AIMZ Investment Advisors LLC lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,400 shares of the game software company’s stock after selling 100 shares during the quarter. AIMZ Investment Advisors LLC’s holdings in Electronic Arts were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. D. Scott Neal Inc. bought a new stake in shares of Electronic Arts during the 2nd quarter valued at about $120,000. Guardian Life Insurance Co. of America boosted 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 valued at $107,000 after acquiring an additional 34 shares during the last quarter. Invictus RG boosted 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 valued at $117,000 after acquiring an additional 1,148 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Electronic Arts by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock valued at $149,000 after acquiring an additional 1,063 shares during the last quarter. Finally, Captrust Financial Advisors bought a new stake in shares of Electronic Arts during the 2nd quarter valued at about $195,000. Institutional investors and hedge funds own 93.84% of the company’s stock.
Electronic Arts Inc. (EA) traded down 1.21% during midday trading on Wednesday, hitting $116.39. The company had a trading volume of 954,080 shares. The company has a market capitalization of $35.93 billion, a P/E ratio of 31.12 and a beta of 0.69. The stock has a 50 day moving average price of $118.61 and a 200 day moving average price of $109.17. Electronic Arts Inc. has a 52 week low of $73.74 and a 52 week high of $122.79.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Thursday, July 27th. The game software company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.22. Electronic Arts had a return on equity of 29.77% and a net margin of 23.31%. The firm had revenue of $775.00 million during the quarter, compared to analyst estimates of $768.47 million. During the same period last year, the company earned $0.07 EPS. Electronic Arts’s quarterly revenue was up 13.6% compared to the same quarter last year. Equities analysts forecast that Electronic Arts Inc. will post $4.25 earnings per share for the current fiscal year.
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A number of research firms recently weighed in on EA. SunTrust Banks, Inc. began coverage on Electronic Arts in a research report on Tuesday. They issued a “buy” rating and a $133.00 target price for the company. Stifel Nicolaus restated a “buy” rating and issued a $127.00 target price on shares of Electronic Arts in a research report on Friday, October 6th. Barclays PLC began coverage on Electronic Arts in a research report on Wednesday, October 4th. They issued an “overweight” rating and a $129.00 target price for the company. Morgan Stanley restated an “overweight” rating and issued a $128.00 target price (up previously from $126.00) on shares of Electronic Arts in a research report on Monday, October 2nd. Finally, Buckingham Research began coverage on Electronic Arts in a research report on Wednesday, September 20th. They issued a “buy” rating and a $143.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $121.38.
In other Electronic Arts news, CEO Andrew Wilson sold 10,058 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $117.00, for a total transaction of $1,176,786.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lawrence F. Probst III sold 68,072 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $118.83, for a total value of $8,088,995.76. Following the transaction, the director now owns 176,348 shares in the company, valued at $20,955,432.84. The disclosure for this sale can be found here. Insiders have sold a total of 207,096 shares of company stock valued at $24,570,436 over the last three months. 2.55% of the stock is owned by corporate insiders.
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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