Bellecapital International Ltd. grew its position in Electronic Arts Inc. (NASDAQ:EA) by 52.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,876 shares of the game software company’s stock after acquiring an additional 989 shares during the quarter. Bellecapital International Ltd.’s holdings in Electronic Arts were worth $375,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EA. Public Employees Retirement Association of Colorado increased its holdings in shares of Electronic Arts by 2.2% in the first quarter. Public Employees Retirement Association of Colorado now owns 55,177 shares of the game software company’s stock valued at $5,527,000 after purchasing an additional 1,172 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Electronic Arts by 53.6% in the first quarter. Federated Hermes Inc. now owns 7,729 shares of the game software company’s stock valued at $774,000 after purchasing an additional 2,698 shares during the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Electronic Arts in the first quarter valued at approximately $1,740,000. APG Asset Management N.V. increased its holdings in shares of Electronic Arts by 858.9% in the first quarter. APG Asset Management N.V. now owns 323,398 shares of the game software company’s stock valued at $32,395,000 after purchasing an additional 289,671 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of Electronic Arts by 29.7% in the first quarter. Schroder Investment Management Group now owns 196,919 shares of the game software company’s stock valued at $20,973,000 after purchasing an additional 45,042 shares during the last quarter. Institutional investors and hedge funds own 90.75% of the company’s stock.
Several equities research analysts have issued reports on EA shares. Stifel Nicolaus reissued a “buy” rating and set a $154.00 target price (up previously from $130.00) on shares of Electronic Arts in a research note on Tuesday, July 21st. Wells Fargo & Company raised their target price on Electronic Arts from $120.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Barclays raised their target price on Electronic Arts from $130.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. They noted that the move was a valuation call. Benchmark raised their target price on Electronic Arts from $143.00 to $151.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Finally, SunTrust Banks reissued a “buy” rating on shares of Electronic Arts in a research note on Monday, August 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $141.41.
In other news, CFO Blake J. Jorgensen sold 5,975 shares of the business’s stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $124.75, for a total value of $745,381.25. Following the completion of the sale, the chief financial officer now directly owns 60,435 shares of the company’s stock, valued at approximately $7,539,266.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $141.87, for a total value of $113,496.00. Following the completion of the sale, the insider now directly owns 22,803 shares of the company’s stock, valued at $3,235,061.61. The disclosure for this sale can be found here. Insiders sold a total of 588,368 shares of company stock valued at $74,594,428 over the last three months. Company insiders own 0.92% of the company’s stock.
NASDAQ EA traded up $0.58 during trading on Friday, reaching $131.92. 1,925,033 shares of the company’s stock were exchanged, compared to its average volume of 2,938,633. The stock has a market cap of $38.10 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 2.48 and a beta of 0.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.61 and a current ratio of 2.61. The company has a 50 day moving average price of $130.35 and a two-hundred day moving average price of $126.83. Electronic Arts Inc. has a 1 year low of $85.69 and a 1 year high of $147.36.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Thursday, July 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.48. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.08 billion. Electronic Arts had a return on equity of 21.32% and a net margin of 34.27%. Research analysts forecast that Electronic Arts Inc. will post 4.27 EPS for the current fiscal year.
Electronic Arts 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, The Sims, Apex Legends, Need for Speed, and Plants v.
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