Electronic Arts Inc. (EA) Holdings Increased by Tredje AP fonden
Tredje AP fonden boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 95.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,554 shares of the game software company’s stock after buying an additional 35,360 shares during the period. Tredje AP fonden’s holdings in Electronic Arts were worth $7,670,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rathbone Brothers plc increased its holdings in shares of Electronic Arts by 1.8% in the 2nd quarter. Rathbone Brothers plc now owns 338,220 shares of the game software company’s stock valued at $35,757,000 after purchasing an additional 6,000 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Electronic Arts by 41.4% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 556,961 shares of the game software company’s stock valued at $58,882,000 after purchasing an additional 163,055 shares during the period. Calamos Advisors LLC acquired a new position in shares of Electronic Arts in the 2nd quarter valued at about $228,000. Synovus Financial Corp increased its holdings in shares of Electronic Arts by 27.0% in the 2nd quarter. Synovus Financial Corp now owns 6,973 shares of the game software company’s stock valued at $736,000 after purchasing an additional 1,484 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of Electronic Arts in the 2nd quarter valued at about $249,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.
In other news, CEO Andrew Wilson sold 10,058 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $119.56, for a total transaction of $1,202,534.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence F. Probst III sold 68,072 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $118.83, for a total value of $8,088,995.76. Following the transaction, the director now directly owns 176,348 shares of the company’s stock, valued at approximately $20,955,432.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 345,097 shares of company stock valued at $39,623,978. Corporate insiders own 2.55% of the company’s stock.
EA has been the topic of a number of research reports. Mizuho set a $115.00 target price on Electronic Arts and gave the company a “buy” rating in a report on Wednesday, May 10th. Zacks Investment Research downgraded Electronic Arts from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th. Piper Jaffray Companies dropped their target price on Electronic Arts from $119.00 to $99.00 and set an “overweight” rating on the stock in a report on Wednesday, May 10th. Jefferies Group LLC reiterated a “buy” rating and issued a $123.00 target price (up previously from $110.00) on shares of Electronic Arts in a report on Wednesday, May 10th. Finally, Macquarie upped their target price on Electronic Arts from $105.00 to $108.00 and gave the company an “outperform” rating in a report on Wednesday, May 10th. Four equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company’s stock. Electronic Arts presently has a consensus rating of “Buy” and a consensus target price of $115.97.
WARNING: This piece was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/07/electronic-arts-inc-ea-holdings-increased-by-tredje-ap-fonden.html.
Electronic Arts Inc. (NASDAQ EA) traded up 0.43% during midday trading on Thursday, hitting $117.50. The stock had a trading volume of 208,653 shares. Electronic Arts Inc. has a 1-year low of $73.74 and a 1-year high of $122.79. The firm has a market capitalization of $36.28 billion, a price-to-earnings ratio of 31.46 and a beta of 0.68. The firm has a 50-day moving average price of $116.99 and a 200-day moving average price of $103.95.
Electronic Arts (NASDAQ:EA) last released its earnings results on Thursday, July 27th. The game software company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.22. The firm had revenue of $775 million during the quarter, compared to the consensus estimate of $768.47 million. Electronic Arts had a return on equity of 29.77% and a net margin of 23.31%. The company’s revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 EPS. On average, equities research analysts anticipate that Electronic Arts Inc. will post $4.24 earnings per share for the current year.
Electronic Arts 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.
Want to see what other hedge funds are holding EA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronic Arts Inc. (NASDAQ:EA).
Receive News & Stock Ratings for Electronic Arts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts Inc. and related stocks with our FREE daily email newsletter.