Rothschild & Co. Asset Management US Inc. Has $10.44 Million Stake in Electronic Arts Inc. (EA)

Rothschild & Co. Asset Management US Inc. trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 27.8% in the first quarter, HoldingsChannel.com reports. The fund owned 102,730 shares of the game software company’s stock after selling 39,631 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in Electronic Arts were worth $10,440,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EA. Norges Bank bought a new position in shares of Electronic Arts during the 4th quarter worth about $243,373,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Electronic Arts by 7,694.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,624,704 shares of the game software company’s stock worth $33,000 after acquiring an additional 2,591,032 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of Electronic Arts by 13,042.7% during the 4th quarter. Two Sigma Advisers LP now owns 2,476,342 shares of the game software company’s stock worth $195,408,000 after acquiring an additional 2,457,500 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Electronic Arts by 20.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,650,029 shares of the game software company’s stock worth $919,303,000 after acquiring an additional 1,952,780 shares during the period. Finally, CI Investments Inc. lifted its holdings in shares of Electronic Arts by 177,205.0% during the 4th quarter. CI Investments Inc. now owns 1,773,050 shares of the game software company’s stock worth $139,911,000 after acquiring an additional 1,772,050 shares during the period. 92.36% of the stock is owned by institutional investors.

In other news, Director Lawrence F. Probst III sold 8,400 shares of Electronic Arts stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $97.32, for a total transaction of $817,488.00. Following the completion of the sale, the director now owns 118,238 shares in the company, valued at approximately $11,506,922.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew Wilson sold 29,000 shares of Electronic Arts stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $103.00, for a total transaction of $2,987,000.00. Following the sale, the chief executive officer now owns 20,000 shares of the company’s stock, valued at approximately $2,060,000. The disclosure for this sale can be found here. Insiders sold a total of 78,185 shares of company stock valued at $7,746,530 in the last 90 days. Corporate insiders own 2.24% of the company’s stock.



EA opened at $92.31 on Friday. The company has a quick ratio of 2.99, a current ratio of 2.82 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $27.66 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 1.53 and a beta of 1.12. Electronic Arts Inc. has a 1-year low of $73.91 and a 1-year high of $151.26.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, May 7th. The game software company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.43. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Electronic Arts had a net margin of 20.59% and a return on equity of 22.62%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.31 EPS. As a group, equities research analysts forecast that Electronic Arts Inc. will post 3.79 EPS for the current year.

Several equities analysts recently issued reports on EA shares. BidaskClub downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating in a report on Friday, April 5th. Needham & Company LLC lifted their price target on shares of Electronic Arts to $120.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Credit Suisse Group lifted their price target on shares of Electronic Arts from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. SunTrust Banks set a $107.00 price target on shares of Electronic Arts and gave the company a “buy” rating in a report on Monday, April 8th. Finally, UBS Group lifted their price target on shares of Electronic Arts from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has an average 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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