Vident Investment Advisory LLC lowered its holdings in Electronic Arts Inc. (NASDAQ:EA) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,191 shares of the game software company’s stock after selling 624 shares during the period. Vident Investment Advisory LLC’s holdings in Electronic Arts were worth $1,281,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of EA. Brown Advisory Inc. boosted its holdings in Electronic Arts by 25,746.6% in the 4th quarter. Brown Advisory Inc. now owns 2,096,933 shares of the game software company’s stock valued at $220,305,000 after purchasing an additional 2,088,820 shares during the period. Egerton Capital UK LLP bought a new stake in shares of Electronic Arts during the 4th quarter worth approximately $184,412,000. Flossbach Von Storch AG bought a new stake in shares of Electronic Arts during the 4th quarter worth approximately $139,782,000. Old Mutual Global Investors UK Ltd. lifted its holdings in shares of 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 acquiring an additional 953,148 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of Electronic Arts by 4.4% during the 4th quarter. BlackRock Inc. now owns 21,297,293 shares of the game software company’s stock worth $2,237,493,000 after acquiring an additional 904,557 shares during the period. 95.45% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Chris Bruzzo sold 1,500 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $108.51, for a total transaction of $162,765.00. Following the completion of the sale, the executive vice president now directly owns 38,362 shares in the company, valued at $4,162,660.62. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 9,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $108.69, for a total transaction of $978,210.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,079 shares of company stock valued at $9,806,818. Corporate insiders own 2.55% of the company’s stock.
Electronic Arts stock opened at $126.00 on Thursday. 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 $87.94 and a 12-month high of $131.13. The stock has a market cap of $38,908.45, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 2.31 and a beta of 0.76.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $2.02 billion. equities research analysts predict that Electronic Arts Inc. will post 3.66 earnings per share for the current year.
A number of brokerages have recently weighed in on EA. Morgan Stanley upped their price target on shares of Electronic Arts from $120.00 to $126.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Vetr downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating and set a $124.90 price target for the company. in a report on Thursday, March 8th. Jefferies Group reaffirmed a “buy” rating and set a $150.00 price target on shares of Electronic Arts in a report on Wednesday, January 31st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $145.00 price target on shares of Electronic Arts in a report on Wednesday, January 31st. Finally, Wedbush reaffirmed a “buy” rating and set a $138.00 price target on shares of Electronic Arts in a report on Wednesday, January 31st. Seven research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $132.81.
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About Electronic Arts
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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