Livforsakringsbolaget Skandia Omsesidigt lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,779 shares of the game software company’s stock after selling 1,700 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Electronic Arts were worth $1,448,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. King Luther Capital Management Corp bought a new stake in shares of Electronic Arts during the 2nd quarter valued at $224,000. Thrivent Financial For Lutherans boosted its stake in Electronic Arts by 3.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 11,690 shares of the game software company’s stock worth $1,236,000 after purchasing an additional 390 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in Electronic Arts by 5.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 37,852 shares of the game software company’s stock worth $4,002,000 after purchasing an additional 1,863 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in Electronic Arts by 34.9% in the 2nd quarter. Rafferty Asset Management LLC now owns 17,311 shares of the game software company’s stock worth $1,830,000 after purchasing an additional 4,477 shares in the last quarter. Finally, Pinebridge Investments L.P. bought a new position in Electronic Arts in the 2nd quarter worth about $302,000. Institutional investors and hedge funds own 92.63% of the company’s stock.
Shares of Electronic Arts Inc. (NASDAQ EA) traded up $4.10 during trading hours on Friday, hitting $120.64. The company had a trading volume of 5,659,530 shares, compared to its average volume of 4,700,000. The company has a market cap of $37,240.00, a P/E ratio of 37.94, 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 $84.13 and a 52 week high of $131.01.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, January 30th. The game software company reported $2.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.03. The company had revenue of $1.97 billion during 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%. research analysts predict that Electronic Arts Inc. will post 3.66 EPS for the current year.
A number of equities analysts recently issued reports on EA shares. Morgan Stanley reiterated an “overweight” rating and issued a $126.00 price target (down previously from $128.00) on shares of Electronic Arts in a research note on Wednesday, October 18th. BidaskClub lowered Electronic Arts from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. Wedbush set a $136.00 target price on Electronic Arts and gave the stock a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research lowered Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $130.00 target price on shares of Electronic Arts in a research report on Wednesday, November 1st. Seven equities research analysts have rated the stock with a hold rating and twenty-four have assigned 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, CEO Andrew Wilson sold 10,058 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $105.76, for a total value of $1,063,734.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Vijayanthimala Singh sold 200 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $126.75, for a total value of $25,350.00. Following the completion of the transaction, the senior vice president now owns 4,528 shares of the company’s stock, valued at $573,924. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,158 shares of company stock valued at $7,546,309. 2.55% of the stock is currently owned by corporate insiders.
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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