Captrust Financial Advisors Acquires New Stake in Electronic Arts Inc. (EA)
Captrust Financial Advisors acquired a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,849 shares of the game software company’s stock, valued at approximately $195,000.
A number of other hedge funds also recently modified their holdings of the business. Guardian Life Insurance Co. of America raised its position in Electronic Arts by 2.9% during the first quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock valued at $107,000 after purchasing an additional 34 shares during the period. ProVise Management Group LLC raised its holdings in shares of Electronic Arts by 0.8% in the second quarter. ProVise Management Group LLC now owns 4,324 shares of the game software company’s stock worth $458,000 after buying an additional 36 shares during the period. Jaffetilchin Investment Partners LLC raised its holdings in shares of Electronic Arts by 0.9% in the first quarter. Jaffetilchin Investment Partners LLC now owns 4,943 shares of the game software company’s stock worth $442,000 after buying an additional 45 shares during the period. San Francisco Sentry Investment Group CA raised its holdings in shares of Electronic Arts by 1.4% in the first quarter. San Francisco Sentry Investment Group CA now owns 4,962 shares of the game software company’s stock worth $444,000 after buying an additional 67 shares during the period. Finally, NEXT Financial Group Inc raised its holdings in shares of Electronic Arts by 0.6% in the second quarter. NEXT Financial Group Inc now owns 12,316 shares of the game software company’s stock worth $1,302,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.
In related news, CEO Andrew Wilson sold 9,059 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $105.91, for a total transaction of $959,438.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Blake J. Jorgensen sold 10,000 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $117.14, for a total transaction of $1,171,400.00. Following the transaction, the chief financial officer now owns 199,614 shares of the company’s stock, valued at approximately $23,382,783.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 195,097 shares of company stock valued at $23,019,378. Insiders own 2.55% of the company’s stock.
Several equities research analysts have recently weighed in on EA shares. Vetr upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating and set a $125.00 price target on the stock in a report on Tuesday, July 4th. BidaskClub downgraded Electronic Arts from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Benchmark Co. increased their price target on Electronic Arts from $114.00 to $131.00 and gave the stock a “buy” rating in a report on Tuesday, June 20th. Stifel Nicolaus reiterated a “buy” rating on shares of Electronic Arts in a report on Monday, July 17th. Finally, Zacks Investment Research downgraded Electronic Arts from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Four analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $117.01.
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Shares of Electronic Arts Inc. (NASDAQ:EA) opened at 119.42 on Friday. The firm has a market cap of $36.87 billion, a PE ratio of 31.97 and a beta of 0.68. Electronic Arts Inc. has a 52-week low of $73.74 and a 52-week high of $122.79. The stock has a 50 day moving average price of $118.08 and a 200-day moving average price of $105.34.
Electronic Arts (NASDAQ:EA) last issued its earnings results on Thursday, July 27th. The game software company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.22. The firm had revenue of $775.00 million during the quarter, compared to the consensus estimate of $768.47 million. Electronic Arts had a net margin of 23.31% and a return on equity of 29.77%. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 earnings per share. On average, equities analysts anticipate that Electronic Arts Inc. will post $4.24 EPS for the current fiscal year.
About Electronic Arts
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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