Caxton Associates LP trimmed its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 96.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,551 shares of the game software company’s stock after selling 180,949 shares during the quarter. Caxton Associates LP’s holdings in Electronic Arts were worth $517,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in EA. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Electronic Arts in the fourth quarter worth approximately $947,000. Intermede Investment Partners Ltd grew its position in Electronic Arts by 21.3% during the fourth quarter. Intermede Investment Partners Ltd now owns 495,663 shares of the game software company’s stock valued at $39,113,000 after purchasing an additional 87,058 shares in the last quarter. QS Investors LLC grew its position in Electronic Arts by 43.3% during the fourth quarter. QS Investors LLC now owns 10,585 shares of the game software company’s stock valued at $836,000 after purchasing an additional 3,200 shares in the last quarter. Accuvest Global Advisors purchased a new position in Electronic Arts during the fourth quarter valued at approximately $292,000. Finally, MUFG Securities EMEA plc grew its position in Electronic Arts by 6,323.8% during the fourth quarter. MUFG Securities EMEA plc now owns 530,800 shares of the game software company’s stock valued at $41,885,000 after purchasing an additional 522,537 shares in the last quarter. Institutional investors own 91.85% of the company’s stock.
NASDAQ EA opened at $98.98 on Friday. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $30.00 billion, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 1.90 and a beta of 1.18. Electronic Arts Inc. has a 12-month low of $73.91 and a 12-month high of $151.26.
Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, February 5th. The game software company reported $1.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.12. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Electronic Arts had a net margin of 26.77% and a return on equity of 23.21%. The company’s revenue was down 18.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.60) earnings per share. As a group, analysts anticipate that Electronic Arts Inc. will post 3.14 EPS for the current fiscal year.
In other news, General Counsel Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $102.38, for a total value of $102,380.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris Bruzzo sold 12,000 shares of the business’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $102.11, for a total transaction of $1,225,320.00. Following the completion of the sale, the insider now owns 41,076 shares of the company’s stock, valued at $4,194,270.36. The disclosure for this sale can be found here. Insiders sold 59,750 shares of company stock valued at $5,685,520 over the last 90 days. 2.24% of the stock is owned by corporate insiders.
A number of brokerages recently commented on EA. SunTrust Banks boosted their price objective on shares of Electronic Arts to $107.00 and gave the company a “buy” rating in a research report on Friday, March 8th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $111.00 price objective on shares of Electronic Arts in a research report on Thursday, February 21st. Bank of America boosted their price objective on shares of Electronic Arts from $110.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, February 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $109.00 price objective on shares of Electronic Arts in a research report on Thursday, February 14th. Finally, BMO Capital Markets boosted their price objective on shares of Electronic Arts from $96.00 to $116.00 and gave the company an “outperform” rating in a research report on Wednesday, February 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Electronic Arts has an average rating of “Buy” and a consensus price target of $114.04.
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Electronic Arts Profile
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.
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