5,309 Shares in Electronic Arts Inc. (NASDAQ:EA) Acquired by Cetera Investment Advisers

Cetera Investment Advisers acquired a new position in Electronic Arts Inc. (NASDAQ:EA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,309 shares of the game software company’s stock, valued at approximately $555,000.

Several other institutional investors have also recently modified their holdings of EA. Guardian Life Insurance Co. of America increased its position in Electronic Arts by 2.9% during the first quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock worth $107,000 after acquiring an additional 34 shares during the period. Invictus RG increased its position in Electronic Arts by 722.0% during the first quarter. Invictus RG now owns 1,307 shares of the game software company’s stock worth $117,000 after acquiring an additional 1,148 shares during the period. D. Scott Neal Inc. bought a new position in Electronic Arts during the second quarter worth $120,000. Tower Research Capital LLC TRC increased its position in Electronic Arts by 310.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock worth $149,000 after acquiring an additional 1,063 shares during the period. Finally, Captrust Financial Advisors bought a new position in Electronic Arts during the second quarter worth $195,000. Institutional investors and hedge funds own 94.00% of the company’s stock.

Shares of Electronic Arts Inc. (EA) traded up 0.833% on Friday, reaching $116.795. 700,219 shares of the company traded hands. The company has a market capitalization of $36.06 billion, a P/E ratio of 31.270 and a beta of 0.69. Electronic Arts Inc. has a one year low of $73.74 and a one year high of $122.79. The firm’s 50 day moving average is $117.42 and its 200 day moving average is $111.07.

Electronic Arts (NASDAQ:EA) last released its earnings results on Thursday, July 27th. The game software company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.22. Electronic Arts had a return on equity of 29.77% and a net margin of 23.31%. The firm had revenue of $775.00 million for the quarter, compared to analysts’ expectations of $768.47 million. During the same quarter in the previous year, the business posted $0.07 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. Analysts expect that Electronic Arts Inc. will post $4.25 earnings per share for the current fiscal year.

In other news, Director Lawrence F. Probst III sold 55,850 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $121.18, for a total transaction of $6,767,903.00. Following the sale, the director now directly owns 171,123 shares in the company, valued at $20,736,685.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $113.60, for a total value of $113,600.00. Following the sale, the senior vice president now owns 20,950 shares in the company, valued at $2,379,920. The disclosure for this sale can be found here. In the last quarter, insiders sold 198,096 shares of company stock worth $23,573,936. Company insiders own 2.55% of the company’s stock.

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A number of equities analysts recently issued reports on EA shares. Oppenheimer Holdings, Inc. set a $130.00 target price on shares of Electronic Arts and gave the stock a “buy” rating in a research report on Friday, July 28th. Wedbush reaffirmed a “buy” rating on shares of Electronic Arts in a research report on Friday, July 28th. Jefferies Group LLC reissued a “buy” rating and issued a $135.00 price target (up previously from $123.00) on shares of Electronic Arts in a report on Friday, July 28th. Bank of America Corporation raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $131.00 price target on the stock in a report on Wednesday, July 26th. Finally, BidaskClub raised shares of Electronic Arts from a “hold” rating to a “buy” rating in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Electronic Arts presently has a consensus rating of “Buy” and an average price target of $122.75.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

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

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