Marshall Wace North America L.P. increased its position in Electronic Arts Inc. (NASDAQ:EA) by 28.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,623,809 shares of the game software company’s stock after buying an additional 360,208 shares during the period. Electronic Arts accounts for about 1.0% of Marshall Wace North America L.P.’s investment portfolio, making the stock its 21st biggest position. Marshall Wace North America L.P. owned about 0.55% of Electronic Arts worth $164,427,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of EA. FMR LLC lifted its position in shares of Electronic Arts by 10.8% in the first quarter. FMR LLC now owns 16,439,841 shares of the game software company’s stock worth $1,670,780,000 after buying an additional 1,598,653 shares in the last quarter. Invesco Ltd. lifted its position in shares of Electronic Arts by 15.7% in the second quarter. Invesco Ltd. now owns 6,715,803 shares of the game software company’s stock worth $680,043,000 after buying an additional 913,279 shares in the last quarter. Independent Franchise Partners LLP lifted its position in shares of Electronic Arts by 35.4% in the second quarter. Independent Franchise Partners LLP now owns 3,421,561 shares of the game software company’s stock worth $346,467,000 after buying an additional 894,736 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Electronic Arts by 72.9% in the first quarter. Wells Fargo & Company MN now owns 1,748,806 shares of the game software company’s stock worth $177,732,000 after buying an additional 737,527 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Electronic Arts by 71.9% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,469,320 shares of the game software company’s stock worth $149,328,000 after buying an additional 614,455 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.
A number of equities research analysts recently commented on EA shares. KeyCorp started coverage on Electronic Arts in a research report on Monday, July 29th. They issued a “sector weight” rating on the stock. TheStreet upgraded Electronic Arts from a “c+” rating to a “b” rating in a research report on Tuesday, July 30th. BMO Capital Markets reiterated an “outperform” rating and set a $130.00 price target (up previously from $116.00) on shares of Electronic Arts in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded Electronic Arts from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research report on Friday, August 2nd. Finally, Bank of America upped their price objective on Electronic Arts from $100.00 to $102.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-one have given a buy rating to the company. Electronic Arts currently has a consensus rating of “Buy” and an average price target of $110.64.
In other news, EVP Matthew Bilbey sold 600 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $102.65, for a total transaction of $61,590.00. Following the transaction, the executive vice president now owns 10,773 shares of the company’s stock, valued at $1,105,848.45. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Jacob J. Schatz sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $100.00, for a total value of $200,000.00. Following the transaction, the general counsel now directly owns 15,747 shares in the company, valued at approximately $1,574,700. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,074 shares of company stock worth $9,331,897. Insiders own 2.18% of the company’s stock.
Shares of EA traded down $0.84 during mid-day trading on Wednesday, reaching $97.58. 69,805 shares of the company’s stock traded hands, compared to its average volume of 2,973,853. The stock has a market cap of $29.02 billion, a P/E ratio of 24.86, a P/E/G ratio of 2.21 and a beta of 0.97. The stock’s 50-day moving average is $94.35 and its two-hundred day moving average is $95.16. Electronic Arts Inc. has a 12 month low of $73.91 and a 12 month high of $121.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.52 and a quick ratio of 3.52.
Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, July 30th. The game software company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.10). The business had revenue of $743.00 million for the quarter, compared to the consensus estimate of $724.55 million. Electronic Arts had a net margin of 42.75% and a return on equity of 19.63%. Research analysts predict that Electronic Arts Inc. will post 3.74 earnings per share for the current year.
Electronic Arts Company 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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