Cetera Advisor Networks LLC lowered its position in Electronic Arts Inc. (NASDAQ:EA) by 12.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,956 shares of the game software company’s stock after selling 730 shares during the period. Cetera Advisor Networks LLC’s holdings in Electronic Arts were worth $522,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in Electronic Arts by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 4,203,946 shares of the game software company’s stock worth $496,317,000 after acquiring an additional 25,397 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Electronic Arts by 6.3% in the fourth quarter. American Century Companies Inc. now owns 2,883,283 shares of the game software company’s stock valued at $302,918,000 after purchasing an additional 171,179 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Electronic Arts by 16.7% in the third quarter. Wells Fargo & Company MN now owns 1,886,592 shares of the game software company’s stock valued at $222,730,000 after purchasing an additional 269,834 shares in the last quarter. Egerton Capital UK LLP bought a new position in shares of Electronic Arts in the fourth quarter valued at approximately $184,412,000. Finally, Nordea Investment Management AB lifted its holdings in shares of Electronic Arts by 2.9% in the third quarter. Nordea Investment Management AB now owns 1,618,094 shares of the game software company’s stock valued at $191,032,000 after purchasing an additional 45,446 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.
In other Electronic Arts news, CFO Blake J. Jorgensen sold 10,500 shares of Electronic Arts stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $112.85, for a total transaction of $1,184,925.00. Following the completion of the sale, the chief financial officer now owns 159,114 shares of the company’s stock, valued at $17,956,014.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $107.50, for a total value of $107,500.00. Following the sale, the senior vice president now directly owns 18,950 shares of the company’s stock, valued at approximately $2,037,125. The disclosure for this sale can be found here. Insiders have sold 81,279 shares of company stock valued at $9,809,588 in the last three months. 2.55% of the stock is owned by corporate insiders.
Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, January 30th. The game software company reported $2.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.03. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.02 billion. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%. equities analysts predict that Electronic Arts Inc. will post 3.66 earnings per share for the current year.
EA has been the topic of a number of recent research reports. Vetr lowered Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 target price on the stock. in a report on Monday, December 18th. Goldman Sachs Group lowered Electronic Arts from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, December 12th. KeyCorp reaffirmed a “buy” rating and set a $134.00 price target on shares of Electronic Arts in a research report on Sunday, November 19th. Buckingham Research set a $143.00 price target on Electronic Arts and gave the company a “buy” rating in a research report on Sunday, November 19th. Finally, Oppenheimer reaffirmed a “buy” rating on shares of Electronic Arts in a research report on Friday, November 17th. Seven research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $132.81.
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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.
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