Exane Asset Management acquired a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,571 shares of the game software company’s stock, valued at approximately $203,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bailard Inc. increased its stake in Electronic Arts by 15.7% during the fourth quarter. Bailard Inc. now owns 24,650 shares of the game software company’s stock valued at $1,945,000 after acquiring an additional 3,350 shares during the period. Spinnaker Trust bought a new position in Electronic Arts during the fourth quarter valued at about $2,704,000. BB&T Securities LLC increased its stake in Electronic Arts by 14.3% during the fourth quarter. BB&T Securities LLC now owns 10,717 shares of the game software company’s stock valued at $845,000 after acquiring an additional 1,337 shares during the period. Carve CapitalAB increased its stake in Electronic Arts by 25.4% during the fourth quarter. Carve CapitalAB now owns 242,000 shares of the game software company’s stock valued at $19,191,000 after acquiring an additional 49,000 shares during the period. Finally, Alerus Financial NA increased its stake in Electronic Arts by 4.8% during the fourth quarter. Alerus Financial NA now owns 45,953 shares of the game software company’s stock valued at $3,626,000 after acquiring an additional 2,112 shares during the period. 95.84% of the stock is owned by hedge funds and other institutional investors.
EA has been the topic of several analyst reports. Wedbush set a $158.00 price objective on Electronic Arts and gave the company a “buy” rating in a research note on Tuesday, October 23rd. SunTrust Banks set a $116.00 price objective on Electronic Arts and gave the company a “buy” rating in a research note on Thursday, October 25th. BidaskClub lowered Electronic Arts from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 31st. Atlantic Securities lowered Electronic Arts from an “overweight” rating to a “neutral” rating and set a $110.00 price objective on the stock. in a research note on Wednesday, October 31st. Finally, Barclays lowered their price objective on Electronic Arts from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $113.69.
EA opened at $97.60 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.99 and a quick ratio of 2.99. Electronic Arts Inc. has a 12 month low of $73.91 and a 12 month high of $151.26. The firm has a market capitalization of $29.24 billion, a P/E ratio of 28.37, a PEG ratio of 2.07 and a beta of 1.20.
Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, February 5th. The game software company reported $1.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.12. Electronic Arts had a return on equity of 23.21% and a net margin of 26.77%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the prior year, the company earned ($0.60) EPS. The company’s revenue was down 18.4% on a year-over-year basis. As a group, sell-side analysts forecast that Electronic Arts Inc. will post 3.14 earnings per share for the current fiscal year.
In other news, CEO Andrew Wilson sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $84.36, for a total transaction of $759,240.00. 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 the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $79.51, for a total transaction of $99,387.50. Following the transaction, the insider now directly owns 8,461 shares in the company, valued at $672,734.11. The disclosure for this sale can be found here. Insiders have sold 40,200 shares of company stock worth $3,425,351 over the last ninety days. Insiders own 2.24% of the company’s stock.
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Electronic Arts Profile
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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