Private Harbour Investment Management & Counsel LLC Sells 1,210 Shares of Electronic Arts Inc. (EA)

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Private Harbour Investment Management & Counsel LLC decreased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 8.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,712 shares of the game software company’s stock after selling 1,210 shares during the quarter. Private Harbour Investment Management & Counsel LLC’s holdings in Electronic Arts were worth $1,292,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of EA. Bronfman E.L. Rothschild L.P. grew its position in Electronic Arts by 4.8% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,715 shares of the game software company’s stock worth $214,000 after purchasing an additional 124 shares in the last quarter. Dock Street Asset Management Inc. grew its holdings in shares of Electronic Arts by 0.7% during the 4th quarter. Dock Street Asset Management Inc. now owns 21,449 shares of the game software company’s stock valued at $1,693,000 after acquiring an additional 140 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Electronic Arts by 37.0% during the 4th quarter. Whittier Trust Co. now owns 529 shares of the game software company’s stock valued at $42,000 after acquiring an additional 143 shares in the last quarter. Foundry Partners LLC grew its holdings in shares of Electronic Arts by 2.6% during the 1st quarter. Foundry Partners LLC now owns 5,748 shares of the game software company’s stock valued at $584,000 after acquiring an additional 143 shares in the last quarter. Finally, CMH Wealth Management LLC grew its holdings in shares of Electronic Arts by 0.8% during the 1st quarter. CMH Wealth Management LLC now owns 20,345 shares of the game software company’s stock valued at $2,068,000 after acquiring an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 92.60% of the company’s stock.

In other news, insider Chris Bruzzo sold 3,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $103.00, for a total transaction of $309,000.00. Following the transaction, the insider now owns 35,271 shares in the company, valued at approximately $3,632,913. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Laura Miele sold 1,250 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $96.56, for a total transaction of $120,700.00. Following the transaction, the insider now owns 5,758 shares in the company, valued at approximately $555,992.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,900 shares of company stock valued at $7,451,948. Company insiders own 2.24% of the company’s stock.

Electronic Arts stock opened at $97.70 on Friday. The firm has a market cap of $28.99 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 1.55 and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick 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 released its earnings results on Tuesday, May 7th. The game software company reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.43. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.20 billion. Electronic Arts had a net margin of 20.59% and a return on equity of 22.62%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.31 EPS. Equities analysts forecast that Electronic Arts Inc. will post 3.79 earnings per share for the current fiscal year.

EA has been the topic of several research analyst reports. Zacks Investment Research cut shares of Electronic Arts from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Benchmark lowered their price target on shares of Electronic Arts from $153.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, February 6th. They noted that the move was a valuation call. Bank of America upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and boosted their price target for the company from $95.00 to $110.00 in a report on Monday, February 11th. Robert W. Baird boosted their price target on shares of Electronic Arts to $106.00 and gave the company an “outperform” rating in a report on Tuesday, February 12th. Finally, BMO Capital Markets boosted their price target on shares of Electronic Arts from $96.00 to $116.00 and gave the company an “outperform” rating in a report on Wednesday, February 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $111.32.

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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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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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