Electronic Arts Inc. (EA) Position Cut by Everence Capital Management Inc.

Everence Capital Management Inc. cut its stake in Electronic Arts Inc. (NASDAQ:EA) by 20.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,977 shares of the game software company’s stock after selling 1,575 shares during the period. Everence Capital Management Inc.’s holdings in Electronic Arts were worth $607,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Legal & General Group Plc grew its position in 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 worth $158,321,000 after purchasing an additional 34,903 shares during the last quarter. Cerebellum GP LLC lifted its stake in shares of 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 acquiring an additional 550 shares during the period. First Hawaiian Bank lifted its stake in shares of 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 acquiring an additional 480 shares during the period. Fox Run Management L.L.C. lifted its stake in shares of 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 acquiring an additional 2,165 shares during the period. Finally, First Citizens Bank & Trust Co. acquired a new stake in shares of Electronic Arts in the 4th quarter worth $484,000. 92.60% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently commented on EA. Stifel Nicolaus raised their price objective on shares of Electronic Arts from $111.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. William Blair reiterated an “outperform” rating on shares of Electronic Arts in a research note on Tuesday, May 7th. Oppenheimer raised their price objective on shares of Electronic Arts from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Robert W. Baird raised their price objective on shares of Electronic Arts to $114.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Finally, Barclays set a $102.00 price objective on shares of Electronic Arts and gave the company a “buy” rating in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have issued a buy rating to the stock. Electronic Arts presently has an average rating of “Buy” and an average target price of $111.32.



Shares of NASDAQ EA opened at $94.57 on Thursday. The stock has a market cap of $27.09 billion, a PE ratio of 24.06, a PEG ratio of 1.44 and a beta of 1.12. Electronic Arts Inc. has a 12 month low of $73.91 and a 12 month high of $151.26. The company has a quick ratio of 2.99, a current ratio of 2.82 and a debt-to-equity ratio of 0.19.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, May 7th. The game software company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.43. Electronic Arts had a net margin of 20.59% and a return on equity of 22.62%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the firm earned $1.31 earnings per share. Electronic Arts’s revenue was up 8.7% compared to the same quarter last year. On average, research analysts predict that Electronic Arts Inc. will post 3.8 earnings per share for the current fiscal year.

In other Electronic Arts 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Laura Miele sold 1,250 shares of Electronic Arts stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $96.56, for a total transaction of $120,700.00. Following the transaction, the insider now directly owns 5,758 shares in the company, valued at $555,992.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,900 shares of company stock worth $6,773,928. 2.24% of the stock is currently owned by corporate insiders.

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About Electronic Arts

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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