World Asset Management Inc increased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,505 shares of the game software company’s stock after purchasing an additional 377 shares during the quarter. World Asset Management Inc’s holdings in Electronic Arts were worth $2,084,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of EA. Penserra Capital Management LLC acquired a new stake in Electronic Arts in the fourth quarter valued at approximately $28,000. Baystate Wealth Management LLC lifted its stake in Electronic Arts by 373.1% in the fourth quarter. Baystate Wealth Management LLC now owns 317 shares of the game software company’s stock valued at $29,000 after acquiring an additional 250 shares during the last quarter. North Star Investment Management Corp. bought a new position in shares of Electronic Arts in the first quarter valued at approximately $29,000. Oregon Public Employees Retirement Fund raised its position in shares of Electronic Arts by 7,694.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,624,704 shares of the game software company’s stock valued at $33,000 after purchasing an additional 2,591,032 shares during the period. Finally, Ropes Wealth Advisors LLC bought a new position in shares of Electronic Arts in the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 93.01% of the company’s stock.
In other news, General Counsel Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Wednesday, February 20th. The stock was 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 can be accessed through the SEC website. Also, CEO Andrew Wilson sold 9,000 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $91.77, for a total value of $825,930.00. The disclosure for this sale can be found here. Insiders have sold a total of 82,500 shares of company stock valued at $8,266,003 over the last three months. Company insiders own 2.24% of the company’s stock.
Shares of NASDAQ:EA opened at $94.47 on Monday. The stock has a market cap of $28.30 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 1.56 and a beta of 1.19. Electronic Arts Inc. has a 1-year low of $73.91 and a 1-year high of $151.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.99 and a quick ratio of 2.99.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 5th. The game software company reported $1.87 earnings per share for the quarter, topping the Thomson Reuters’ 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 return on equity of 23.21% and a net margin of 26.77%. The company’s quarterly revenue was down 18.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.60) EPS. As a group, sell-side analysts expect that Electronic Arts Inc. will post 3.18 EPS for the current year.
A number of equities analysts recently issued reports on the stock. Robert W. Baird dropped their target price on shares of Electronic Arts from $154.00 to $90.00 in a research report on Wednesday, February 6th. Benchmark lowered their price target on shares of Electronic Arts from $153.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, February 6th. They noted that the move was a valuation call. MKM Partners lowered their price target on shares of Electronic Arts to $112.00 and set a “buy” rating on the stock in a report on Wednesday, January 30th. Wedbush reissued a “buy” rating and issued a $111.00 price target (down previously from $133.00) on shares of Electronic Arts in a report on Wednesday, January 30th. Finally, SunTrust Banks set a $105.00 price target on shares of Electronic Arts and gave the company a “buy” rating in a report on Tuesday, January 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $112.04.
About Electronic Arts
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.
Recommended Story: What are the risks of holding treasury bonds?
Want to see what other hedge funds are holding EA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronic Arts Inc. (NASDAQ:EA).
Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.