American Century Companies Inc. raised its position in Electronic Arts Inc. (NASDAQ:EA) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,936,888 shares of the game software company’s stock after purchasing an additional 28,127 shares during the quarter. American Century Companies Inc. owned 0.96% of Electronic Arts worth $353,866,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of EA. Kaizen Advisory LLC raised its position in shares of Electronic Arts by 159.5% during the second quarter. Kaizen Advisory LLC now owns 763 shares of the game software company’s stock worth $108,000 after acquiring an additional 469 shares during the last quarter. Alpha Windward LLC bought a new position in shares of Electronic Arts during the second quarter worth about $113,000. Sun Life Financial INC raised its position in shares of Electronic Arts by 389.4% during the second quarter. Sun Life Financial INC now owns 832 shares of the game software company’s stock worth $117,000 after acquiring an additional 662 shares during the last quarter. Massey Quick Simon & CO. LLC raised its position in shares of Electronic Arts by 165.4% during the third quarter. Massey Quick Simon & CO. LLC now owns 1,083 shares of the game software company’s stock worth $130,000 after acquiring an additional 675 shares during the last quarter. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Electronic Arts during the third quarter worth about $134,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.
EA has been the subject of several recent analyst reports. Zacks Investment Research cut Electronic Arts from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Credit Suisse Group raised their target price on Electronic Arts from $143.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 25th. BidaskClub cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 25th. Wedbush reaffirmed a “buy” rating and set a $158.00 target price on shares of Electronic Arts in a research note on Monday, July 23rd. Finally, Piper Jaffray Companies raised their target price on Electronic Arts to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 25th. Three analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $134.68.
Shares of Electronic Arts stock opened at $92.69 on Tuesday. The company has a quick ratio of 3.84, a current ratio of 3.52 and a debt-to-equity ratio of 0.19. Electronic Arts Inc. has a 52 week low of $89.12 and a 52 week high of $151.26. The company has a market capitalization of $28.18 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.59 and a beta of 0.96.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, October 30th. The game software company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.46. Electronic Arts had a return on equity of 26.01% and a net margin of 18.76%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the firm posted $0.62 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, research analysts predict that Electronic Arts Inc. will post 3.87 EPS for the current year.
In related news, CEO Andrew Wilson sold 29,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $113.13, for a total transaction of $3,280,770.00. Following the transaction, the chief executive officer now owns 20,000 shares of the company’s stock, valued at $2,262,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Laura Miele sold 1,250 shares of Electronic Arts stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $93.83, for a total value of $117,287.50. Following the transaction, the insider now directly owns 10,961 shares in the company, valued at approximately $1,028,470.63. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,250 shares of company stock worth $11,226,348. 2.24% of the stock is owned by insiders.
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About Electronic Arts
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, Mass Effect, Need for Speed, The Sims, and Plants v.
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