Pacer Advisors Inc. boosted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,971 shares of the game software company’s stock after buying an additional 4,398 shares during the quarter. Pacer Advisors Inc.’s holdings in Electronic Arts were worth $5,084,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. WT Asset Management Ltd bought a new stake in shares of Electronic Arts in the 1st quarter valued at $19,529,000. Canada Pension Plan Investment Board grew its position in Electronic Arts by 23.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 366,573 shares of the game software company’s stock valued at $37,119,000 after purchasing an additional 69,257 shares during the period. Greenwood Capital Associates LLC grew its position in Electronic Arts by 99.2% in the 2nd quarter. Greenwood Capital Associates LLC now owns 67,982 shares of the game software company’s stock valued at $6,884,000 after purchasing an additional 33,860 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Electronic Arts in the 2nd quarter valued at $598,000. Finally, Coastline Trust Co grew its position in Electronic Arts by 1.4% in the 2nd quarter. Coastline Trust Co now owns 15,430 shares of the game software company’s stock valued at $1,562,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.
A number of equities analysts have issued reports on EA shares. Atlantic Securities raised shares of Electronic Arts from a “neutral” rating to an “overweight” rating in a report on Wednesday, August 7th. Berenberg Bank set a $110.00 price objective on shares of Electronic Arts and gave the stock a “buy” rating in a report on Thursday, August 22nd. BidaskClub downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating in a report on Saturday. KeyCorp started coverage on shares of Electronic Arts in a report on Monday, July 29th. They set a “sector weight” rating on the stock. Finally, Bank of America lifted their price objective on shares of Electronic Arts from $100.00 to $102.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $110.64.
Shares of NASDAQ EA opened at $94.19 on Friday. Electronic Arts Inc. has a 12 month low of $73.91 and a 12 month high of $109.36. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $27.37 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 4.30 and a beta of 0.95. The business has a 50-day moving average of $96.13 and a 200-day moving average of $94.42.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, July 30th. The game software company reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.10). The business had revenue of $743.00 million for the quarter, compared to analysts’ expectations of $724.55 million. Electronic Arts had a return on equity of 19.63% and a net margin of 42.75%. On average, analysts predict that Electronic Arts Inc. will post 3.74 earnings per share for the current year.
Electronic Arts 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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