Los Angeles Capital Management & Equity Research Inc. lowered its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 52.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 174,733 shares of the game software company’s stock after selling 196,285 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.06% of Electronic Arts worth $21,054,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. Xact Kapitalforvaltning AB raised its stake in Electronic Arts by 0.7% during the second quarter. Xact Kapitalforvaltning AB now owns 56,992 shares of the game software company’s stock worth $8,037,000 after buying an additional 371 shares during the last quarter. Motley Fool Asset Management LLC raised its stake in Electronic Arts by 13.8% during the second quarter. Motley Fool Asset Management LLC now owns 3,286 shares of the game software company’s stock worth $463,000 after buying an additional 399 shares during the last quarter. Braun Stacey Associates Inc. raised its stake in Electronic Arts by 0.4% during the second quarter. Braun Stacey Associates Inc. now owns 102,837 shares of the game software company’s stock worth $14,502,000 after buying an additional 460 shares during the last quarter. Kaizen Advisory LLC raised its stake in Electronic Arts by 159.5% during the second quarter. Kaizen Advisory LLC now owns 763 shares of the game software company’s stock worth $108,000 after buying an additional 469 shares during the last quarter. Finally, World Asset Management Inc raised its stake in Electronic Arts by 2.3% during the second quarter. World Asset Management Inc now owns 21,069 shares of the game software company’s stock worth $2,971,000 after buying an additional 470 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Lawrence F. Probst III sold 2,500 shares of the business’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $111.34, for a total transaction of $278,350.00. Following the transaction, the director now directly owns 112,338 shares in the company, valued at $12,507,712.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 29,000 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $113.13, for a total transaction of $3,280,770.00. Following the transaction, the chief executive officer now owns 20,000 shares in the company, valued at $2,262,600. The disclosure for this sale can be found here. Insiders have sold 109,750 shares of company stock valued at $12,200,643 over the last quarter. Corporate insiders own 2.24% of the company’s stock.
A number of equities research analysts have commented on EA shares. 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 cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. SunTrust Banks reduced their price target on shares of Electronic Arts to $140.00 and set a “buy” rating for the company in a report on Friday, August 31st. Stifel Nicolaus raised their price target on shares of Electronic Arts from $157.00 to $159.00 and gave the stock a “$146.56” rating in a report on Monday, July 23rd. Finally, BidaskClub cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. Electronic Arts presently has an average rating of “Buy” and an average price target of $134.68.
Shares of NASDAQ EA opened at $88.89 on Friday. The stock has a market cap of $28.34 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 1.61 and a beta of 0.96. Electronic Arts Inc. has a 1 year low of $88.22 and a 1 year high of $151.26. The company has a quick ratio of 3.84, a current ratio of 3.52 and a debt-to-equity ratio of 0.19.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, October 30th. The game software company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.46. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Electronic Arts had a net margin of 18.76% and a return on equity of 26.01%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the company earned $0.62 earnings per share. As a group, research analysts anticipate that Electronic Arts Inc. will post 3.87 EPS for the current fiscal year.
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Electronic Arts Company Profile
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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