Janney Montgomery Scott LLC Has $1.63 Million Holdings in Electronic Arts Inc. (EA)

Janney Montgomery Scott LLC raised its holdings in Electronic Arts Inc. (NASDAQ:EA) by 60.0% in the first quarter, Holdings Channel reports. The fund owned 16,034 shares of the game software company’s stock after acquiring an additional 6,010 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Electronic Arts were worth $1,630,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Legal & General Group Plc grew its position in shares of Electronic Arts by 2.7% during the 3rd quarter. Legal & General Group Plc now owns 1,314,138 shares of the game software company’s stock valued at $158,321,000 after acquiring an additional 34,903 shares during the period. Cerebellum GP LLC boosted its holdings in Electronic Arts by 33.7% in the 4th quarter. Cerebellum GP LLC now owns 2,183 shares of the game software company’s stock worth $172,000 after buying an additional 550 shares during the last quarter. First Hawaiian Bank boosted its holdings in Electronic Arts by 14.8% in the 4th quarter. First Hawaiian Bank now owns 3,715 shares of the game software company’s stock worth $293,000 after buying an additional 480 shares during the last quarter. DNB Asset Management AS boosted its holdings in Electronic Arts by 860.1% in the 4th quarter. DNB Asset Management AS now owns 379,321 shares of the game software company’s stock worth $29,932,000 after buying an additional 339,814 shares during the last quarter. Finally, Fox Run Management L.L.C. boosted its holdings in Electronic Arts by 54.2% in the 4th quarter. Fox Run Management L.L.C. now owns 6,162 shares of the game software company’s stock worth $486,000 after buying an additional 2,165 shares during the last quarter. Hedge funds and other institutional investors own 92.60% of the company’s stock.

In other news, General Counsel Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $102.38, for a total transaction of $102,380.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 2,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $93.76, for a total transaction of $187,520.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 59,500 shares of company stock worth $5,956,440. Corporate insiders own 2.24% of the company’s stock.



EA opened at $94.57 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.99 and a current ratio of 2.82. Electronic Arts Inc. has a 1-year low of $73.91 and a 1-year high of $151.26. The company has a market capitalization of $27.09 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 1.44 and a beta of 1.12.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, May 7th. The game software company reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.43. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.20 billion. Electronic Arts had a net margin of 20.59% and a return on equity of 22.62%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $1.31 EPS. Sell-side analysts forecast that Electronic Arts Inc. will post 3.8 EPS for the current fiscal year.

EA has been the topic of several research analyst reports. Robert W. Baird lowered their price objective on Electronic Arts from $154.00 to $90.00 in a report on Wednesday, February 6th. Benchmark lowered their price objective on Electronic Arts from $153.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, February 6th. They noted that the move was a valuation call. MKM Partners lowered their price objective on Electronic Arts to $112.00 and set a “buy” rating on the stock in a report on Wednesday, January 30th. Wedbush reiterated a “buy” rating and issued a $111.00 price objective (down from $133.00) on shares of Electronic Arts in a report on Wednesday, January 30th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $96.00 price objective on shares of Electronic Arts in a report on Thursday, February 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the stock. Electronic Arts has a consensus rating of “Buy” and a consensus price target of $111.32.

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Electronic Arts Company 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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