S. R. Schill & Associates boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 13.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,034 shares of the game software company’s stock after buying an additional 355 shares during the period. S. R. Schill & Associates’ holdings in Electronic Arts were worth $401,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of EA. State of Michigan Retirement System boosted its position in Electronic Arts by 10.2% during the 2nd quarter. State of Michigan Retirement System now owns 73,752 shares of the game software company’s stock worth $9,739,000 after acquiring an additional 6,846 shares during the last quarter. Copper Rock Capital Partners LLC boosted its position in Electronic Arts by 4,745.5% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 10,506,707 shares of the game software company’s stock worth $1,225,111,000 after acquiring an additional 10,289,874 shares during the last quarter. Pacer Advisors Inc. boosted its position in Electronic Arts by 99.0% during the 2nd quarter. Pacer Advisors Inc. now owns 47,392 shares of the game software company’s stock worth $6,258,000 after acquiring an additional 23,582 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Electronic Arts during the 2nd quarter worth approximately $256,000. Finally, V Wealth Advisors LLC acquired a new position in Electronic Arts during the 2nd quarter worth approximately $2,510,000. Hedge funds and other institutional investors own 88.08% of the company’s stock.
EA has been the topic of a number of analyst reports. Benchmark upped their price objective on Electronic Arts from $143.00 to $151.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Citigroup upped their price objective on Electronic Arts from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 20th. Wells Fargo & Co increased their price target on Electronic Arts from $120.00 to $150.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Stifel Nicolaus restated a “buy” rating and issued a $154.00 price target (up previously from $130.00) on shares of Electronic Arts in a research note on Tuesday, July 21st. Finally, Morgan Stanley increased their price target on Electronic Arts from $130.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Electronic Arts has a consensus rating of “Buy” and an average target price of $139.96.
Shares of EA traded up $3.03 during trading hours on Friday, hitting $141.62. 4,299,630 shares of the company were exchanged, compared to its average volume of 1,833,045. The company has a market cap of $40.89 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 4.83 and a beta of 0.94. Electronic Arts Inc. has a fifty-two week low of $85.69 and a fifty-two week high of $142.84. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.05. The firm’s fifty day moving average is $133.51 and its 200 day moving average is $115.65.
Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, May 5th. The game software company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.36. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. Electronic Arts had a return on equity of 21.69% and a net margin of 34.27%. Analysts anticipate that Electronic Arts Inc. will post 3.94 EPS for the current year.
Electronic Arts Company 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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