Bailard Inc. Acquires New Holdings in Electronic Arts Inc. (EA)

Bailard Inc. acquired a new position in Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,900 shares of the game software company’s stock, valued at approximately $1,986,000.

Other large investors have also modified their holdings of the company. Cerebellum GP LLC bought a new stake in Electronic Arts during the fourth quarter valued at about $129,000. First Bank & Trust bought a new stake in Electronic Arts during the fourth quarter valued at about $134,000. Exane Derivatives bought a new stake in Electronic Arts during the fourth quarter valued at about $142,000. Bessemer Group Inc. boosted its holdings in Electronic Arts by 144.5% during the third quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after acquiring an additional 783 shares during the period. Finally, Dupont Capital Management Corp bought a new stake in Electronic Arts during the third quarter valued at about $183,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Electronic Arts Inc. (EA) opened at $126.48 on Friday. Electronic Arts Inc. has a 52-week low of $85.23 and a 52-week high of $131.01. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market cap of $37,963.72, a PE ratio of 39.53, a P/E/G ratio of 2.25 and a beta of 0.73.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.03. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.02 billion. analysts expect that Electronic Arts Inc. will post 3.66 EPS for the current fiscal year.

A number of research firms have issued reports on EA. BidaskClub upgraded shares of Electronic Arts from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Benchmark upped their price objective on shares of Electronic Arts from $136.00 to $141.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Morgan Stanley upped their price objective on shares of Electronic Arts from $120.00 to $126.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. KeyCorp upped their price objective on shares of Electronic Arts from $134.00 to $152.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Finally, Barclays upped their price objective on shares of Electronic Arts from $127.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $130.34.

In other Electronic Arts news, SVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $108.28, for a total transaction of $108,280.00. Following the sale, the senior vice president now directly owns 19,950 shares of the company’s stock, valued at $2,160,186. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Blake J. Jorgensen sold 10,500 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $118.90, for a total transaction of $1,248,450.00. Following the sale, the chief financial officer now directly owns 148,971 shares in the company, valued at $17,712,651.90. The disclosure for this sale can be found here. Insiders sold 67,158 shares of company stock valued at $7,546,309 in the last three months. Company insiders own 2.55% of the company’s stock.

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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.

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

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