EULAV Asset Management Acquires New Position in Electronic Arts Inc. (EA)

EULAV Asset Management bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 45,000 shares of the game software company’s stock, valued at approximately $5,422,000.

Several other large investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. grew its holdings in shares of Electronic Arts by 86.0% during the third quarter. Oppenheimer & Co. Inc. now owns 14,745 shares of the game software company’s stock valued at $1,777,000 after purchasing an additional 6,819 shares during the last quarter. K.J. Harrison & Partners Inc grew its holdings in shares of Electronic Arts by 12.0% during the third quarter. K.J. Harrison & Partners Inc now owns 11,200 shares of the game software company’s stock valued at $1,349,000 after purchasing an additional 1,200 shares during the last quarter. Congress Asset Management Co. MA grew its holdings in shares of Electronic Arts by 2.1% during the third quarter. Congress Asset Management Co. MA now owns 59,523 shares of the game software company’s stock valued at $7,172,000 after purchasing an additional 1,204 shares during the last quarter. Barings LLC grew its holdings in shares of Electronic Arts by 16.5% during the third quarter. Barings LLC now owns 24,266 shares of the game software company’s stock valued at $2,923,000 after purchasing an additional 3,439 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Electronic Arts by 24.7% during the third quarter. Russell Investments Group Ltd. now owns 291,409 shares of the game software company’s stock valued at $35,066,000 after purchasing an additional 57,639 shares during the last quarter. 93.29% of the stock is owned by institutional investors.

EA has been the subject of several recent research reports. Morgan Stanley upped their target price on Electronic Arts from $126.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, July 11th. UBS Group raised Electronic Arts to a “positive” rating in a report on Thursday, July 12th. Wedbush reissued a “buy” rating and issued a $158.00 price objective on shares of Electronic Arts in a report on Monday, July 23rd. Stifel Nicolaus increased their price objective on Electronic Arts from $157.00 to $159.00 and gave the stock a “$146.56” rating in a report on Monday, July 23rd. Finally, BidaskClub lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $141.87.



In other news, CEO Andrew Wilson sold 29,000 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of $117.56, for a total value of $3,409,240.00. Following the completion of the sale, the chief executive officer now owns 20,000 shares in the company, valued at $2,351,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the stock in a transaction on Monday, August 20th. The shares were sold at an average price of $128.00, for a total value of $128,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 128,750 shares of company stock valued at $15,384,360 in the last quarter. Insiders own 2.24% of the company’s stock.

Shares of NASDAQ EA opened at $96.22 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.84 and a quick ratio of 3.84. The firm has a market cap of $29.33 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 1.65 and a beta of 0.58. Electronic Arts Inc. has a 1 year low of $95.59 and a 1 year high of $151.26.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Thursday, July 26th. The game software company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.19. The firm had revenue of $749.00 million during the quarter, compared to analyst estimates of $742.86 million. Electronic Arts had a return on equity of 25.31% and a net margin of 14.30%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the company posted $2.06 EPS. Equities research analysts forecast that Electronic Arts Inc. will post 3.89 earnings per share for the current year.

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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