Stephens Investment Management Group LLC Has $16.11 Million Holdings in Electronic Arts Inc. (EA)
Stephens Investment Management Group LLC grew its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 0.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,370 shares of the game software company’s stock after purchasing an additional 639 shares during the period. Stephens Investment Management Group LLC’s holdings in Electronic Arts were worth $16,109,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in EA. Guardian Life Insurance Co. of America grew its position in shares of Electronic Arts by 2.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock worth $107,000 after purchasing an additional 34 shares in the last quarter. Invictus RG grew its position in shares of Electronic Arts by 722.0% during the 1st quarter. Invictus RG now owns 1,307 shares of the game software company’s stock worth $117,000 after purchasing an additional 1,148 shares in the last quarter. D. Scott Neal Inc. acquired a new position in shares of Electronic Arts during the 2nd quarter worth approximately $120,000. Commerce Bank acquired a new position in shares of Electronic Arts during the 1st quarter worth approximately $203,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Electronic Arts during the 1st quarter worth approximately $205,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.
Electronic Arts Inc. (NASDAQ:EA) traded down 0.85% during trading on Wednesday, hitting $119.39. 170,186 shares of the stock traded hands. The company has a 50-day moving average price of $117.63 and a 200-day moving average price of $104.65. Electronic Arts Inc. has a 12 month low of $73.74 and a 12 month high of $122.79. The stock has a market cap of $36.86 billion, a PE ratio of 31.97 and a beta of 0.68.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Thursday, July 27th. The game software company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.22. The firm had revenue of $775.00 million during the quarter, compared to analyst estimates of $768.47 million. Electronic Arts had a net margin of 23.31% and a return on equity of 29.77%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 EPS. Equities research analysts expect that Electronic Arts Inc. will post $4.24 EPS for the current year.
A number of research analysts have issued reports on EA shares. Needham & Company LLC assumed coverage on shares of Electronic Arts in a research report on Monday, July 17th. They set a “buy” rating and a $130.00 target price on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $135.00 price target (up previously from $123.00) on shares of Electronic Arts in a report on Friday, July 28th. Bank of America Corporation raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $131.00 price target for the company in a report on Wednesday, July 26th. BidaskClub raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Piper Jaffray Companies upped their price target on shares of Electronic Arts from $119.00 to $128.00 and gave the stock an “overweight” rating in a report on Friday, June 23rd. Four 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 stock. The company has a consensus rating of “Buy” and a consensus target price of $117.01.
In related news, CEO Andrew Wilson sold 100,000 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $111.31, for a total transaction of $11,131,000.00. Following the completion of the sale, the chief executive officer now directly owns 100,000 shares in the company, valued at approximately $11,131,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Chris Bruzzo sold 1,500 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were 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 $3,533,903.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 355,097 shares of company stock valued at $40,795,378. Company insiders own 2.55% of the company’s stock.
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About Electronic Arts
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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