Gerber Kawasaki Wealth & Investment Management grew its stake in Electronic Arts Inc. (NASDAQ:EA) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,885 shares of the game software company’s stock after purchasing an additional 1,595 shares during the quarter. Electronic Arts comprises approximately 1.2% of Gerber Kawasaki Wealth & Investment Management’s holdings, making the stock its 27th largest holding. Gerber Kawasaki Wealth & Investment Management’s holdings in Electronic Arts were worth $3,559,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Cerebellum GP LLC bought a new position in shares of Electronic Arts in the 4th quarter valued at about $129,000. First Bank & Trust bought a new position in Electronic Arts during the fourth quarter worth about $134,000. Bessemer Group Inc. grew its holdings in Electronic Arts by 144.5% during the third quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock worth $157,000 after purchasing an additional 783 shares during the period. Exane Derivatives bought a new position in Electronic Arts during the fourth quarter worth about $142,000. Finally, Tower Research Capital LLC TRC grew its holdings in Electronic Arts by 310.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock worth $149,000 after purchasing an additional 1,063 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on EA. Vetr upgraded shares of Electronic Arts from a “sell” rating to a “hold” rating and set a $117.32 price target for the company in a research report on Thursday, February 8th. BMO Capital Markets boosted their price objective on shares of Electronic Arts to $150.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of Electronic Arts from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Stifel Nicolaus boosted their target price on shares of Electronic Arts from $129.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $135.00 target price on shares of Electronic Arts in a research note on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $130.34.
Electronic Arts Inc. (NASDAQ:EA) traded up $2.81 on Thursday, reaching $126.58. 1,410,000 shares of the company traded hands, compared to its average volume of 4,770,000. The company has a market cap of $39,080.00, a P/E ratio of 39.81, a PEG ratio of 2.22 and a beta of 0.73. Electronic Arts Inc. has a 52 week low of $85.23 and a 52 week high of $131.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.92 and a current ratio of 1.92.
Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, January 30th. The game software company reported $2.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.03. The company had revenue of $1.97 billion during 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%. equities analysts anticipate that Electronic Arts Inc. will post 3.66 earnings per share for the current year.
In other Electronic Arts news, SVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $108.28, for a total value of $108,280.00. Following the sale, the senior vice president now owns 19,950 shares of the company’s stock, valued at approximately $2,160,186. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Blake J. Jorgensen sold 10,500 shares of Electronic Arts stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $118.90, for a total transaction of $1,248,450.00. Following the sale, the chief financial officer now directly owns 148,971 shares in the company, valued at approximately $17,712,651.90. The disclosure for this sale can be found here. Insiders sold a total of 67,158 shares of company stock worth $7,546,309 over the last quarter. Corporate insiders own 2.55% of the company’s stock.
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Electronic Arts 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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