Electronic Arts Inc. (EA) Holdings Increased by Oppenheimer & Co. Inc.
Oppenheimer & Co. Inc. raised its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 24.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,193 shares of the game software company’s stock after purchasing an additional 832 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Electronic Arts were worth $443,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in EA. Cipher Capital LP acquired a new position in shares of Electronic Arts in the second quarter worth $757,000. Delta Lloyd Asset Management N.V. acquired a new position in shares of Electronic Arts in the second quarter worth $3,019,000. Swiss National Bank increased its stake in shares of Electronic Arts by 5.3% in the second quarter. Swiss National Bank now owns 1,125,555 shares of the game software company’s stock worth $118,994,000 after acquiring an additional 56,300 shares during the last quarter. Pacad Investment Ltd. acquired a new position in shares of Electronic Arts in the second quarter worth $2,453,000. Finally, Commerce Bank increased its stake in shares of Electronic Arts by 59.9% in the second quarter. Commerce Bank now owns 3,626 shares of the game software company’s stock worth $383,000 after acquiring an additional 1,359 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors.
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In related news, EVP Chris Bruzzo sold 1,500 shares of Electronic Arts stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $105.98, for a total transaction of $158,970.00. Following the completion of the sale, the executive vice president now owns 33,345 shares of the company’s stock, valued at approximately $3,533,903.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Wilson sold 9,059 shares of Electronic Arts stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $105.91, for a total transaction of $959,438.69. The disclosure for this sale can be found here. Insiders have sold a total of 195,097 shares of company stock valued at $23,019,378 in the last ninety days. 2.55% of the stock is currently owned by insiders.
Shares of Electronic Arts Inc. (NASDAQ EA) opened at 119.42 on Friday. The company has a 50 day moving average of $118.08 and a 200 day moving average of $105.34. Electronic Arts Inc. has a 1-year low of $73.74 and a 1-year high of $122.79. The company has a market cap of $36.87 billion, a PE ratio of 31.97 and a beta of 0.68.
Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Thursday, July 27th. The game software company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.22. The company had revenue of $775.00 million for 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%. Electronic Arts’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 EPS. Equities analysts expect that Electronic Arts Inc. will post $4.24 earnings per share for the current fiscal year.
EA has been the topic of a number of research reports. Vetr raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating and set a $125.00 price target on the stock in a research note on Tuesday, July 4th. BidaskClub downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Benchmark Co. upped their price target on shares of Electronic Arts from $114.00 to $131.00 and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Electronic Arts in a research note on Monday, July 17th. Finally, Zacks Investment Research downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Four equities research 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 presently has an average rating of “Buy” and an average target price of $117.01.
Electronic Arts 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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