Zeke Capital Advisors LLC lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 43.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,015 shares of the game software company’s stock after selling 2,297 shares during the period. Zeke Capital Advisors LLC’s holdings in Electronic Arts were worth $317,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its stake in Electronic Arts by 144.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock worth $157,000 after purchasing an additional 783 shares in the last quarter. New York State Common Retirement Fund raised its position in Electronic Arts by 0.4% in the 3rd quarter. New York State Common Retirement Fund now owns 844,494 shares of the game software company’s stock worth $99,701,000 after buying an additional 3,423 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new position in Electronic Arts in the 3rd quarter worth about $229,000. Cambridge Investment Research Advisors Inc. raised its position in Electronic Arts by 25.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 5,999 shares of the game software company’s stock worth $708,000 after buying an additional 1,206 shares during the last quarter. Finally, Commerce Bank raised its position in Electronic Arts by 13.4% in the 3rd quarter. Commerce Bank now owns 4,111 shares of the game software company’s stock worth $485,000 after buying an additional 485 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.
Electronic Arts Inc. (NASDAQ:EA) traded up $0.87 during mid-day trading on Tuesday, reaching $126.31. The company’s stock had a trading volume of 264,899 shares, compared to its average volume of 3,939,125. Electronic Arts Inc. has a 1-year low of $87.94 and a 1-year high of $131.13. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.24. The company has a market cap of $39,420.68, a P/E ratio of 39.58, a price-to-earnings-growth ratio of 2.34 and a beta of 0.76.
Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.03. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.02 billion. equities analysts predict that Electronic Arts Inc. will post 3.66 EPS for the current fiscal year.
EA has been the subject of several research reports. Goldman Sachs lowered shares of Electronic Arts from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. BMO Capital Markets raised shares of Electronic Arts from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $112.39 to $97.00 in a research report on Monday, January 8th. They noted that the move was a valuation call. Vetr raised shares of Electronic Arts from a “sell” rating to a “hold” rating and set a $124.90 price target for the company in a research report on Thursday, March 1st. ValuEngine lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, Morgan Stanley lowered shares of Electronic Arts from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $112.00 to $126.00 in a research report on Friday, January 12th. Seven research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Electronic Arts has a consensus rating of “Buy” and a consensus price target of $132.81.
In other news, CFO Blake J. Jorgensen sold 10,500 shares of the stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $125.97, for a total transaction of $1,322,685.00. Following the completion of the transaction, the chief financial officer now directly owns 141,514 shares in the company, valued at approximately $17,826,518.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 9,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $108.69, for a total value of $978,210.00. The disclosure for this sale can be found here. Insiders sold a total of 81,079 shares of company stock valued at $9,788,548 over the last 90 days. 2.55% of the stock is currently owned by corporate insiders.
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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