Harvest Fund Management Co. Ltd maintained its stake in Electronic Arts Inc. (NASDAQ:EA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,495 shares of the game software company’s stock at the close of the second quarter. Harvest Fund Management Co. Ltd’s holdings in Electronic Arts were worth $158,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Guardian Life Insurance Co. of America increased its holdings in shares of Electronic Arts by 2.9% in 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. Invictus RG increased its holdings in shares of Electronic Arts by 722.0% in the 1st quarter. Invictus RG now owns 1,307 shares of the game software company’s stock valued at $117,000 after acquiring an additional 1,148 shares during the period. D. Scott Neal Inc. purchased a new position in shares of Electronic Arts in the 2nd quarter valued at $120,000. Captrust Financial Advisors purchased a new position in shares of Electronic Arts in the 2nd quarter valued at $195,000. Finally, Commerce Bank purchased a new position in shares of Electronic Arts in the 1st quarter valued at $203,000. Institutional investors and hedge funds own 93.84% of the company’s stock.
In other news, EVP Joel Linzner sold 4,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $116.96, for a total transaction of $467,840.00. Following the completion of the sale, the executive vice president now owns 18,089 shares in the company, valued at $2,115,689.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Chris Bruzzo sold 1,500 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $105.98, for a total transaction of $158,970.00. Following the sale, the executive vice president now owns 33,345 shares of the company’s stock, valued at approximately $3,533,903.10. The disclosure for this sale can be found here. Insiders have sold 195,097 shares of company stock valued at $23,019,378 in the last quarter. Insiders own 2.55% of the company’s stock.
EA has been the topic of a number of analyst reports. BidaskClub upgraded Electronic Arts from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Needham & Company LLC initiated coverage on Electronic Arts in a report on Monday, July 17th. They issued a “buy” rating and a $130.00 price target on the stock. Stifel Nicolaus reiterated a “buy” rating on shares of Electronic Arts in a report on Monday, July 17th. Benchmark Co. lifted their price target on Electronic Arts from $114.00 to $131.00 and gave the company a “buy” rating in a report on Tuesday, June 20th. Finally, Mizuho reiterated a “buy” rating and issued a $115.00 price target on shares of Electronic Arts in a report on Monday, June 12th. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $117.01.
Electronic Arts Inc. (NASDAQ:EA) traded up 1.017% during trading on Monday, hitting $120.635. The company’s stock had a trading volume of 228,396 shares. The company has a 50-day moving average of $118.08 and a 200 day moving average of $105.34. The firm has a market cap of $37.24 billion, a PE ratio of 32.299 and a beta of 0.68. Electronic Arts Inc. has a one year low of $73.74 and a one year high of $122.79.
Electronic Arts (NASDAQ:EA) last released its quarterly earnings data 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 the consensus estimate of $768.47 million. During the same quarter in the prior year, the firm posted $0.07 earnings per share. Electronic Arts’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, equities analysts forecast that Electronic Arts Inc. will post $4.24 earnings per share for the current year.
Electronic Arts Company 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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