home Latest News Gerber Kawasaki Wealth & Investment Management Raises Holdings in Electronic Arts Inc. (NASDAQ:EA) – Fairfield Current

Gerber Kawasaki Wealth & Investment Management Raises Holdings in Electronic Arts Inc. (NASDAQ:EA) – Fairfield Current

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Gerber Kawasaki Wealth & Investment Management boosted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,750 shares of the game software company’s stock after acquiring an additional 845 shares during the quarter. Electronic Arts accounts for approximately 1.5% of Gerber Kawasaki Wealth & Investment Management’s investment portfolio, making the stock its 23rd biggest holding. Gerber Kawasaki Wealth & Investment Management’s holdings in Electronic Arts were worth $4,241,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EA. BlackRock Inc. grew its stake in Electronic Arts by 0.5% during the third quarter. BlackRock Inc. now owns 22,521,875 shares of the game software company’s stock worth $2,713,662,000 after buying an additional 111,709 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Electronic Arts by 31.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,697,249 shares of the game software company’s stock worth $1,168,422,000 after buying an additional 2,339,158 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Electronic Arts by 3.7% during the third quarter. Bank of New York Mellon Corp now owns 4,061,892 shares of the game software company’s stock worth $489,417,000 after buying an additional 145,570 shares in the last quarter. Brown Advisory Inc. grew its stake in Electronic Arts by 25.4% during the third quarter. Brown Advisory Inc. now owns 3,666,061 shares of the game software company’s stock worth $441,724,000 after buying an additional 742,742 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Electronic Arts by 1.0% during the third quarter. American Century Companies Inc. now owns 2,936,888 shares of the game software company’s stock worth $353,866,000 after buying an additional 28,127 shares in the last quarter. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:EA traded up $0.15 during mid-day trading on Friday, hitting $98.98. The company had a trading volume of 5,140,478 shares, compared to its average volume of 8,305,084. Electronic Arts Inc. has a one year low of $73.91 and a one year high of $151.26. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $30.00 billion, a P/E ratio of 28.77, a P/E/G ratio of 1.90 and a beta of 1.18.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, February 5th. The game software company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.12. Electronic Arts had a net margin of 26.77% and a return on equity of 23.21%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the firm posted ($0.60) EPS. Electronic Arts’s revenue was down 18.4% compared to the same quarter last year. On average, analysts anticipate that Electronic Arts Inc. will post 3.14 EPS for the current fiscal year.

A number of research firms have recently weighed in on EA. Bank of America raised their price target on shares of Electronic Arts from $110.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, February 19th. Stifel Nicolaus restated a “buy” rating and issued a $109.00 price target on shares of Electronic Arts in a research note on Thursday, February 14th. BMO Capital Markets raised their price target on shares of Electronic Arts from $96.00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday, February 13th. Robert W. Baird raised their price target on shares of Electronic Arts to $106.00 and gave the company an “outperform” rating in a research note on Tuesday, February 12th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $111.00 price target on shares of Electronic Arts in a research note on Thursday, February 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $114.04.

In other Electronic Arts news, insider Laura Miele sold 1,250 shares of Electronic Arts stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $79.51, for a total transaction of $99,387.50. Following the transaction, the insider now directly owns 8,461 shares of the company’s stock, valued at approximately $672,734.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leonard S. Coleman, Jr. sold 10,000 shares of Electronic Arts stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $100.55, for a total transaction of $1,005,500.00. Following the transaction, the director now directly owns 27,371 shares in the company, valued at $2,752,154.05. The disclosure for this sale can be found here. In the last three months, insiders sold 59,750 shares of company stock valued at $5,685,520. 2.24% of the stock is currently owned by insiders.

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

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