Electronic Arts Inc. (EA) Shares Bought by Standard Life Investments LTD
Standard Life Investments LTD raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,851,825 shares of the game software company’s stock after buying an additional 186,449 shares during the period. Electronic Arts accounts for approximately 1.7% of Standard Life Investments LTD’s investment portfolio, making the stock its 15th largest position. Standard Life Investments LTD owned 1.61% of Electronic Arts worth $367,599,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the stock. Private Trust Co. NA purchased a new stake in Electronic Arts during the second quarter worth $264,000. Checchi Capital Advisers LLC increased its stake in Electronic Arts by 2.1% in the second quarter. Checchi Capital Advisers LLC now owns 3,562 shares of the game software company’s stock worth $270,000 after buying an additional 74 shares during the period. Acadian Asset Management LLC increased its stake in Electronic Arts by 35.9% in the second quarter. Acadian Asset Management LLC now owns 3,772 shares of the game software company’s stock worth $285,000 after buying an additional 996 shares during the period. BKD Wealth Advisors LLC increased its stake in Electronic Arts by 17.1% in the second quarter. BKD Wealth Advisors LLC now owns 3,869 shares of the game software company’s stock worth $293,000 after buying an additional 564 shares during the period. Finally, Advisory Services Network LLC increased its stake in Electronic Arts by 7.2% in the second quarter. Advisory Services Network LLC now owns 4,788 shares of the game software company’s stock worth $363,000 after buying an additional 322 shares during the period.
Shares of Electronic Arts Inc. (NASDAQ:EA) traded up 0.01% during midday trading on Monday, hitting $85.41. 2,047,917 shares of the stock were exchanged. The firm’s 50 day moving average is $82.10 and its 200-day moving average is $74.33. The stock has a market capitalization of $25.69 billion, a price-to-earnings ratio of 24.06 and a beta of 0.63. Electronic Arts Inc. has a 1-year low of $53.01 and a 1-year high of $86.05.
Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, August 2nd. The game software company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.09. The company earned $682 million during the quarter, compared to analyst estimates of $652.64 million. Electronic Arts had a net margin of 25.85% and a return on equity of 24.97%. Electronic Arts’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 earnings per share. On average, analysts predict that Electronic Arts Inc. will post $3.64 EPS for the current year.
A number of research analysts have recently issued reports on the stock. Vetr cut shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $80.46 target price for the company. in a research note on Monday, July 11th. Morgan Stanley assumed coverage on shares of Electronic Arts in a research note on Friday, September 23rd. They issued an “overweight” rating and a $101.00 target price for the company. BMO Capital Markets reiterated a “hold” rating on shares of Electronic Arts in a research note on Thursday, June 16th. Argus reiterated a “hold” rating on shares of Electronic Arts in a research note on Sunday, August 21st. Finally, Benchmark Co. reiterated a “hold” rating and issued a $98.00 target price on shares of Electronic Arts in a research note on Thursday, September 22nd. Four analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $88.59.
In other news, EVP Peter R. Moore sold 8,000 shares of Electronic Arts stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $75.83, for a total transaction of $606,640.00. Following the completion of the sale, the executive vice president now directly owns 111,732 shares in the company, valued at $8,472,637.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Kenneth A. Barker sold 15,909 shares of Electronic Arts stock in a transaction on Friday, August 19th. The stock was sold at an average price of $81.39, for a total value of $1,294,833.51. The disclosure for this sale can be found here. Company insiders own 3.46% of the company’s stock.
Electronic Arts Company Profile
Electronic Arts Inc is a game software content and services provider. The Company develops, markets, publishes and distributes game software content for consumers of various video game machines and electronic devices. It also provides game software-related services. The Company’s brands include Battlefield, Mass Effect, Need for Speed, Dragon Age, The Sims, Bejeweled and Plants v.
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