Zeke Capital Advisors LLC decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 55.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,066 shares of the game software company’s stock after selling 2,588 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Electronic Arts were worth $202,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of EA. Valeo Financial Advisors LLC acquired a new position in Electronic Arts during the second quarter worth about $28,000. North Star Investment Management Corp. acquired a new position in Electronic Arts during the third quarter worth about $28,000. Transamerica Financial Advisors Inc. acquired a new position in Electronic Arts during the second quarter worth about $40,000. Griffin Asset Management Inc. acquired a new position in Electronic Arts during the second quarter worth about $43,000. Finally, Westside Investment Management Inc. acquired a new position in Electronic Arts during the second quarter worth about $50,000. 92.45% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have commented on EA. Berenberg Bank set a $110.00 target price on Electronic Arts and gave the stock a “buy” rating in a research note on Thursday, August 22nd. KeyCorp began coverage on Electronic Arts in a research note on Monday, July 29th. They set a “sector weight” rating for the company. Jefferies Financial Group set a $100.00 target price on Electronic Arts and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Stephens reissued a “buy” rating on shares of Electronic Arts in a research note on Wednesday, August 21st. Finally, Piper Jaffray Companies reissued a “buy” rating on shares of Electronic Arts in a research note on Wednesday, September 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $110.54.
NASDAQ:EA traded up $0.93 on Thursday, reaching $96.64. 146,826 shares of the stock traded hands, compared to its average volume of 2,685,499. The firm has a market capitalization of $27.79 billion, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 4.37 and a beta of 0.95. The company’s 50 day moving average is $94.96 and its 200-day moving average is $94.60. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.15. Electronic Arts Inc. has a 1-year low of $73.91 and a 1-year high of $108.80.
Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, July 30th. The game software company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.10). The firm had revenue of $743.00 million for the quarter, compared to analyst estimates of $724.55 million. Electronic Arts had a net margin of 42.75% and a return on equity of 19.63%. On average, equities research analysts forecast that Electronic Arts Inc. will post 3.73 EPS for the current fiscal year.
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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