Quantitative Investment Management LLC purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 49,200 shares of the game software company’s stock, valued at approximately $5,168,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new position in shares of Electronic Arts in the 4th quarter valued at approximately $129,000. First Bank & Trust purchased a new position in shares of Electronic Arts in the 4th quarter valued at approximately $134,000. Exane Derivatives purchased a new position in shares of Electronic Arts in the 4th quarter valued at approximately $142,000. Bessemer Group Inc. raised its position in shares of Electronic Arts by 144.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after purchasing an additional 783 shares during the last quarter. Finally, Dupont Capital Management Corp purchased a new position in shares of Electronic Arts in the 3rd quarter valued at approximately $183,000. 95.45% of the stock is owned by institutional investors and hedge funds.
In related news, CFO Blake J. Jorgensen sold 10,500 shares of Electronic Arts stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $125.97, for a total value of $1,322,685.00. Following the sale, the chief financial officer now owns 141,514 shares of the company’s stock, valued at approximately $17,826,518.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Vijayanthimala Singh sold 200 shares of Electronic Arts stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $126.75, for a total transaction of $25,350.00. Following the completion of the sale, the senior vice president now directly owns 4,528 shares in the company, valued at approximately $573,924. The disclosure for this sale can be found here. Insiders sold a total of 81,279 shares of company stock worth $9,809,588 in the last three months. 2.55% of the stock is owned by corporate insiders.
Several equities analysts recently commented on EA shares. Oppenheimer reaffirmed a “buy” rating on shares of Electronic Arts in a research report on Friday, November 17th. Buckingham Research set a $143.00 price target on shares of Electronic Arts and gave the stock a “buy” rating in a report on Sunday, November 19th. KeyCorp reiterated a “buy” rating and issued a $134.00 price target on shares of Electronic Arts in a report on Sunday, November 19th. Vetr downgraded shares of Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price target on the stock. in a report on Wednesday, November 29th. Finally, Goldman Sachs Group downgraded shares of Electronic Arts from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $132.81.
Shares of Electronic Arts Inc. (NASDAQ EA) opened at $126.57 on Wednesday. The company has a market cap of $39,297.99, a P/E ratio of 36.61, a PEG ratio of 2.33 and a beta of 0.76. Electronic Arts Inc. has a one year low of $87.90 and a one year high of $131.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.92 and a current ratio of 1.92.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, January 30th. The game software company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.02 billion. research 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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