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.
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.
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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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