Electronic Arts Inc. (EA) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC raised its holdings in Electronic Arts Inc. (NASDAQ:EA) by 514.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 268,139 shares of the game software company’s stock after buying an additional 224,477 shares during the period. Squarepoint Ops LLC’s holdings in Electronic Arts were worth $21,159,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its stake in Electronic Arts by 78.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 11,271 shares of the game software company’s stock valued at $1,358,000 after purchasing an additional 4,955 shares during the last quarter. MML Investors Services LLC raised its stake in Electronic Arts by 16.7% in the 3rd quarter. MML Investors Services LLC now owns 12,330 shares of the game software company’s stock valued at $1,486,000 after purchasing an additional 1,766 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Electronic Arts in the 3rd quarter valued at about $277,000. Keybank National Association OH raised its stake in Electronic Arts by 2,259.2% in the 3rd quarter. Keybank National Association OH now owns 60,608 shares of the game software company’s stock valued at $7,215,000 after purchasing an additional 58,039 shares during the last quarter. Finally, LexAurum Advisors LLC raised its stake in Electronic Arts by 56.8% in the 3rd quarter. LexAurum Advisors LLC now owns 2,677 shares of the game software company’s stock valued at $323,000 after purchasing an additional 970 shares during the last quarter. Hedge funds and other institutional investors own 91.66% of the company’s stock.

Shares of NASDAQ EA traded down $0.31 on Wednesday, reaching $97.20. 990,387 shares of the company traded hands, compared to its average volume of 6,864,535. Electronic Arts Inc. has a fifty-two week low of $73.91 and a fifty-two week high of $151.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.99 and a quick ratio of 2.99. The company has a market cap of $29.86 billion, a P/E ratio of 28.26, a P/E/G ratio of 1.92 and a beta of 1.18.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, February 5th. The game software company reported $1.87 EPS for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.12. Electronic Arts had a net margin of 26.77% and a return on equity of 23.21%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the company posted ($0.60) EPS. The company’s quarterly revenue was down 18.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Electronic Arts Inc. will post 3.14 EPS for the current year.

In other news, CEO Andrew Wilson sold 9,000 shares of the business’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $79.57, for a total transaction of $716,130.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leonard S. Coleman, Jr. sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $100.55, for a total value of $1,005,500.00. Following the sale, the director now owns 27,371 shares of the company’s stock, valued at approximately $2,752,154.05. The disclosure for this sale can be found here. Insiders have sold a total of 59,750 shares of company stock valued at $5,685,520 in the last quarter. Company insiders own 2.24% of the company’s stock.

Several research analysts recently weighed in on EA shares. Stifel Nicolaus reissued a “buy” rating and issued a $109.00 target price on shares of Electronic Arts in a research note on Thursday, February 14th. BidaskClub raised shares of Electronic Arts from a “sell” rating to a “hold” rating in a research note on Monday, January 7th. Jefferies Financial Group downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating and cut their target price for the company from $139.00 to $95.00 in a research note on Thursday, January 17th. BMO Capital Markets boosted their target price on shares of Electronic Arts from $96.00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday, February 13th. Finally, ValuEngine raised shares of Electronic Arts from a “sell” rating to a “hold” rating in a research note on Thursday, December 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $112.00.

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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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