Acadian Asset Management LLC lessened its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 53.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 437,871 shares of the game software company’s stock after selling 501,177 shares during the period. Acadian Asset Management LLC owned approximately 0.14% of Electronic Arts worth $46,001,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in Electronic Arts by 928.4% in the second quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock valued at $273,399,000 after buying an additional 2,334,600 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Electronic Arts in the third quarter worth about $148,789,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Electronic Arts by 145.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,208,784 shares of the game software company’s stock worth $127,793,000 after purchasing an additional 715,862 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Electronic Arts by 65.0% during the second quarter. Janus Henderson Group PLC now owns 1,425,278 shares of the game software company’s stock worth $150,688,000 after acquiring an additional 561,322 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings in Electronic Arts by 49.6% during the third quarter. Point72 Asset Management L.P. now owns 1,570,034 shares of the game software company’s stock worth $185,358,000 after acquiring an additional 520,560 shares during the period. Institutional investors own 92.63% of the company’s stock.
Several research firms recently commented on EA. Needham & Company LLC raised their target price on Electronic Arts from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Buckingham Research raised their target price on Electronic Arts from $143.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. BMO Capital Markets raised their target price on Electronic Arts to $150.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Morgan Stanley raised their price objective on Electronic Arts from $120.00 to $126.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $145.00 price objective on shares of Electronic Arts in a report on Wednesday, January 31st. Seven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $130.34.
In other Electronic Arts news, SVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $108.28, for a total value of $108,280.00. Following the transaction, the senior vice president now directly owns 19,950 shares of the company’s stock, valued at $2,160,186. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Blake J. Jorgensen sold 10,500 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were 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 $17,956,014.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,158 shares of company stock worth $7,546,309. Corporate insiders own 2.55% of the company’s stock.
Shares of Electronic Arts Inc. (NASDAQ:EA) traded up $4.10 during trading hours on Friday, reaching $120.64. The company’s stock had a trading volume of 5,659,530 shares, compared to its average volume of 4,997,839. The firm has a market cap of $37,003.66, a PE ratio of 37.70, a PEG ratio of 2.19 and a beta of 0.73. The company has a current ratio of 1.92, a quick ratio of 2.38 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 52-week low of $81.49 and a 52-week high of $131.01.
Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, January 30th. The game software company reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.03. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.02 billion. equities analysts anticipate that Electronic Arts Inc. will post 3.66 EPS for the current year.
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Electronic Arts Company 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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