Focused Wealth Management Inc Has $75,000 Position in Electronic Arts Inc. (NASDAQ:EA)

Focused Wealth Management Inc trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 92.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 770 shares of the game software company’s stock after selling 9,432 shares during the period. Focused Wealth Management Inc’s holdings in Electronic Arts were worth $75,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Boothe Investment Group Inc. acquired a new stake in shares of Electronic Arts in the 2nd quarter worth approximately $3,445,000. Fulton Bank N.A. increased its holdings in shares of Electronic Arts by 17.7% in the second quarter. Fulton Bank N.A. now owns 12,962 shares of the game software company’s stock valued at $1,313,000 after buying an additional 1,946 shares in the last quarter. Douglas Lane & Associates LLC acquired a new stake in shares of Electronic Arts during the 2nd quarter valued at $1,816,000. Crossmark Global Holdings Inc. lifted its position in shares of Electronic Arts by 1.5% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,493 shares of the game software company’s stock valued at $1,569,000 after acquiring an additional 235 shares during the last quarter. Finally, Copper Rock Capital Partners LLC lifted its position in shares of Electronic Arts by 8.4% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 187,667 shares of the game software company’s stock valued at $19,003,000 after acquiring an additional 14,477 shares during the last quarter. 92.94% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Andrew Wilson sold 9,000 shares of Electronic Arts stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $93.91, for a total value of $845,190.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Blake J. Jorgensen sold 5,200 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $99.52, for a total transaction of $517,504.00. Following the completion of the sale, the chief financial officer now owns 102,475 shares of the company’s stock, valued at $10,198,312. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,700 shares of company stock valued at $4,983,124. 2.18% of the stock is owned by corporate insiders.

A number of equities analysts recently issued reports on EA shares. Robert W. Baird decreased their target price on Electronic Arts from $114.00 to $108.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Berenberg Bank set a $110.00 price target on Electronic Arts and gave the stock a “buy” rating in a research note on Thursday, August 22nd. UBS Group cut their price objective on Electronic Arts from $120.00 to $117.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Atlantic Securities raised shares of Electronic Arts from a “neutral” rating to an “overweight” rating in a research note on Wednesday, August 7th. Finally, Piper Jaffray Companies decreased their target price on shares of Electronic Arts from $112.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have assigned a buy rating to the stock. Electronic Arts currently has an average rating of “Buy” and an average target price of $108.77.

Shares of NASDAQ EA traded down $0.24 during mid-day trading on Wednesday, reaching $96.09. The company had a trading volume of 198,010 shares, compared to its average volume of 4,739,184. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.32 and a current ratio of 3.32. Electronic Arts Inc. has a twelve month low of $73.91 and a twelve month high of $108.80. The stock’s 50 day moving average is $96.21 and its 200-day moving average is $95.06. The stock has a market capitalization of $28.69 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 3.26 and a beta of 0.92.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, October 29th. The game software company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. Electronic Arts had a return on equity of 17.54% and a net margin of 54.01%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.24 billion. On average, sell-side analysts anticipate that Electronic Arts Inc. will post 3.72 EPS for the current 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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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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