KAMES CAPITAL plc lessened its stake in Electronic Arts Inc. (NASDAQ:EA) by 46.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,691 shares of the game software company’s stock after selling 12,864 shares during the quarter. KAMES CAPITAL plc’s holdings in Electronic Arts were worth $1,770,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kaizen Advisory LLC increased its holdings in Electronic Arts by 159.5% in the second quarter. Kaizen Advisory LLC now owns 763 shares of the game software company’s stock valued at $108,000 after purchasing an additional 469 shares during the last quarter. Alpha Windward LLC bought a new stake in shares of Electronic Arts in the second quarter worth about $113,000. Private Capital Group LLC increased its holdings in shares of Electronic Arts by 781.5% in the first quarter. Private Capital Group LLC now owns 952 shares of the game software company’s stock worth $115,000 after acquiring an additional 844 shares in the last quarter. Sun Life Financial INC increased its holdings in shares of Electronic Arts by 389.4% in the second quarter. Sun Life Financial INC now owns 832 shares of the game software company’s stock worth $117,000 after acquiring an additional 662 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in shares of Electronic Arts by 13,456.4% in the first quarter. Summit Trail Advisors LLC now owns 176,640 shares of the game software company’s stock worth $177,000 after acquiring an additional 175,337 shares in the last quarter. Institutional investors and hedge funds own 92.93% of the company’s stock.
In related news, Director Lawrence F. Probst III sold 2,500 shares of the stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $111.34, for a total transaction of $278,350.00. Following the completion of the transaction, the director now directly owns 112,338 shares of the company’s stock, valued at $12,507,712.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Friday, July 20th. The shares were sold at an average price of $148.19, for a total value of $148,190.00. Following the transaction, the general counsel now directly owns 19,930 shares of the company’s stock, valued at $2,953,426.70. The disclosure for this sale can be found here. Insiders have sold 128,750 shares of company stock valued at $15,429,740 over the last three months. Insiders own 2.24% of the company’s stock.
EA stock opened at $106.10 on Friday. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.19. The stock has a market cap of $36.73 billion, a PE ratio of 30.84, a PEG ratio of 2.07 and a beta of 0.58. Electronic Arts Inc. has a fifty-two week low of $99.63 and a fifty-two week high of $151.26.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Thursday, July 26th. The game software company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.12) by $0.19. Electronic Arts had a return on equity of 25.31% and a net margin of 14.30%. The firm had revenue of $749.00 million during the quarter, compared to analysts’ expectations of $742.86 million. During the same period in the prior year, the firm posted $2.06 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Electronic Arts Inc. will post 3.89 EPS for the current fiscal year.
Several equities research analysts have issued reports on the company. Wedbush restated an “outperform” rating and issued a $158.00 price target on shares of Electronic Arts in a report on Tuesday, July 31st. ValuEngine downgraded Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Stifel Nicolaus increased their price target on Electronic Arts from $157.00 to $159.00 and gave the stock a “$146.56” rating in a report on Monday, July 23rd. SunTrust Banks lowered their price target on Electronic Arts to $140.00 and set a “buy” rating for the company in a report on Friday, August 31st. Finally, Benchmark restated a “buy” rating and issued a $164.00 price target on shares of Electronic Arts in a report on Monday, June 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $142.38.
About Electronic Arts
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.
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