Mark Sheptoff Fin Planning Limited Liability Company invested 0.01% in Electronic Arts Inc. (NASDAQ:EA). Fiera holds 16,439 shares. Weatherly Asset Mngmt Ltd Partnership invested 0.16% of its portfolio in Electronic Arts Inc. (NASDAQ:EA).

Since September 20, 2017, it had 0 insider buys, and 31 insider sales for $15.57 million activity. On Thursday, February 1 the insider Miele Laura sold $95,987. Wilson Andrew sold $1.11M worth of Electronic Arts Inc. (NASDAQ:EA) on Thursday, March 1. Soderlund Patrick had sold 5,000 shares worth $614,841 on Thursday, March 1. $116,320 worth of Electronic Arts Inc. (NASDAQ:EA) was sold by Schatz Jacob J.. The insider Warren Denise sold 1,000 shares worth $125,584. 6,221 shares valued at $793,015 were sold by HOAG JAY C on Thursday, February 22.

The stock of Electronic Arts Inc. (NASDAQ:EA) reached all time high today, Mar, 16 and still has $132.78 target or 3.00 % above today’s $128.91 share price. This indicates more upside for the $39.54B company. This technical setup was reported by If the $132.78 PT is reached, the company will be worth $1.19B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 0.16% or $0.21 during the last trading session, reaching $128.91. About 2.65 million shares traded. Electronic Arts Inc. (NASDAQ:EA) has risen 46.45% since March 16, 2017 and is uptrending. It has outperformed by 29.75% the S&P500.

Analysts await Electronic Arts Inc. (NASDAQ:EA) to report earnings on May, 8. They expect $0.99 earnings per share, up 70.69 % or $0.41 from last year’s $0.58 per share. EA’s profit will be $303.66M for 32.55 P/E if the $0.99 EPS becomes a reality. After $2.06 actual earnings per share reported by Electronic Arts Inc. for the previous quarter, Wall Street now forecasts -51.94 % negative EPS growth.

Electronic Arts Inc. (NASDAQ:EA) Ratings Coverage

Among 27 analysts covering Electronic Arts (NASDAQ:EA), 24 have Buy rating, 0 Sell and 3 Hold. Therefore 89% are positive. Electronic Arts had 92 analyst reports since July 28, 2015 according to SRatingsIntel. On Wednesday, October 18 the stock rating was maintained by Morgan Stanley with “Overweight”. Morgan Stanley initiated Electronic Arts Inc. (NASDAQ:EA) on Friday, September 23 with “Overweight” rating. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Buy” rating given on Friday, September 8 by Piper Jaffray. The rating was maintained by Cowen & Co on Friday, July 28 with “Hold”. KeyBanc Capital Markets maintained Electronic Arts Inc. (NASDAQ:EA) rating on Wednesday, January 31. KeyBanc Capital Markets has “Overweight” rating and $152 target. The stock has “Buy” rating by Credit Suisse on Wednesday, January 31. Credit Suisse maintained the stock with “Buy” rating in Friday, May 26 report. Piper Jaffray maintained Electronic Arts Inc. (NASDAQ:EA) rating on Monday, August 10. Piper Jaffray has “Overweight” rating and $85 target. Bank of America upgraded the stock to “Buy” rating in Monday, January 18 report. Jefferies maintained it with “Buy” rating and $135.0 target in Tuesday, October 3 report.

Electronic Arts Inc. develops, markets, publishes, and distributes games, content, and services for game consoles, personal computers, mobile phones, and tablets worldwide. The company has market cap of $39.54 billion. It develops and publishes games primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v. It has a 40.21 P/E ratio. Zombies brands; and license games from others, such as FIFA, Madden NFL, and Star Wars, as well as publishes and distributes games developed by third parties.

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.