Electronic Arts Inc. (EA) Holdings Increased by Jag Capital Management LLC

Jag Capital Management LLC raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 622.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 148,504 shares of the game software company’s stock after purchasing an additional 127,944 shares during the period. Electronic Arts makes up about 2.5% of Jag Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. Jag Capital Management LLC’s holdings in Electronic Arts were worth $15,092,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Ropes Wealth Advisors LLC purchased a new position in shares of Electronic Arts in the 1st quarter worth $34,000. CMH Wealth Management LLC boosted its stake in shares of Electronic Arts by 0.8% in the 1st quarter. CMH Wealth Management LLC now owns 20,345 shares of the game software company’s stock worth $2,068,000 after buying an additional 155 shares during the last quarter. First Bank & Trust boosted its stake in shares of Electronic Arts by 8.4% in the 1st quarter. First Bank & Trust now owns 7,095 shares of the game software company’s stock worth $721,000 after buying an additional 549 shares during the last quarter. W.E. Donoghue & Co. LLC purchased a new position in shares of Electronic Arts in the 1st quarter worth $2,697,000. Finally, D.B. Root & Company LLC boosted its stake in shares of Electronic Arts by 34.3% in the 1st quarter. D.B. Root & Company LLC now owns 5,055 shares of the game software company’s stock worth $514,000 after buying an additional 1,290 shares during the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

Shares of EA stock traded down $3.98 during trading hours on Monday, hitting $97.85. The stock had a trading volume of 3,905,260 shares, compared to its average volume of 7,052,198. Electronic Arts Inc. has a one year low of $73.91 and a one year high of $151.26. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $30.51 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 1.73 and a beta of 1.19.



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

Several research firms recently weighed in on EA. BidaskClub downgraded Electronic Arts from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. SunTrust Banks set a $107.00 target price on Electronic Arts and gave the company a “buy” rating in a research report on Monday, April 8th. Robert W. Baird lowered their target price on Electronic Arts from $154.00 to $90.00 in a research report on Wednesday, February 6th. MKM Partners lowered their target price on Electronic Arts to $112.00 and set a “buy” rating on the stock in a research report on Wednesday, January 30th. Finally, Wedbush lowered their target price on Electronic Arts from $111.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-one have assigned a buy rating to the company. Electronic Arts presently has a consensus rating of “Buy” and an average price target of $112.04.

In other Electronic Arts news, CEO Andrew Wilson sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $91.77, for a total transaction of $825,930.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chris Bruzzo sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $102.11, for a total value of $1,225,320.00. Following the transaction, the insider now owns 41,076 shares of the company’s stock, valued at approximately $4,194,270.36. The disclosure for this sale can be found here. Insiders have sold 82,500 shares of company stock valued at $8,266,003 in the last 90 days. Company insiders own 2.24% of the company’s stock.

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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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