Advisor Partners LLC Raises Position in Electronic Arts Inc. (NASDAQ:EA)

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Advisor Partners LLC increased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 7.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,705 shares of the game software company’s stock after purchasing an additional 463 shares during the quarter. Advisor Partners LLC’s holdings in Electronic Arts were worth $656,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. WT Asset Management Ltd bought a new stake in Electronic Arts in the 1st quarter worth $19,529,000. Canada Pension Plan Investment Board grew its holdings in Electronic Arts by 23.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 366,573 shares of the game software company’s stock worth $37,119,000 after acquiring an additional 69,257 shares during the last quarter. Greenwood Capital Associates LLC grew its holdings in Electronic Arts by 99.2% in the 2nd quarter. Greenwood Capital Associates LLC now owns 67,982 shares of the game software company’s stock worth $6,884,000 after acquiring an additional 33,860 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Electronic Arts in the 2nd quarter worth $598,000. Finally, Coastline Trust Co grew its holdings in Electronic Arts by 1.4% in the 2nd quarter. Coastline Trust Co now owns 15,430 shares of the game software company’s stock worth $1,562,000 after acquiring an additional 215 shares during the last quarter. Institutional investors own 92.54% of the company’s stock.

NASDAQ:EA opened at $95.13 on Friday. Electronic Arts Inc. has a one year low of $73.91 and a one year high of $108.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.52 and a quick ratio of 3.52. The company’s 50-day simple moving average is $95.17 and its 200 day simple moving average is $94.51. The firm has a market capitalization of $28.52 billion, a P/E ratio of 24.21, a PEG ratio of 4.49 and a beta of 0.95.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, July 30th. The game software company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.10). Electronic Arts had a return on equity of 19.63% and a net margin of 42.75%. The business had revenue of $743.00 million for the quarter, compared to the consensus estimate of $724.55 million. On average, equities research analysts expect that Electronic Arts Inc. will post 3.73 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on EA shares. Cowen raised shares of Electronic Arts from a “market perform” rating to an “outperform” rating and set a $104.00 target price on the stock in a research note on Wednesday, July 31st. TheStreet raised shares of Electronic Arts from a “c+” rating to a “b” rating in a research note on Tuesday, July 30th. Bank of America lifted their target price on shares of Electronic Arts from $100.00 to $102.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. KeyCorp started coverage on shares of Electronic Arts in a research note on Monday, July 29th. They set a “sector weight” rating on the stock. Finally, Jefferies Financial Group set a $100.00 target price on shares of Electronic Arts and gave the company a “hold” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $110.64.

In other Electronic Arts news, Director Luis A. Ubinas sold 3,389 shares of Electronic Arts stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $89.23, for a total value of $302,400.47. Following the completion of the transaction, the director now directly owns 306 shares of the company’s stock, valued at $27,304.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 9,000 shares of Electronic Arts stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $95.07, for a total transaction of $855,630.00. The disclosure for this sale can be found here. Insiders have sold 58,774 shares of company stock worth $5,609,608 in the last three months. 2.18% of the stock is currently owned by insiders.

Electronic Arts 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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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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