Aviance Capital Management LLC Takes Position in Electronic Arts Inc. (EA)

Aviance Capital Management LLC purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,423 shares of the game software company’s stock, valued at approximately $292,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. State Treasurer State of Michigan increased its stake in shares of Electronic Arts by 0.6% during the second quarter. State Treasurer State of Michigan now owns 90,806 shares of the game software company’s stock worth $12,805,000 after buying an additional 500 shares during the period. Vision Capital Management Inc. increased its stake in shares of Electronic Arts by 22.3% during the third quarter. Vision Capital Management Inc. now owns 31,955 shares of the game software company’s stock worth $3,850,000 after buying an additional 5,825 shares during the period. First Trust Advisors LP increased its stake in shares of Electronic Arts by 333.2% during the second quarter. First Trust Advisors LP now owns 243,908 shares of the game software company’s stock worth $34,396,000 after buying an additional 187,609 shares during the period. Highstreet Asset Management Inc. increased its stake in shares of Electronic Arts by 45.4% during the second quarter. Highstreet Asset Management Inc. now owns 10,475 shares of the game software company’s stock worth $1,477,000 after buying an additional 3,272 shares during the period. Finally, Twin Capital Management Inc. increased its stake in shares of Electronic Arts by 1.3% during the second quarter. Twin Capital Management Inc. now owns 88,450 shares of the game software company’s stock worth $12,473,000 after buying an additional 1,160 shares during the period. 93.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of Electronic Arts stock opened at $90.98 on Thursday. The company has a market capitalization of $28.91 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 1.64 and a beta of 0.58. Electronic Arts Inc. has a 52 week low of $89.12 and a 52 week high of $151.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.84 and a current ratio of 3.84.



Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, October 30th. The game software company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.46. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Electronic Arts had a net margin of 18.76% and a return on equity of 26.95%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.62 earnings per share. Analysts anticipate that Electronic Arts Inc. will post 3.87 EPS for the current fiscal year.

In related news, General Counsel Jacob J. Schatz sold 1,000 shares of the stock in a transaction on Monday, October 22nd. The stock was sold at an average price of $102.81, for a total transaction of $102,810.00. Following the completion of the sale, the general counsel now directly owns 17,029 shares of the company’s stock, valued at $1,750,751.49. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lawrence F. Probst III sold 2,500 shares of the stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $111.34, for a total value of $278,350.00. Following the sale, the director now directly owns 112,338 shares of the company’s stock, valued at $12,507,712.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,500 shares of company stock worth $11,628,780. Insiders own 2.24% of the company’s stock.

EA has been the topic of a number of recent research reports. Credit Suisse Group upped their target price on shares of Electronic Arts from $143.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 25th. Morgan Stanley cut their target price on shares of Electronic Arts from $122.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Wednesday. MKM Partners cut their target price on shares of Electronic Arts to $157.00 and set a “buy” rating on the stock in a research note on Friday, August 31st. UBS Group cut their target price on shares of Electronic Arts from $176.00 to $166.00 and set a “buy” rating on the stock in a research note on Friday, August 31st. Finally, Benchmark cut their target price on shares of Electronic Arts from $164.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, August 31st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $135.96.

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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