Electronic Arts Inc. (EA) Shares Sold by Swiss National Bank
Swiss National Bank lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.0% during the third quarter, Holdings Channel reports. The firm owned 841,055 shares of the game software company’s stock after selling 25,900 shares during the period. Swiss National Bank’s holdings in Electronic Arts were worth $71,826,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. FMR LLC increased its stake in Electronic Arts by 13.6% in the second quarter. FMR LLC now owns 29,807,407 shares of the game software company’s stock worth $2,258,208,000 after buying an additional 3,570,117 shares during the period. JPMorgan Chase & Co. increased its stake in Electronic Arts by 46.3% in the third quarter. JPMorgan Chase & Co. now owns 7,478,959 shares of the game software company’s stock worth $639,284,000 after buying an additional 2,367,576 shares during the period. Lone Pine Capital LLC increased its stake in Electronic Arts by 86.1% in the second quarter. Lone Pine Capital LLC now owns 3,555,356 shares of the game software company’s stock worth $269,354,000 after buying an additional 1,644,713 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Electronic Arts by 30.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,818,390 shares of the game software company’s stock worth $365,042,000 after buying an additional 1,130,252 shares during the period. Finally, TimesSquare Capital Management LLC purchased a new stake in Electronic Arts during the second quarter worth $69,889,000. Institutional investors own 99.28% of the company’s stock.
Electronic Arts Inc. (NASDAQ:EA) opened at 81.37 on Wednesday. The firm has a market capitalization of $24.55 billion, a P/E ratio of 20.74 and a beta of 0.58. Electronic Arts Inc. has a 1-year low of $53.01 and a 1-year high of $86.07. The stock’s 50 day moving average is $80.53 and its 200-day moving average is $79.09.
Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, November 1st. The game software company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by $0.56. Electronic Arts had a return on equity of 23.03% and a net margin of 27.62%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business earned $0.65 EPS. Electronic Arts’s quarterly revenue was up 10.2% on a year-over-year basis. Analysts forecast that Electronic Arts Inc. will post $3.70 EPS for the current year.
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A number of equities research analysts have weighed in on EA shares. MKM Partners reaffirmed a “buy” rating and set a $95.00 price objective on shares of Electronic Arts in a report on Thursday, November 3rd. Morgan Stanley reissued an “overweight” rating and issued a $101.00 target price on shares of Electronic Arts in a report on Thursday, November 3rd. Vetr downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $93.33 target price on the stock. in a report on Tuesday, October 18th. Bank of America Corp. downgraded Electronic Arts from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $86.07 to $53.01 in a report on Monday, October 24th. Finally, Cowen and Company reissued an “outperform” rating and issued a $83.00 target price on shares of Electronic Arts in a report on Tuesday, August 23rd. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Electronic Arts currently has an average rating of “Buy” and a consensus price target of $89.11.
In other news, EVP Peter R. Moore sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $83.81, for a total transaction of $838,100.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Samantha S. Smith sold 2,721 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $76.78, for a total transaction of $208,918.38. The disclosure for this sale can be found here. Corporate insiders own 3.46% of the company’s stock.
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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