Calamos Advisors LLC acquired a new position in shares of 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 acquired 2,160 shares of the game software company’s stock, valued at approximately $228,000.
Several other hedge funds have also made changes to their positions in EA. Guardian Life Insurance Co. of America lifted its position in shares of Electronic Arts by 2.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock worth $107,000 after buying an additional 34 shares during the last quarter. Invictus RG lifted its position in shares of Electronic Arts by 722.0% during the 1st quarter. Invictus RG now owns 1,307 shares of the game software company’s stock worth $117,000 after buying an additional 1,148 shares during the last quarter. D. Scott Neal Inc. bought a new stake in shares of Electronic Arts during the 2nd quarter worth $120,000. Commerce Bank bought a new stake in shares of Electronic Arts during the 1st quarter worth $203,000. Finally, Intrust Bank NA bought a new stake in shares of Electronic Arts during the 1st quarter worth $204,000. Institutional investors and hedge funds own 93.89% of the company’s stock.
Several analysts recently weighed in on the company. Jefferies Group LLC restated a “buy” rating and set a $135.00 price objective on shares of Electronic Arts in a research report on Thursday, August 31st. BidaskClub upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Cowen and Company reiterated a “hold” rating and issued a $106.00 target price on shares of Electronic Arts in a research report on Friday. Goldman Sachs Group, Inc. (The) began coverage on Electronic Arts in a research report on Friday. They issued a “buy” rating and a $136.00 target price for the company. Finally, Zacks Investment Research downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $116.77.
Shares of Electronic Arts Inc. (NASDAQ EA) opened at 118.28 on Friday. The firm has a market cap of $36.52 billion, a PE ratio of 31.67 and a beta of 0.68. The company’s 50-day moving average price is $117.38 and its 200 day moving average price is $104.16. Electronic Arts Inc. has a 1-year low of $73.74 and a 1-year high of $122.79.
Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Thursday, July 27th. The game software company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.22. The business had revenue of $775 million during the quarter, compared to analyst estimates of $768.47 million. Electronic Arts had a return on equity of 29.77% and a net margin of 23.31%. Electronic Arts’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 EPS. On average, analysts predict that Electronic Arts Inc. will post $4.24 EPS for the current year.
In other Electronic Arts news, CEO Andrew Wilson sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $111.31, for a total transaction of $11,131,000.00. Following the transaction, the chief executive officer now owns 100,000 shares in the company, valued at approximately $11,131,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lawrence F. Probst III sold 55,850 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $121.18, for a total value of $6,767,903.00. Following the transaction, the director now owns 171,123 shares in the company, valued at approximately $20,736,685.14. The disclosure for this sale can be found here. Insiders have sold a total of 345,097 shares of company stock worth $39,623,978 in the last quarter. Company insiders own 2.55% of the company’s stock.
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Electronic Arts Company Profile
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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