Teachers Insurance & Annuity Association of America purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,362 shares of the game software company’s stock, valued at approximately $564,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Cerebellum GP LLC bought a new stake in shares of Electronic Arts in the fourth quarter valued at $129,000. First Bank & Trust bought a new stake in shares of Electronic Arts in the fourth quarter valued at $134,000. Bessemer Group Inc. raised its stake in shares of Electronic Arts by 144.5% in the third quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after buying an additional 783 shares during the period. Exane Derivatives bought a new stake in shares of Electronic Arts in the fourth quarter valued at $142,000. Finally, Dupont Capital Management Corp bought a new stake in shares of Electronic Arts in the third quarter valued at $183,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.
In other news, SVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $107.50, for a total value of $107,500.00. Following the completion of the transaction, the senior vice president now directly owns 18,950 shares in the company, valued at approximately $2,037,125. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Chris Bruzzo sold 1,500 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $128.31, for a total value of $192,465.00. Following the completion of the transaction, the executive vice president now owns 36,762 shares of the company’s stock, valued at $4,716,932.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,279 shares of company stock valued at $9,809,588. 2.55% of the stock is owned by company insiders.
Electronic Arts Inc. (EA) opened at $126.57 on Wednesday. Electronic Arts Inc. has a 52-week low of $87.90 and a 52-week 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. The company has a market capitalization of $39,297.99, a PE ratio of 36.61, a P/E/G ratio of 2.33 and a beta of 0.76.
Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, January 30th. The game software company reported $2.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.03. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%. The business 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 EPS for the current year.
A number of research firms recently issued reports on EA. Wedbush reiterated a “buy” rating and set a $138.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 31st. Stifel Nicolaus reiterated a “buy” rating and set a $129.00 price objective (up from $128.00) on shares of Electronic Arts in a research note on Friday, January 26th. Vetr upgraded Electronic Arts from a “sell” rating to a “buy” rating and set a $142.00 price objective on the stock in a research note on Monday. Oppenheimer reiterated a “buy” rating and set a $130.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 17th. Finally, Goldman Sachs Group lowered Electronic Arts from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Seven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $132.81.
TRADEMARK VIOLATION WARNING: This news story was originally posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.thelincolnianonline.com/2018/03/14/teachers-insurance-annuity-association-of-america-purchases-shares-of-5362-electronic-arts-inc-ea.html.
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.
Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.