Jafra Capital Management LP Purchases Shares of 21,000 Electronic Arts Inc. (EA)

Jafra Capital Management LP purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,000 shares of the game software company’s stock, valued at approximately $2,961,000. Electronic Arts accounts for approximately 1.0% of Jafra Capital Management LP’s portfolio, making the stock its 27th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Electronic Arts by 6.7% in the 1st quarter. BlackRock Inc. now owns 22,724,888 shares of the game software company’s stock valued at $2,755,165,000 after purchasing an additional 1,427,595 shares during the last quarter. Egerton Capital UK LLP boosted its stake in shares of Electronic Arts by 79.8% in the 2nd quarter. Egerton Capital UK LLP now owns 4,041,717 shares of the game software company’s stock valued at $569,963,000 after purchasing an additional 1,794,024 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of Electronic Arts by 46.7% in the 1st quarter. Brown Advisory Inc. now owns 3,076,162 shares of the game software company’s stock valued at $373,023,000 after purchasing an additional 979,229 shares during the last quarter. Winslow Capital Management LLC boosted its stake in shares of Electronic Arts by 18.5% in the 2nd quarter. Winslow Capital Management LLC now owns 2,888,223 shares of the game software company’s stock valued at $407,298,000 after purchasing an additional 450,216 shares during the last quarter. Finally, Carmignac Gestion bought a new stake in shares of Electronic Arts in the 1st quarter valued at $288,674,000. Hedge funds and other institutional investors own 92.93% of the company’s stock.

NASDAQ EA traded down $0.28 during trading hours on Friday, reaching $113.73. 3,571,426 shares of the company were exchanged, compared to its average volume of 3,690,664. Electronic Arts Inc. has a 1 year low of $99.63 and a 1 year high of $151.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.84 and a current ratio of 3.84. The company has a market capitalization of $36.73 billion, a PE ratio of 33.06, a price-to-earnings-growth ratio of 2.07 and a beta of 0.58.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Thursday, July 26th. The game software company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.19. The business had revenue of $749.00 million during the quarter, compared to the consensus estimate of $742.86 million. Electronic Arts had a net margin of 14.30% and a return on equity of 25.31%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.06 earnings per share. As a group, analysts forecast that Electronic Arts Inc. will post 3.89 EPS for the current fiscal year.

In other news, insider Chris Bruzzo sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $128.47, for a total value of $192,705.00. Following the completion of the transaction, the insider now directly owns 57,964 shares in the company, valued at $7,446,635.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lawrence F. Probst III sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $111.34, for a total transaction of $278,350.00. Following the completion of the transaction, the director now owns 112,338 shares of the company’s stock, valued at $12,507,712.92. The disclosure for this sale can be found here. Insiders have sold 128,750 shares of company stock valued at $15,429,740 in the last quarter. Company insiders own 2.24% of the company’s stock.

Several research analysts recently issued reports on the stock. BidaskClub lowered shares of Electronic Arts from a “hold” rating to a “sell” rating in a research note on Saturday. Berenberg Bank assumed coverage on shares of Electronic Arts in a research note on Friday. They set a “buy” rating and a $145.00 target price on the stock. Buckingham Research assumed coverage on shares of Electronic Arts in a research note on Thursday. They set a “buy” rating and a $143.00 target price on the stock. Zacks Investment Research lowered shares of Electronic Arts from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Finally, Stifel Nicolaus cut their target price on shares of Electronic Arts from $159.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, September 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $142.38.

About Electronic Arts

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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