Deutsche Bank AG decreased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 52.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 562,874 shares of the game software company’s stock after selling 625,500 shares during the period. Deutsche Bank AG owned about 0.18% of Electronic Arts worth $59,131,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Franklin Resources Inc. grew its holdings in shares of Electronic Arts by 8.7% in the fourth quarter. Franklin Resources Inc. now owns 1,261,636 shares of the game software company’s stock worth $132,551,000 after acquiring an additional 101,110 shares during the period. Advisor Group Inc. grew its holdings in shares of Electronic Arts by 15.1% in the fourth quarter. Advisor Group Inc. now owns 8,015 shares of the game software company’s stock worth $843,000 after acquiring an additional 1,049 shares during the period. Swedbank grew its holdings in shares of Electronic Arts by 5.2% in the fourth quarter. Swedbank now owns 1,944,460 shares of the game software company’s stock worth $204,285,000 after acquiring an additional 95,886 shares during the period. Gardner Lewis Asset Management L P grew its holdings in shares of Electronic Arts by 22.7% in the fourth quarter. Gardner Lewis Asset Management L P now owns 44,859 shares of the game software company’s stock worth $4,713,000 after acquiring an additional 8,295 shares during the period. Finally, Quantitative Investment Management LLC bought a new stake in shares of Electronic Arts in the fourth quarter worth $5,168,000. 95.45% of the stock is owned by institutional investors and hedge funds.
In other news, SVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $107.50, for a total value of $107,500.00. Following the transaction, the senior vice president now directly owns 18,950 shares in the company, valued at $2,037,125. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 9,000 shares of the business’s stock in a transaction dated 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 81,279 shares of company stock worth $9,809,588 over the last 90 days. Company insiders own 2.55% of the company’s stock.
Electronic Arts Inc. (NASDAQ:EA) opened at $126.57 on Wednesday. Electronic Arts Inc. has a 52-week low of $87.90 and a 52-week high of $131.01. The company has a market capitalization of $39,297.99, a PE ratio of 36.61, a PEG ratio of 2.33 and a beta of 0.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.92 and a quick ratio of 1.92.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, January 30th. The game software company reported $2.06 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.02 billion. sell-side analysts predict that Electronic Arts Inc. will post 3.66 EPS for the current fiscal 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.
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