Caxton Associates LP decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 96.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,551 shares of the game software company’s stock after selling 180,949 shares during the quarter. Caxton Associates LP’s holdings in Electronic Arts were worth $517,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Penserra Capital Management LLC bought a new stake in Electronic Arts during the 4th quarter worth about $28,000. Baystate Wealth Management LLC grew its holdings in Electronic Arts by 373.1% during the 4th quarter. Baystate Wealth Management LLC now owns 317 shares of the game software company’s stock worth $29,000 after acquiring an additional 250 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Electronic Arts by 7,694.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,624,704 shares of the game software company’s stock worth $33,000 after acquiring an additional 2,591,032 shares during the last quarter. Bremer Trust National Association bought a new stake in Electronic Arts during the 4th quarter worth about $35,000. Finally, Whittier Trust Co. grew its holdings in Electronic Arts by 37.0% during the 4th quarter. Whittier Trust Co. now owns 529 shares of the game software company’s stock worth $42,000 after acquiring an additional 143 shares during the last quarter. 91.85% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Andrew Wilson sold 9,000 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $79.57, for a total transaction of $716,130.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris Bruzzo sold 12,000 shares of the stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $102.11, for a total value of $1,225,320.00. Following the sale, the insider now directly owns 41,076 shares of the company’s stock, valued at $4,194,270.36. The disclosure for this sale can be found here. Insiders sold a total of 59,750 shares of company stock worth $5,685,520 over the last quarter. 2.24% of the stock is currently owned by corporate insiders.
Shares of NASDAQ:EA opened at $98.98 on Friday. The company has a market capitalization of $30.00 billion, a P/E ratio of 28.77, a PEG ratio of 1.90 and a beta of 1.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.99 and a current ratio of 2.99. Electronic Arts Inc. has a fifty-two week low of $73.91 and a fifty-two week high of $151.26.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, February 5th. The game software company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.75 billion. Electronic Arts had a net margin of 26.77% and a return on equity of 23.21%. Electronic Arts’s revenue for the quarter was down 18.4% on a year-over-year basis. During the same period last year, the company posted ($0.60) EPS. On average, analysts forecast that Electronic Arts Inc. will post 3.14 EPS for the current fiscal year.
A number of equities research analysts have commented on the stock. SunTrust Banks set a $105.00 price objective on shares of Electronic Arts and gave the stock a “buy” rating in a report on Tuesday, January 8th. Piper Jaffray Companies cut their target price on shares of Electronic Arts from $148.00 to $105.00 and set an “overweight” rating on the stock in a research report on Monday, December 10th. Zacks Investment Research downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Benchmark cut their target price on shares of Electronic Arts from $153.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, February 6th. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating in a research report on Thursday, February 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Electronic Arts currently has an average rating of “Buy” and a consensus target price of $114.04.
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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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