Janus Henderson Group PLC boosted its position in Electronic Arts Inc. (NASDAQ:EA) by 65.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,425,278 shares of the game software company’s stock after purchasing an additional 561,322 shares during the period. Janus Henderson Group PLC owned about 0.46% of Electronic Arts worth $150,688,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of EA. Guardian Life Insurance Co. of America grew 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 period. ProVise Management Group LLC grew its position in shares of Electronic Arts by 0.8% during the 2nd quarter. ProVise Management Group LLC now owns 4,324 shares of the game software company’s stock valued at $458,000 after acquiring an additional 36 shares during the period. NEXT Financial Group Inc grew its position in shares of Electronic Arts by 0.6% during the 2nd quarter. NEXT Financial Group Inc now owns 12,316 shares of the game software company’s stock valued at $1,302,000 after acquiring an additional 70 shares during the period. Marietta Investment Partners LLC grew its position in shares of Electronic Arts by 2.1% during the 1st quarter. Marietta Investment Partners LLC now owns 4,966 shares of the game software company’s stock valued at $445,000 after acquiring an additional 100 shares during the period. Finally, Veritable L.P. grew its position in shares of Electronic Arts by 1.5% during the 2nd quarter. Veritable L.P. now owns 7,443 shares of the game software company’s stock valued at $787,000 after acquiring an additional 113 shares during the period. 93.84% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on EA shares. Needham & Company LLC started coverage on shares of Electronic Arts in a research report on Monday, July 17th. They set a “buy” rating and a $130.00 target price for the company. Jefferies Group LLC reissued a “buy” rating and set a $135.00 target price (up from $123.00) on shares of Electronic Arts in a research report on Friday, July 28th. Bank of America Corporation raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $131.00 target price for the company in a research report on Wednesday, July 26th. BidaskClub raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Oppenheimer Holdings, Inc. set a $130.00 target price on shares of Electronic Arts and gave the company a “buy” rating in a research report on Friday, July 28th. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $120.93.
Electronic Arts Inc. (EA) traded up 0.48% during trading on Friday, hitting $120.09. 1,912,895 shares of the company traded hands. The company’s 50 day moving average is $118.53 and its 200-day moving average is $108.45. Electronic Arts Inc. has a 52 week low of $73.74 and a 52 week high of $122.79. The stock has a market capitalization of $37.08 billion, a PE ratio of 32.15 and a beta of 0.69.
Electronic Arts (NASDAQ:EA) last announced its earnings results on Thursday, July 27th. The game software company reported $0.36 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $775.00 million during the quarter, compared to analyst estimates of $768.47 million. During the same period in the previous year, the business posted $0.07 earnings per share. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. Analysts predict that Electronic Arts Inc. will post $4.25 earnings per share for the current year.
In other news, CEO Andrew Wilson sold 10,058 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $117.00, for a total value of $1,176,786.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Blake J. Jorgensen sold 10,000 shares of the business’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $111.01, for a total transaction of $1,110,100.00. Following the completion of the transaction, the chief financial officer now directly owns 219,614 shares in the company, valued at approximately $24,379,350.14. The disclosure for this sale can be found here. Insiders have sold 207,096 shares of company stock worth $24,570,436 in the last ninety days. Insiders own 2.55% of the company’s stock.
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Electronic Arts 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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