Wealthfront Advisers LLC decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,503 shares of the game software company’s stock after selling 137 shares during the period. Wealthfront Advisers LLC’s holdings in Electronic Arts were worth $559,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. BB&T Securities LLC boosted its position in shares of Electronic Arts by 14.3% in the fourth quarter. BB&T Securities LLC now owns 10,717 shares of the game software company’s stock worth $845,000 after acquiring an additional 1,337 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Electronic Arts by 35.7% in the fourth quarter. Parallel Advisors LLC now owns 1,114 shares of the game software company’s stock worth $87,000 after acquiring an additional 293 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Electronic Arts by 7,694.9% in the fourth 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. WINTON GROUP Ltd boosted its position in shares of Electronic Arts by 21.6% in the fourth quarter. WINTON GROUP Ltd now owns 131,093 shares of the game software company’s stock worth $10,345,000 after acquiring an additional 23,243 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new position in Electronic Arts during the fourth quarter valued at approximately $2,362,000. Institutional investors own 93.61% of the company’s stock.
EA opened at $92.73 on Friday. The company has a market cap of $27.57 billion, a PE ratio of 23.60, a PEG ratio of 1.49 and a beta of 1.03. Electronic Arts Inc. has a 52-week low of $73.91 and a 52-week high of $151.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.82 and a current ratio of 2.82.
Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, May 7th. The game software company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.43. The company had revenue of $1.36 billion for 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 quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 earnings per share. Equities research analysts predict that Electronic Arts Inc. will post 3.77 EPS for the current fiscal year.
A number of brokerages have weighed in on EA. BidaskClub raised shares of Electronic Arts from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. Citigroup began coverage on shares of Electronic Arts in a research report on Friday, June 7th. They set a “neutral” rating and a $102.00 price target on the stock. Nomura began coverage on shares of Electronic Arts in a research report on Thursday, June 6th. They set a “buy” rating and a $120.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of Electronic Arts from $111.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, William Blair reaffirmed an “outperform” rating on shares of Electronic Arts in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $111.30.
In related news, CEO Andrew Wilson sold 29,000 shares of Electronic Arts stock in a transaction on Monday, April 1st. The shares were sold at an average price of $103.00, for a total value of $2,987,000.00. Following the completion of the sale, the chief executive officer now owns 20,000 shares in the company, valued at $2,060,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 2,000 shares of Electronic Arts stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $93.76, for a total transaction of $187,520.00. The disclosure for this sale can be found here. Insiders have sold 82,744 shares of company stock worth $8,112,960 in the last quarter. Insiders own 2.24% of the company’s stock.
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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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