Electronic Arts Inc. (EA) Shares Bought by HPM Partners LLC

Share on StockTwits

HPM Partners LLC grew its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,394 shares of the game software company’s stock after buying an additional 682 shares during the quarter. HPM Partners LLC’s holdings in Electronic Arts were worth $5,108,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Sun Life Financial INC raised its position in shares of Electronic Arts by 389.4% during the 2nd quarter. Sun Life Financial INC now owns 832 shares of the game software company’s stock valued at $117,000 after acquiring an additional 662 shares in the last quarter. CI Investments Inc. acquired a new stake in shares of Electronic Arts during the 3rd quarter valued at approximately $120,000. Massey Quick Simon & CO. LLC raised its position in shares of Electronic Arts by 165.4% during the 3rd quarter. Massey Quick Simon & CO. LLC now owns 1,083 shares of the game software company’s stock valued at $130,000 after acquiring an additional 675 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of Electronic Arts during the 3rd quarter valued at approximately $134,000. Finally, Bray Capital Advisors acquired a new stake in shares of Electronic Arts during the 3rd quarter valued at approximately $157,000. Institutional investors own 94.84% of the company’s stock.

In other news, CFO Blake J. Jorgensen sold 7,883 shares of the firm’s stock in a transaction on Tuesday, December 11th. The stock was sold at an average price of $85.03, for a total transaction of $670,291.49. Following the transaction, the chief financial officer now directly owns 93,891 shares of the company’s stock, valued at $7,983,551.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $113.42, for a total value of $113,420.00. Following the transaction, the general counsel now directly owns 18,029 shares of the company’s stock, valued at approximately $2,044,849.18. The disclosure for this sale can be found here. Insiders have sold 84,950 shares of company stock worth $8,818,478 over the last three months. Corporate insiders own 2.24% of the company’s stock.

EA has been the topic of several research reports. Zacks Investment Research lowered Electronic Arts from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. ValuEngine raised Electronic Arts from a “sell” rating to a “hold” rating in a research report on Thursday, December 6th. Barclays set a $132.00 target price on Electronic Arts and gave the stock a “buy” rating in a research report on Wednesday, September 5th. BidaskClub lowered Electronic Arts from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 31st. Finally, Piper Jaffray Companies dropped their target price on Electronic Arts from $165.00 to $148.00 and set an “overweight” rating on the stock in a research report on Thursday, August 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $130.96.

Shares of EA opened at $80.16 on Friday. The firm has a market cap of $24.22 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 1.38 and a beta of 1.02. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.19. Electronic Arts Inc. has a one year low of $79.14 and a one year high of $151.26.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, October 30th. The game software company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.46. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Electronic Arts had a return on equity of 26.01% and a net margin of 18.76%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $0.62 earnings per share. Sell-side analysts anticipate that Electronic Arts Inc. will post 3.87 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This report was first posted by BBNS and is owned by of BBNS. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://baseballnewssource.com/2018/12/16/electronic-arts-inc-ea-shares-bought-by-hpm-partners-llc/3085024.html.

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.

Recommended Story: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

Want to see what other hedge funds are holding EA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronic Arts Inc. (NASDAQ:EA).

Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2019 BBNS.