Wealth Enhancement Advisory Services LLC Purchases Shares of 11,586 Electronic Arts Inc. (EA)

Wealth Enhancement Advisory Services LLC purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,586 shares of the game software company’s stock, valued at approximately $1,391,000.

Several other institutional investors have also made changes to their positions in the company. Invictus RG lifted its stake in Electronic Arts by 722.0% during the 1st quarter. Invictus RG now owns 1,307 shares of the game software company’s stock worth $117,000 after acquiring an additional 1,148 shares in the last quarter. D. Scott Neal Inc. acquired a new position in Electronic Arts during the 2nd quarter worth about $120,000. Tower Research Capital LLC TRC lifted its stake in Electronic Arts by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock worth $149,000 after acquiring an additional 1,063 shares in the last quarter. Captrust Financial Advisors acquired a new position in Electronic Arts during the 2nd quarter worth about $195,000. Finally, Two Sigma Securities LLC acquired a new position in Electronic Arts during the 1st quarter worth about $205,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Wealth Enhancement Advisory Services LLC Purchases Shares of 11,586 Electronic Arts Inc. (EA)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/20/wealth-enhancement-advisory-services-llc-purchases-shares-of-11586-electronic-arts-inc-ea.html.

In other Electronic Arts news, CEO Andrew Wilson sold 10,058 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $117.00, for a total value of $1,176,786.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Blake J. Jorgensen sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $118.43, for a total value of $1,184,300.00. The disclosure for this sale can be found here. Insiders sold a total of 197,096 shares of company stock valued at $23,460,336 over the last three months. Corporate insiders own 2.55% of the company’s stock.

EA has been the topic of several recent research reports. Vetr upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating and set a $125.00 price target on the stock in a report on Tuesday, July 4th. BidaskClub downgraded Electronic Arts from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Goldman Sachs Group, Inc. (The) initiated coverage on Electronic Arts in a report on Friday, September 8th. They set a “buy” rating and a $136.00 price target on the stock. Cowen and Company restated a “hold” rating and set a $106.00 price target on shares of Electronic Arts in a report on Friday, September 8th. Finally, Stifel Nicolaus restated a “buy” rating and set a $127.00 price target on shares of Electronic Arts in a report on Friday, October 6th. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $121.31.

Electronic Arts Inc. (EA) traded up 0.226% during mid-day trading on Friday, reaching $113.325. The company’s stock had a trading volume of 1,357,681 shares. The firm has a 50-day moving average of $118.02 and a 200-day moving average of $110.20. Electronic Arts Inc. has a 52 week low of $73.74 and a 52 week high of $122.79. The stock has a market capitalization of $34.99 billion, a price-to-earnings ratio of 30.341 and a beta of 0.69.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Thursday, July 27th. The game software company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.22. Electronic Arts had a return on equity of 29.77% and a net margin of 23.31%. The business had revenue of $775.00 million during the quarter, compared to analyst estimates of $768.47 million. During the same period in the prior year, the company posted $0.07 EPS. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities research analysts expect that Electronic Arts Inc. will post $4.25 earnings per share

Several other institutional investors have also made changes to their positions in the company. Invictus RG lifted its stake in Electronic Arts by 722.0% during the 1st quarter. Invictus RG now owns 1,307 shares of the game software company’s stock worth $117,000 after acquiring an additional 1,148 shares in the last quarter. D. Scott Neal Inc. acquired a new position in Electronic Arts during the 2nd quarter worth about $120,000. Tower Research Capital LLC TRC lifted its stake in Electronic Arts by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock worth $149,000 after acquiring an additional 1,063 shares in the last quarter. Captrust Financial Advisors acquired a new position in Electronic Arts during the 2nd quarter worth about $195,000. Finally, Two Sigma Securities LLC acquired a new position in Electronic Arts during the 1st quarter worth about $205,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Wealth Enhancement Advisory Services LLC Purchases Shares of 11,586 Electronic Arts Inc. (EA)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/20/wealth-enhancement-advisory-services-llc-purchases-shares-of-11586-electronic-arts-inc-ea.html.

In other Electronic Arts news, CEO Andrew Wilson sold 10,058 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $117.00, for a total value of $1,176,786.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Blake J. Jorgensen sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $118.43, for a total value of $1,184,300.00. The disclosure for this sale can be found here. Insiders sold a total of 197,096 shares of company stock valued at $23,460,336 over the last three months. Corporate insiders own 2.55% of the company’s stock.

EA has been the topic of several recent research reports. Vetr upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating and set a $125.00 price target on the stock in a report on Tuesday, July 4th. BidaskClub downgraded Electronic Arts from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Goldman Sachs Group, Inc. (The) initiated coverage on Electronic Arts in a report on Friday, September 8th. They set a “buy” rating and a $136.00 price target on the stock. Cowen and Company restated a “hold” rating and set a $106.00 price target on shares of Electronic Arts in a report on Friday, September 8th. Finally, Stifel Nicolaus restated a “buy” rating and set a $127.00 price target on shares of Electronic Arts in a report on Friday, October 6th. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $121.31.

Electronic Arts Inc. (EA) traded up 0.226% during mid-day trading on Friday, reaching $113.325. The company’s stock had a trading volume of 1,357,681 shares. The firm has a 50-day moving average of $118.02 and a 200-day moving average of $110.20. Electronic Arts Inc. has a 52 week low of $73.74 and a 52 week high of $122.79. The stock has a market capitalization of $34.99 billion, a price-to-earnings ratio of 30.341 and a beta of 0.69.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Thursday, July 27th. The game software company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.22. Electronic Arts had a return on equity of 29.77% and a net margin of 23.31%. The business had revenue of $775.00 million during the quarter, compared to analyst estimates of $768.47 million. During the same period in the prior year, the company posted $0.07 EPS. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities research analysts expect that Electronic Arts Inc. will post $4.25 earnings per share for the current year.

About Electronic Arts

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.

Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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