Oppenheimer & Co. Inc. Reduces Holdings in Electronic Arts Inc. (EA)

Oppenheimer & Co. Inc. trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 65.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,027 shares of the game software company’s stock after selling 9,718 shares during the period. Oppenheimer & Co. Inc.’s holdings in Electronic Arts were worth $397,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Marathon Asset Management LLP acquired a new position in Electronic Arts during the 4th quarter valued at about $22,568,000. Royal London Asset Management Ltd. increased its stake in Electronic Arts by 7.5% during the 4th quarter. Royal London Asset Management Ltd. now owns 153,600 shares of the game software company’s stock valued at $12,180,000 after buying an additional 10,743 shares during the period. First Bank & Trust increased its stake in Electronic Arts by 18.4% during the 4th quarter. First Bank & Trust now owns 6,546 shares of the game software company’s stock valued at $516,000 after buying an additional 1,015 shares during the period. Quantamental Technologies LLC acquired a new position in Electronic Arts during the 4th quarter valued at about $507,000. Finally, Flagship Harbor Advisors LLC increased its stake in Electronic Arts by 12.6% during the 4th quarter. Flagship Harbor Advisors LLC now owns 2,787 shares of the game software company’s stock valued at $219,000 after buying an additional 312 shares during the period. 95.84% of the stock is currently owned by institutional investors.

EA has been the subject of several research reports. Bank of America upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating in a research report on Monday. Buckingham Research lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating in a research report on Monday. ValuEngine lowered shares of Electronic Arts from a “hold” rating to a “sell” rating in a research report on Thursday. Robert W. Baird reduced their price objective on shares of Electronic Arts from $154.00 to $90.00 in a research report on Wednesday, February 6th. Finally, Zacks Investment Research lowered shares of Electronic Arts from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Electronic Arts presently has an average rating of “Buy” and a consensus price target of $113.69.



Shares of EA opened at $97.60 on Monday. Electronic Arts Inc. has a one year low of $73.91 and a one year high of $151.26. The stock has a market capitalization of $29.24 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 2.07 and a beta of 1.20. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 0.19.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, February 5th. The game software company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.75 by $0.12. Electronic Arts had a net margin of 26.77% and a return on equity of 23.21%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period last year, the company posted ($0.60) earnings per share. The business’s revenue for the quarter was down 18.4% on a year-over-year basis. As a group, analysts anticipate that Electronic Arts Inc. will post 3.14 earnings per share for the current fiscal year.

In other news, CFO Blake J. Jorgensen sold 2,617 shares of the stock in a transaction that occurred on Friday, December 7th. The shares were sold at an average price of $85.02, for a total value of $222,497.34. Following the completion of the sale, the chief financial officer now directly owns 101,774 shares of the company’s stock, valued at $8,652,825.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Laura Miele sold 1,250 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $79.51, for a total transaction of $99,387.50. Following the completion of the sale, the insider now directly owns 8,461 shares of the company’s stock, valued at $672,734.11. The disclosure for this sale can be found here. Insiders sold 40,200 shares of company stock valued at $3,425,351 over the last three months. 2.24% of the stock is owned by insiders.

WARNING: “Oppenheimer & Co. Inc. Reduces Holdings in Electronic Arts Inc. (EA)” was first reported by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this article can be viewed at https://dakotafinancialnews.com/2019/02/11/oppenheimer-co-inc-reduces-holdings-in-electronic-arts-inc-ea.html.

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.

Recommended Story: Quiet Period

Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply