Avantax Advisory Services Inc. boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 100.0% in the 3rd quarter, Holdings Channel reports. The firm owned 10,928 shares of the game software company’s stock after buying an additional 5,464 shares during the period. Avantax Advisory Services Inc.’s holdings in Electronic Arts were worth $1,423,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EA. M&R Capital Management Inc. increased its holdings in shares of Electronic Arts by 952.6% during the second quarter. M&R Capital Management Inc. now owns 200 shares of the game software company’s stock worth $26,000 after buying an additional 181 shares in the last quarter. Heritage Wealth Advisors increased its holdings in shares of Electronic Arts by 225.3% during the second quarter. Heritage Wealth Advisors now owns 732 shares of the game software company’s stock worth $29,000 after buying an additional 507 shares in the last quarter. BDO Wealth Advisors LLC acquired a new position in shares of Electronic Arts during the first quarter worth $30,000. CX Institutional increased its holdings in shares of Electronic Arts by 185.5% during the second quarter. CX Institutional now owns 237 shares of the game software company’s stock worth $31,000 after buying an additional 154 shares in the last quarter. Finally, Modus Advisors LLC acquired a new position in shares of Electronic Arts during the second quarter worth $35,000. Hedge funds and other institutional investors own 90.75% of the company’s stock.
In related news, Director Leonard S. Coleman, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $145.82, for a total value of $291,640.00. Following the transaction, the director now owns 36,240 shares of the company’s stock, valued at approximately $5,284,516.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $141.87, for a total transaction of $113,496.00. Following the completion of the transaction, the insider now directly owns 22,803 shares in the company, valued at approximately $3,235,061.61. The disclosure for this sale can be found here. Insiders have sold a total of 588,368 shares of company stock worth $74,594,428 in the last three months. Insiders own 0.92% of the company’s stock.
Several research analysts have recently issued reports on EA shares. MKM Partners upped their price target on shares of Electronic Arts from $144.00 to $160.00 in a report on Friday, July 31st. SunTrust Banks restated a “buy” rating on shares of Electronic Arts in a report on Monday, August 3rd. Barclays increased their price objective on Electronic Arts from $130.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft increased their price objective on Electronic Arts from $125.00 to $144.00 and gave the company a “hold” rating in a report on Tuesday, October 13th. Finally, UBS Group increased their price objective on Electronic Arts from $126.00 to $170.00 and gave the company a “buy” rating in a report on Friday, July 31st. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Electronic Arts presently has an average rating of “Buy” and a consensus target price of $141.41.
Shares of Electronic Arts stock opened at $131.92 on Friday. The company has a market cap of $38.10 billion, a P/E ratio of 19.54, a PEG ratio of 2.48 and a beta of 0.90. The business has a 50-day moving average price of $130.35 and a two-hundred day moving average price of $126.83. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.05. Electronic Arts Inc. has a 1-year low of $85.69 and a 1-year high of $147.36.
Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Thursday, July 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.48. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Electronic Arts had a net margin of 34.27% and a return on equity of 21.32%. Equities research analysts forecast that Electronic Arts Inc. will post 4.27 EPS for the current fiscal 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, The Sims, Apex Legends, Need for Speed, and Plants v.
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