CENTRAL TRUST Co Has $466,000 Position in Electronic Arts Inc. (EA)

CENTRAL TRUST Co lifted its position in Electronic Arts Inc. (NASDAQ:EA) by 5,991.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,909 shares of the game software company’s stock after purchasing an additional 5,812 shares during the period. CENTRAL TRUST Co’s holdings in Electronic Arts were worth $466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Columbus Hill Capital Management L.P. acquired a new position in shares of Electronic Arts in the 3rd quarter valued at $1,205,000. Bank of New York Mellon Corp lifted its stake in shares of Electronic Arts by 3.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,061,892 shares of the game software company’s stock valued at $489,417,000 after purchasing an additional 145,570 shares during the period. Allen Investment Management LLC lifted its stake in shares of Electronic Arts by 67.6% in the 3rd quarter. Allen Investment Management LLC now owns 18,417 shares of the game software company’s stock valued at $2,219,000 after purchasing an additional 7,427 shares during the period. Morgan Stanley lifted its stake in shares of Electronic Arts by 95.2% in the 3rd quarter. Morgan Stanley now owns 621,359 shares of the game software company’s stock valued at $74,868,000 after purchasing an additional 302,980 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Electronic Arts by 27.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 16,464 shares of the game software company’s stock valued at $1,984,000 after purchasing an additional 3,580 shares during the period. Hedge funds and other institutional investors own 94.78% of the company’s stock.

Electronic Arts stock opened at $90.70 on Friday. Electronic Arts Inc. has a 52-week low of $73.91 and a 52-week high of $151.26. The firm has a market cap of $26.86 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 1.53 and a beta of 1.00. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.19.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, October 30th. The game software company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.46. Electronic Arts had a net margin of 18.76% and a return on equity of 26.01%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the firm earned $0.62 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities research analysts anticipate that Electronic Arts Inc. will post 3.87 EPS for the current fiscal year.

In related news, insider Laura Miele sold 1,250 shares of the company’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $93.83, for a total value of $117,287.50. Following the completion of the sale, the insider now owns 10,961 shares of the company’s stock, valued at $1,028,470.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Monday, October 22nd. The shares were sold at an average price of $102.81, for a total transaction of $102,810.00. Following the completion of the sale, the general counsel now directly owns 17,029 shares of the company’s stock, valued at approximately $1,750,751.49. The disclosure for this sale can be found here. Insiders sold 51,700 shares of company stock valued at $4,525,011 in the last three months. 2.24% of the stock is currently owned by insiders.

Several equities analysts recently issued reports on the stock. SunTrust Banks set a $105.00 target price on shares of Electronic Arts and gave the company a “buy” rating in a research note on Tuesday. Credit Suisse Group cut their price target on shares of Electronic Arts from $127.00 to $126.00 and set an “outperform” rating for the company in a report on Wednesday, October 31st. Piper Jaffray Companies cut their price target on shares of Electronic Arts from $148.00 to $105.00 and set an “overweight” rating for the company in a report on Monday, December 10th. ValuEngine lowered shares of Electronic Arts from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Finally, Wedbush set a $158.00 price target on shares of Electronic Arts and gave the stock a “buy” rating in a report on Tuesday, October 23rd. Seven analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $131.36.

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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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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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