AMP Capital Investors Ltd decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 6.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 140,824 shares of the game software company’s stock after selling 9,990 shares during the period. AMP Capital Investors Ltd’s holdings in Electronic Arts were worth $16,812,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Sun Life Financial INC grew its holdings in shares of Electronic Arts by 389.4% in the 2nd quarter. Sun Life Financial INC now owns 832 shares of the game software company’s stock valued at $117,000 after buying an additional 662 shares during the period. CI Investments Inc. acquired a new position in Electronic Arts in the 3rd quarter worth $120,000. Massey Quick Simon & CO. LLC boosted its stake in Electronic Arts by 165.4% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 1,083 shares of the game software company’s stock worth $130,000 after purchasing an additional 675 shares during the period. Stratos Wealth Partners LTD. acquired a new position in Electronic Arts in the 3rd quarter worth $134,000. Finally, Bray Capital Advisors acquired a new position in Electronic Arts in the 3rd quarter worth $157,000. 96.40% of the stock is owned by institutional investors.
Shares of NASDAQ:EA opened at $84.07 on Monday. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.19. Electronic Arts Inc. has a one year low of $80.42 and a one year high of $151.26. The stock has a market cap of $25.40 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 1.45 and a beta of 0.96.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, October 30th. The game software company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.37 by $0.46. Electronic Arts had a net margin of 18.76% and a return on equity of 26.01%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the firm posted $0.62 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities analysts forecast that Electronic Arts Inc. will post 3.87 EPS for the current fiscal year.
EA has been the subject of a number of research analyst reports. ValuEngine lowered shares of Electronic Arts from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Zacks Investment Research lowered shares of Electronic Arts from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Credit Suisse Group reduced their target price on shares of Electronic Arts from $155.00 to $146.00 and set an “outperform” rating for the company in a research note on Friday, August 31st. Wedbush set a $158.00 target price on shares of Electronic Arts and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Finally, Barclays reduced their target price on shares of Electronic Arts from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $134.68.
In other news, insider Chris Bruzzo sold 1,500 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $113.10, for a total value of $169,650.00. Following the sale, the insider now directly owns 56,776 shares of the company’s stock, valued at approximately $6,421,365.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Lawrence F. Probst III sold 2,500 shares of the company’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 completion of the sale, the director now directly owns 112,338 shares in the company, valued at $12,507,712.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,750 shares of company stock worth $12,072,643. 2.24% of the stock is owned by insiders.
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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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