Delta Capital Management LLC reduced its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 7.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,285 shares of the game software company’s stock after selling 180 shares during the quarter. Delta Capital Management LLC’s holdings in Electronic Arts were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. GYL Financial Synergies LLC raised its holdings in shares of Electronic Arts by 2.8% during the second quarter. GYL Financial Synergies LLC now owns 4,355 shares of the game software company’s stock worth $441,000 after purchasing an additional 118 shares during the period. Veritable L.P. raised its position in Electronic Arts by 1.9% during the 2nd quarter. Veritable L.P. now owns 6,584 shares of the game software company’s stock valued at $667,000 after purchasing an additional 124 shares during the last quarter. World Asset Management Inc raised its position in Electronic Arts by 0.8% during the 2nd quarter. World Asset Management Inc now owns 20,659 shares of the game software company’s stock valued at $2,092,000 after purchasing an additional 154 shares during the last quarter. FDx Advisors Inc. raised its position in Electronic Arts by 2.1% during the 2nd quarter. FDx Advisors Inc. now owns 7,771 shares of the game software company’s stock valued at $787,000 after purchasing an additional 163 shares during the last quarter. Finally, Dowling & Yahnke LLC raised its position in Electronic Arts by 3.1% during the 2nd quarter. Dowling & Yahnke LLC now owns 5,678 shares of the game software company’s stock valued at $575,000 after purchasing an additional 173 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.
In other Electronic Arts news, Director Luis A. Ubinas sold 3,389 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $89.23, for a total transaction of $302,400.47. Following the transaction, the director now directly owns 306 shares in the company, valued at approximately $27,304.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 500 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $92.73, for a total transaction of $46,365.00. The disclosure for this sale can be found here. Insiders sold 58,774 shares of company stock valued at $5,609,608 over the last 90 days. Insiders own 2.18% of the company’s stock.
Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, July 30th. The game software company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.10). Electronic Arts had a return on equity of 19.63% and a net margin of 42.75%. The business had revenue of $743.00 million during the quarter, compared to analyst estimates of $724.55 million. Equities research analysts expect that Electronic Arts Inc. will post 3.74 earnings per share for the current year.
A number of research analysts recently weighed in on the company. Bank of America raised their price objective on Electronic Arts from $100.00 to $102.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Piper Jaffray Companies reiterated a “buy” rating on shares of Electronic Arts in a report on Wednesday, September 18th. BMO Capital Markets reiterated an “outperform” rating and set a $130.00 price target (up previously from $116.00) on shares of Electronic Arts in a report on Tuesday, July 2nd. Cowen upgraded Electronic Arts from a “market perform” rating to an “outperform” rating and set a $104.00 price target for the company in a report on Wednesday, July 31st. Finally, BidaskClub upgraded Electronic Arts from a “sell” rating to a “hold” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $110.64.
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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