Sarasin & Partners LLP Has $69,436,000 Stake in Electronic Arts Inc. (EA)
Sarasin & Partners LLP increased its stake in Electronic Arts Inc. (NASDAQ:EA) by 2.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 813,072 shares of the game software company’s stock after buying an additional 19,866 shares during the period. Sarasin & Partners LLP owned 0.27% of Electronic Arts worth $69,436,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in EA. Private Trust Co. NA purchased a new stake in Electronic Arts during the second quarter valued at about $264,000. Eagle Asset Management Inc. raised its position in Electronic Arts by 397.8% in the second quarter. Eagle Asset Management Inc. now owns 250,393 shares of the game software company’s stock worth $18,969,000 after buying an additional 200,096 shares during the period. Coastline Trust Co raised its position in Electronic Arts by 24.6% in the second quarter. Coastline Trust Co now owns 15,265 shares of the game software company’s stock worth $1,156,000 after buying an additional 3,015 shares during the period. Handelsbanken Fonder AB raised its position in Electronic Arts by 25.0% in the second quarter. Handelsbanken Fonder AB now owns 75,000 shares of the game software company’s stock worth $5,682,000 after buying an additional 15,000 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in Electronic Arts by 3.0% in the second quarter. Nisa Investment Advisors LLC now owns 95,051 shares of the game software company’s stock worth $7,201,000 after buying an additional 2,790 shares during the period. 99.28% of the stock is currently owned by institutional investors.
Electronic Arts Inc. (NASDAQ:EA) opened at 81.37 on Wednesday. Electronic Arts Inc. has a 52 week low of $53.01 and a 52 week high of $86.07. The firm has a market cap of $24.55 billion, a P/E ratio of 20.74 and a beta of 0.58. The company’s 50 day moving average is $80.53 and its 200-day moving average is $79.09.
Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, November 1st. The game software company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.56. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Electronic Arts had a return on equity of 23.03% and a net margin of 27.62%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. Equities analysts expect that Electronic Arts Inc. will post $3.70 earnings per share for the current year.
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A number of research analysts have weighed in on EA shares. Wedbush set a $95.00 target price on shares of Electronic Arts and gave the stock a “buy” rating in a research note on Wednesday, November 2nd. Vetr lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $95.23 target price on the stock. in a research note on Monday, October 3rd. Robert W. Baird reissued an “outperform” rating and issued a $91.00 target price (up from $83.00) on shares of Electronic Arts in a research note on Wednesday, November 2nd. Zacks Investment Research raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Thursday, August 25th. Finally, Stifel Nicolaus raised their target price on shares of Electronic Arts from $83.00 to $87.00 and gave the stock a “buy” rating in a research note on Monday, September 12th. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $89.11.
In other news, SVP Samantha S. Smith sold 2,721 shares of the firm’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $76.78, for a total value of $208,918.38. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Blake J. Jorgensen sold 10,100 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $78.58, for a total transaction of $793,658.00. Following the completion of the transaction, the chief financial officer now directly owns 93,210 shares in the company, valued at approximately $7,324,441.80. 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 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.
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