GSA Capital Partners LLP reduced its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 52.5% during the second quarter, Holdings Channel reports. The fund owned 4,624 shares of the game software company’s stock after selling 5,105 shares during the period. GSA Capital Partners LLP’s holdings in Electronic Arts were worth $350,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Electronic Arts during the second quarter worth approximately $168,000. Private Trust Co. NA purchased a new stake in Electronic Arts during the second quarter worth approximately $264,000. Checchi Capital Advisers LLC raised its stake in Electronic Arts by 2.1% in the second quarter. Checchi Capital Advisers LLC now owns 3,562 shares of the game software company’s stock worth $270,000 after buying an additional 74 shares in the last quarter. Acadian Asset Management LLC raised its stake in Electronic Arts by 35.9% in the second quarter. Acadian Asset Management LLC now owns 3,772 shares of the game software company’s stock worth $285,000 after buying an additional 996 shares in the last quarter. Finally, BKD Wealth Advisors LLC raised its stake in Electronic Arts by 17.1% in the second quarter. BKD Wealth Advisors LLC now owns 3,869 shares of the game software company’s stock worth $293,000 after buying an additional 564 shares in the last quarter.
Shares of Electronic Arts Inc. (NASDAQ:EA) traded up 1.31% on Friday, hitting $84.26. The company’s stock had a trading volume of 2,644,404 shares. The stock’s 50-day moving average price is $81.27 and its 200-day moving average price is $73.59. The firm has a market cap of $25.34 billion, a price-to-earnings ratio of 23.74 and a beta of 0.72. Electronic Arts Inc. has a 52 week low of $53.01 and a 52 week high of $84.50.
Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, August 2nd. The game software company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.09. The firm earned $682 million during the quarter, compared to the consensus estimate of $652.64 million. Electronic Arts had a return on equity of 24.97% and a net margin of 25.85%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 EPS. Equities analysts expect that Electronic Arts Inc. will post $3.63 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on the stock. Vetr raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $84.80 price target for the company in a research report on Monday, August 29th. Stifel Nicolaus increased their price objective on Electronic Arts from $83.00 to $87.00 and gave the stock a “buy” rating in a report on Monday, September 12th. Macquarie restated an “outperform” rating and issued a $80.00 price objective on shares of Electronic Arts in a report on Friday, July 22nd. Zacks Investment Research downgraded Electronic Arts from a “buy” rating to a “hold” rating in a report on Friday, July 1st. Finally, Bank of America Corp. restated a “buy” rating on shares of Electronic Arts in a report on Friday, September 16th. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Electronic Arts currently has an average rating of “Buy” and a consensus price target of $88.04.
In related news, EVP Peter R. Moore sold 30,798 shares of the company’s stock in a transaction on Monday, June 27th. The stock was sold at an average price of $71.70, for a total transaction of $2,208,216.60. Following the completion of the sale, the executive vice president now directly owns 150,530 shares in the company, valued at approximately $10,793,001. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Blake J. Jorgensen sold 10,100 shares of the company’s stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $83.21, for a total value of $840,421.00. Following the sale, the chief financial officer now owns 113,410 shares of the company’s stock, valued at $9,436,846.10. The disclosure for this sale can be found here. Insiders own 3.46% of the company’s stock.
Electronic Arts Company Profile
Electronic Arts Inc is a game software content and services provider. The Company develops, markets, publishes and distributes game software content for consumers of various video game machines and electronic devices. It also provides game software-related services. The Company’s brands include Battlefield, Mass Effect, Need for Speed, Dragon Age, The Sims, Bejeweled and Plants v.
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