Chartwell Investment Partners LLC acquired a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,266 shares of the game software company’s stock, valued at approximately $2,129,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new stake in shares of Electronic Arts in the fourth quarter valued at $129,000. First Bank & Trust purchased a new stake in shares of Electronic Arts in the fourth quarter valued at $134,000. Bessemer Group Inc. lifted its holdings in shares of Electronic Arts by 144.5% in the third 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 in the last quarter. Exane Derivatives purchased a new stake in shares of Electronic Arts in the fourth quarter valued at $142,000. Finally, Dupont Capital Management Corp purchased a new stake in shares of Electronic Arts in the third quarter valued at $183,000. Institutional investors own 90.95% of the company’s stock.
Electronic Arts Inc. (NASDAQ EA) opened at $126.02 on Tuesday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.24. The company has a market cap of $38,653.86, a price-to-earnings ratio of 36.01, a price-to-earnings-growth ratio of 2.29 and a beta of 0.73. Electronic Arts Inc. has a 1 year low of $85.23 and a 1 year high of $131.01.
Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, January 30th. The game software company reported $2.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.03. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.02 billion. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. equities analysts anticipate that Electronic Arts Inc. will post 3.66 EPS for the current fiscal year.
In other news, CEO Andrew Wilson sold 10,058 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $105.76, for a total value of $1,063,734.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Blake J. Jorgensen sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $100.27, for a total value of $1,002,700.00. Following the completion of the sale, the chief financial officer now directly owns 169,614 shares in the company, valued at $17,007,195.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,158 shares of company stock worth $7,438,029. 2.55% of the stock is currently owned by company insiders.
Several analysts recently issued reports on the company. Goldman Sachs Group lowered Electronic Arts from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Oppenheimer reiterated a “buy” rating on shares of Electronic Arts in a report on Friday, November 17th. Zacks Investment Research lowered Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Vetr lowered Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price objective for the company. in a report on Wednesday, November 29th. Finally, Barclays cut their price objective on Electronic Arts from $129.00 to $127.00 and set an “overweight” rating for the company in a report on Wednesday, November 1st. Seven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $130.34.
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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.
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