Electronic Arts Inc. (EA) Stake Lowered by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC reduced its holdings in Electronic Arts Inc. (NASDAQ:EA) by 12.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,956 shares of the game software company’s stock after selling 730 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Electronic Arts were worth $522,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EA. Egerton Capital UK LLP acquired a new position in Electronic Arts during the 4th quarter worth $184,412,000. Flossbach Von Storch AG acquired a new position in Electronic Arts during the 4th quarter worth $139,782,000. Old Mutual Global Investors UK Ltd. lifted its holdings in Electronic Arts by 161.6% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 1,542,907 shares of the game software company’s stock worth $162,097,000 after buying an additional 953,148 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in Electronic Arts by 49.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,570,034 shares of the game software company’s stock worth $185,358,000 after buying an additional 520,560 shares in the last quarter. Finally, CI Global Investments Inc. acquired a new position in Electronic Arts during the 4th quarter worth $43,137,000. 90.95% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Inc. (NASDAQ EA) opened at $126.02 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.92 and a quick ratio of 1.92. Electronic Arts Inc. has a 12 month low of $85.23 and a 12 month high of $131.01. The firm has a market capitalization of $38,653.86, a price-to-earnings ratio of 36.01, a PEG ratio of 2.29 and a beta of 0.73.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, January 30th. The game software company reported $2.06 EPS for the quarter, beating the Zacks’ 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 business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.02 billion. sell-side analysts forecast that Electronic Arts Inc. will post 3.66 earnings per share for the current year.

In related news, CEO Andrew Wilson sold 9,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $128.30, for a total value of $1,154,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Blake J. Jorgensen sold 10,500 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $112.85, for a total transaction of $1,184,925.00. Following the completion of the sale, the chief financial officer now owns 159,114 shares of the company’s stock, valued at approximately $17,956,014.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,158 shares of company stock valued at $7,438,029. 2.55% of the stock is owned by corporate insiders.

Several research analysts have issued reports on EA shares. Goldman Sachs Group downgraded Electronic Arts from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Oppenheimer reaffirmed a “buy” rating on shares of Electronic Arts in a report on Friday, November 17th. Zacks Investment Research downgraded Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Vetr downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price objective on the stock. in a report on Wednesday, November 29th. Finally, Barclays reduced their price objective on Electronic Arts from $129.00 to $127.00 and set an “overweight” rating on the stock in a report on Wednesday, November 1st. Seven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $130.34.

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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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