HL Financial Services LLC Has $6.36 Million Position in Electronic Arts Inc. (NASDAQ:EA)

HL Financial Services LLC raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,126 shares of the game software company’s stock after buying an additional 56 shares during the period. HL Financial Services LLC’s holdings in Electronic Arts were worth $6,357,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Guardian Life Insurance Co. of America raised its stake in Electronic Arts by 2.9% in 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 buying an additional 34 shares during the period. Invictus RG raised its stake in Electronic Arts by 722.0% in the first quarter. Invictus RG now owns 1,307 shares of the game software company’s stock valued at $117,000 after buying an additional 1,148 shares during the period. D. Scott Neal Inc. purchased a new stake in Electronic Arts during the second quarter valued at $120,000. Commerce Bank purchased a new stake in Electronic Arts during the first quarter valued at $203,000. Finally, Intrust Bank NA purchased a new stake in Electronic Arts during the first quarter valued at $204,000. Institutional investors and hedge funds own 98.02% of the company’s stock.

Shares of Electronic Arts Inc. (NASDAQ EA) opened at 116.96 on Tuesday. Electronic Arts Inc. has a one year low of $73.74 and a one year high of $120.25. The company’s 50 day moving average is $111.06 and its 200-day moving average is $97.77. The firm has a market capitalization of $36.14 billion, a price-to-earnings ratio of 31.31 and a beta of 0.72.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Thursday, July 27th. The game software company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.22. Electronic Arts had a net margin of 23.31% and a return on equity of 29.77%. The firm had revenue of $775 million for the quarter, compared to the consensus estimate of $768.47 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The business’s revenue was up 13.6% on a year-over-year basis. Equities analysts expect that Electronic Arts Inc. will post $4.24 EPS for the current year.

Electronic Arts announced that its board has initiated a stock buyback program on Tuesday, May 9th that permits the company to repurchase $1.20 billion in shares. This repurchase authorization permits the game software company to buy up to 45% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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Several equities research analysts have weighed in on the stock. UBS AG reiterated a “buy” rating and issued a $112.00 target price (up from $96.00) on shares of Electronic Arts in a report on Thursday, May 11th. KeyCorp reiterated a “buy” rating on shares of Electronic Arts in a report on Sunday, July 30th. Wedbush reiterated a “buy” rating on shares of Electronic Arts in a report on Friday, July 28th. Bank of America Corporation upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $131.00 target price on the stock in a report on Wednesday, July 26th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $106.00 target price (up from $90.00) on shares of Electronic Arts in a report on Sunday, July 30th. Five investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $115.19.

In other Electronic Arts news, SVP Jacob J. Schatz sold 2,200 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $107.22, for a total transaction of $235,884.00. Following the transaction, the senior vice president now owns 22,935 shares in the company, valued at $2,459,090.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 10,965 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $108.00, for a total transaction of $1,184,220.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 341,915 shares of company stock worth $37,562,227. Corporate insiders own 2.55% of the company’s stock.

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.

Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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