WINTON GROUP Ltd grew its stake in Electronic Arts Inc. (NASDAQ:EA) by 21.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,093 shares of the game software company’s stock after acquiring an additional 23,243 shares during the quarter. WINTON GROUP Ltd’s holdings in Electronic Arts were worth $10,345,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. BlackRock Inc. raised its stake in Electronic Arts by 0.5% during the 3rd quarter. BlackRock Inc. now owns 22,521,875 shares of the game software company’s stock valued at $2,713,662,000 after acquiring an additional 111,709 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Electronic Arts by 31.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,697,249 shares of the game software company’s stock valued at $1,168,422,000 after acquiring an additional 2,339,158 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Electronic Arts by 3.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,061,892 shares of the game software company’s stock valued at $489,417,000 after acquiring an additional 145,570 shares in the last quarter. Brown Advisory Inc. raised its stake in Electronic Arts by 25.4% during the 3rd quarter. Brown Advisory Inc. now owns 3,666,061 shares of the game software company’s stock valued at $441,724,000 after acquiring an additional 742,742 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Electronic Arts by 1.0% during the 3rd quarter. American Century Companies Inc. now owns 2,936,888 shares of the game software company’s stock valued at $353,866,000 after purchasing an additional 28,127 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.
In other news, insider Chris Bruzzo sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $102.11, for a total value of $1,225,320.00. Following the transaction, the insider now directly owns 41,076 shares of the company’s stock, valued at approximately $4,194,270.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $102.38, for a total value of $102,380.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,633 shares of company stock worth $6,055,811. Corporate insiders own 2.24% of the company’s stock.
EA traded down $1.00 on Friday, hitting $98.36. 7,343,772 shares of the stock traded hands, compared to its average volume of 8,633,803. Electronic Arts Inc. has a 52 week low of $73.91 and a 52 week high of $151.26. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $29.47 billion, a price-to-earnings ratio of 28.59, a P/E/G ratio of 2.04 and a beta of 1.20.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 5th. The game software company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.12. Electronic Arts had a return on equity of 23.21% and a net margin of 26.77%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the company posted ($0.60) earnings per share. The company’s quarterly revenue was down 18.4% compared to the same quarter last year. Equities research analysts expect that Electronic Arts Inc. will post 3.14 EPS for the current year.
Several equities analysts have recently issued reports on EA shares. Bank of America upgraded Electronic Arts from a “neutral” rating to a “buy” rating and lifted their price target for the company from $95.00 to $110.00 in a research report on Monday, February 11th. ValuEngine upgraded Electronic Arts from a “sell” rating to a “hold” rating in a report on Thursday, December 6th. Buckingham Research cut Electronic Arts from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $90.00 to $103.00 in a report on Monday, February 11th. Jefferies Financial Group cut Electronic Arts from a “buy” rating to a “hold” rating and decreased their target price for the stock from $139.00 to $95.00 in a report on Thursday, January 17th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $96.00 price target on shares of Electronic Arts in a report on Thursday, February 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $114.04.
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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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