Dragon Financial & Investment Group LLC acquired a new position in Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 3,625 shares of the game software company’s stock, valued at approximately $381,000. Electronic Arts accounts for 0.3% of Dragon Financial & Investment Group LLC’s holdings, making the stock its 18th biggest position.
Other hedge funds also recently bought and sold shares of the company. Cerebellum GP LLC bought a new stake in Electronic Arts in the fourth quarter worth about $129,000. First Bank & Trust bought a new stake in Electronic Arts in the fourth quarter worth about $134,000. Exane Derivatives bought a new stake in Electronic Arts in the fourth quarter worth about $142,000. Bessemer Group Inc. raised its position in Electronic Arts by 144.5% in the third quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock worth $157,000 after acquiring an additional 783 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new stake in Electronic Arts in the third quarter worth about $183,000. 90.95% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have commented on the stock. Vetr upgraded shares of Electronic Arts from a “sell” rating to a “hold” rating and set a $117.32 price target on the stock in a research report on Thursday, February 8th. BMO Capital Markets boosted their price objective on Electronic Arts to $150.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded Electronic Arts from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Stifel Nicolaus boosted their price objective on Electronic Arts from $129.00 to $141.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, SunTrust Banks restated a “buy” rating and set a $135.00 price objective on shares of Electronic Arts in a report on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Electronic Arts has an average rating of “Buy” and a consensus target price of $130.34.
In related news, CFO Blake J. Jorgensen sold 10,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $112.85, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Blake J. Jorgensen sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $100.27, for a total value of $1,002,700.00. Following the completion of the sale, the chief financial officer now directly owns 169,614 shares of the company’s stock, valued at approximately $17,007,195.78. The disclosure for this sale can be found here. Insiders sold a total of 66,158 shares of company stock worth $7,438,029 in the last quarter. 2.55% of the stock is owned by corporate insiders.
Electronic Arts Inc. (NASDAQ EA) opened at $126.02 on Tuesday. The firm has a market capitalization of $38,653.86, a PE ratio of 39.38, a PEG ratio of 2.29 and a beta of 0.73. Electronic Arts Inc. has a twelve month low of $85.23 and a twelve month high of $131.01. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.24.
Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.03. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.02 billion. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%. sell-side analysts forecast that Electronic Arts Inc. will post 3.66 earnings per share for the current fiscal year.
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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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