Electronic Arts Inc. (EA) Position Trimmed by Wetherby Asset Management Inc.
Wetherby Asset Management Inc. lowered its position in Electronic Arts Inc. (NASDAQ:EA) by 35.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,125 shares of the game software company’s stock after selling 2,275 shares during the period. Wetherby Asset Management Inc.’s holdings in Electronic Arts were worth $433,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cerebellum GP LLC acquired a new position in shares of Electronic Arts during the 4th quarter valued at $129,000. First Bank & Trust acquired a new position in shares of Electronic Arts during the 4th quarter valued at $134,000. Bessemer Group Inc. lifted its position in shares of Electronic Arts by 144.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after acquiring an additional 783 shares during the period. Exane Derivatives acquired a new position in Electronic Arts during the fourth quarter worth $142,000. Finally, Dupont Capital Management Corp acquired a new position in Electronic Arts during the third quarter worth $183,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.
Several research analysts have weighed in on EA shares. Oppenheimer restated a “buy” rating on shares of Electronic Arts in a report on Friday, November 17th. Buckingham Research set a $143.00 price objective on shares of Electronic Arts and gave the stock a “buy” rating in a report on Sunday, November 19th. KeyCorp reiterated a “buy” rating and issued a $134.00 target price on shares of Electronic Arts in a research note on Sunday, November 19th. Vetr lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 target price for the company. in a research note on Wednesday, November 29th. Finally, Goldman Sachs Group lowered shares of Electronic Arts from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Seven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Electronic Arts currently has a consensus rating of “Buy” and a consensus price target of $132.81.
Shares of Electronic Arts Inc. (EA) traded up $1.15 during trading hours on Thursday, reaching $129.12. 2,684,973 shares of the company’s stock were exchanged, compared to its average volume of 3,910,000. Electronic Arts Inc. has a 12-month low of $87.90 and a 12-month high of $131.01. The company has a market capitalization of $39,600.00, a price-to-earnings ratio of 34.34, a PEG ratio of 2.30 and a beta of 0.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.92 and a quick ratio of 1.92.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.03. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.02 billion. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. sell-side analysts expect that Electronic Arts Inc. will post 3.66 EPS for the current year.
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Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.
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