AMP Capital Investors Ltd reduced its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,543 shares of the game software company’s stock after selling 1,207 shares during the period. AMP Capital Investors Ltd owned about 0.07% of Electronic Arts worth $21,069,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Dupont Capital Management Corp bought a new position in Electronic Arts during the third quarter valued at about $183,000. Boston Partners boosted its position in shares of Electronic Arts by 1.7% in the 3rd quarter. Boston Partners now owns 664,877 shares of the game software company’s stock valued at $78,496,000 after purchasing an additional 11,004 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Electronic Arts by 1.5% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 32,967 shares of the game software company’s stock valued at $3,892,000 after purchasing an additional 478 shares during the period. Bessemer Group Inc. boosted its position in shares of Electronic Arts by 144.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after purchasing an additional 783 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its position in shares of Electronic Arts by 144.2% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 46,335 shares of the game software company’s stock valued at $5,470,000 after purchasing an additional 27,359 shares during the period. 95.45% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on EA shares. BidaskClub raised Electronic Arts from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Benchmark raised their target price on Electronic Arts from $136.00 to $141.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Morgan Stanley raised their target price on Electronic Arts from $120.00 to $126.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. KeyCorp raised their target price on Electronic Arts from $134.00 to $152.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Finally, Barclays lifted their price objective on Electronic Arts from $127.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $132.81.
NASDAQ:EA traded down $2.52 during trading hours on Monday, reaching $118.72. 2,595,177 shares of the company were exchanged, compared to its average volume of 3,814,750. The company has a market capitalization of $37,187.70, a P/E ratio of 40.11, a P/E/G ratio of 2.21 and a beta of 0.80. Electronic Arts Inc. has a 1-year low of $87.94 and a 1-year high of $131.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.92 and a quick ratio of 1.92.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.03. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.02 billion. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%. sell-side analysts anticipate that Electronic Arts Inc. will post 3.66 EPS for the current fiscal year.
In other news, CFO Blake J. Jorgensen sold 10,500 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $112.85, for a total value of $1,184,925.00. Following the completion of the transaction, the chief financial officer now directly owns 159,114 shares in the company, valued at approximately $17,956,014.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Chris Bruzzo sold 1,500 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $108.51, for a total value of $162,765.00. Following the completion of the transaction, the executive vice president now owns 38,362 shares of the company’s stock, valued at $4,162,660.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,079 shares of company stock worth $9,806,818. Company insiders own 2.55% of the company’s stock.
Electronic Arts Profile
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers 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.
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