Electronic Arts Inc. (EA) Stake Increased by Dupont Capital Management Corp

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Dupont Capital Management Corp lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 26.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,126 shares of the game software company’s stock after buying an additional 3,421 shares during the period. Dupont Capital Management Corp’s holdings in Electronic Arts were worth $1,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its holdings in Electronic Arts by 31.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,697,249 shares of the game software company’s stock valued at $1,168,422,000 after purchasing an additional 2,339,158 shares during the last quarter. Capital Research Global Investors acquired a new stake in Electronic Arts in the 3rd quarter valued at approximately $91,323,000. Brown Advisory Inc. increased its holdings in Electronic Arts by 25.4% in the 3rd quarter. Brown Advisory Inc. now owns 3,666,061 shares of the game software company’s stock valued at $441,724,000 after purchasing an additional 742,742 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in Electronic Arts in the 3rd quarter valued at approximately $66,023,000. Finally, Franklin Resources Inc. increased its holdings in Electronic Arts by 28.4% in the 3rd quarter. Franklin Resources Inc. now owns 2,348,145 shares of the game software company’s stock valued at $282,921,000 after purchasing an additional 519,708 shares during the last quarter. Institutional investors and hedge funds own 95.84% of the company’s stock.

EA has been the subject of several research reports. Robert W. Baird dropped their target price on shares of Electronic Arts from $154.00 to $90.00 in a report on Wednesday, February 6th. MKM Partners dropped their target price on shares of Electronic Arts to $135.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. UBS Group dropped their target price on shares of Electronic Arts from $166.00 to $138.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. Wedbush set a $133.00 target price on shares of Electronic Arts and gave the company a “buy” rating in a report on Wednesday, October 31st. Finally, Barclays dropped their target price on shares of Electronic Arts from $132.00 to $128.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $113.69.

In other news, CFO Blake J. Jorgensen sold 7,883 shares of Electronic Arts stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $85.03, for a total transaction of $670,291.49. Following the completion of the sale, the chief financial officer now directly owns 93,891 shares of the company’s stock, valued at approximately $7,983,551.73. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew Wilson sold 9,000 shares of Electronic Arts stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $84.36, for a total transaction of $759,240.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,200 shares of company stock valued at $3,425,351. Corporate insiders own 2.24% of the company’s stock.

Shares of EA stock opened at $97.60 on Monday. 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 Inc. has a 52 week low of $73.91 and a 52 week high of $151.26. The company has a market capitalization of $29.24 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 2.07 and a beta of 1.20.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, February 5th. The game software company reported $1.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.12. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Electronic Arts had a net margin of 26.77% and a return on equity of 23.21%. The company’s revenue for the quarter was down 18.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.60) EPS. As a group, equities analysts forecast that Electronic Arts Inc. will post 3.14 EPS for the current fiscal year.

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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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