Public Employees Retirement System of Ohio boosted its position in Electronic Arts Inc. (NASDAQ:EA) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 212,543 shares of the game software company’s stock after buying an additional 640 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.07% of Electronic Arts worth $29,973,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Egerton Capital UK LLP raised its holdings in shares of Electronic Arts by 79.8% during the second 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 period. Brown Advisory Inc. raised its holdings in shares of Electronic Arts by 46.7% during the first 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 period. Winslow Capital Management LLC raised its holdings in shares of Electronic Arts by 18.5% during the second 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 period. Carmignac Gestion acquired a new position in shares of Electronic Arts during the first quarter valued at about $288,674,000. Finally, Standard Life Aberdeen plc increased its position in shares of Electronic Arts by 12.6% during the second quarter. Standard Life Aberdeen plc now owns 1,891,538 shares of the game software company’s stock worth $266,765,000 after acquiring an additional 210,930 shares in the last quarter. Institutional investors and hedge funds own 92.93% of the company’s stock.
Several equities research analysts have recently commented on EA shares. Zacks Investment Research downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. Barclays set a $132.00 price objective on shares of Electronic Arts and gave the stock a “buy” rating in a research report on Wednesday, September 5th. Piper Jaffray Companies reduced their price objective on shares of Electronic Arts from $165.00 to $148.00 and set an “overweight” rating for the company in a research report on Thursday, August 30th. Needham & Company LLC reduced their price objective on shares of Electronic Arts from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, August 31st. Finally, Stifel Nicolaus reduced their price objective on shares of Electronic Arts from $159.00 to $140.00 and set a “buy” rating for the company in a research report 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 issued a buy rating and one has given a strong buy rating to the stock. Electronic Arts currently has a consensus rating of “Buy” and a consensus price target of $142.38.
In other Electronic Arts news, CEO Andrew Wilson sold 29,000 shares of the stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $117.56, for a total value of $3,409,240.00. Following the sale, the chief executive officer now directly owns 20,000 shares in the company, valued at approximately $2,351,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Friday, July 20th. The stock was sold at an average price of $148.19, for a total transaction of $148,190.00. Following the completion of the sale, the general counsel now owns 19,930 shares in the company, valued at $2,953,426.70. The disclosure for this sale can be found here. Insiders sold a total of 128,750 shares of company stock worth $15,429,740 over the last quarter. Corporate insiders own 2.24% of the company’s stock.
Shares of EA stock traded up $2.50 during trading on Friday, reaching $106.10. 5,189,354 shares of the company’s stock traded hands, compared to its average volume of 3,744,535. The stock has a market capitalization of $36.73 billion, a P/E ratio of 30.84, a PEG ratio of 2.07 and a beta of 0.58. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.19. Electronic Arts Inc. has a 1 year low of $99.63 and a 1 year high of $151.26.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Thursday, July 26th. The game software company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.19. Electronic Arts had a net margin of 14.30% and a return on equity of 25.31%. The company had revenue of $749.00 million for the quarter, compared to analysts’ expectations of $742.86 million. During the same period in the prior year, the company posted $2.06 EPS. Electronic Arts’s revenue was down 3.4% compared to the same quarter last year. On average, equities analysts predict that Electronic Arts Inc. will post 3.89 EPS for the current year.
Electronic Arts Company Profile
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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