TD Asset Management Inc. decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 52.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 189,572 shares of the game software company’s stock after selling 210,272 shares during the period. TD Asset Management Inc. owned 0.06% of Electronic Arts worth $14,959,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of EA. Baystate Wealth Management LLC increased its stake in Electronic Arts by 373.1% during the 4th quarter. Baystate Wealth Management LLC now owns 317 shares of the game software company’s stock valued at $29,000 after purchasing an additional 250 shares in the last quarter. IMS Capital Management acquired a new stake in shares of Electronic Arts in the third quarter worth $70,000. Legacy Financial Advisors Inc. increased its stake in shares of Electronic Arts by 692.2% in the fourth quarter. Legacy Financial Advisors Inc. now owns 610 shares of the game software company’s stock worth $48,000 after acquiring an additional 533 shares during the period. CI Investments Inc. acquired a new stake in shares of Electronic Arts in the third quarter worth $120,000. Finally, Massey Quick Simon & CO. LLC increased its stake in shares of Electronic Arts by 165.4% in the third quarter. Massey Quick Simon & CO. LLC now owns 1,083 shares of the game software company’s stock worth $130,000 after acquiring an additional 675 shares during the period. 95.84% of the stock is owned by institutional investors.
In related news, CEO Andrew Wilson sold 9,000 shares of Electronic Arts stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $84.36, for a total value of $759,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Blake J. Jorgensen sold 7,883 shares of Electronic Arts stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 93,891 shares of the company’s stock, valued at approximately $7,983,551.73. The disclosure for this sale can be found here. Insiders sold 40,200 shares of company stock valued at $3,425,351 in the last 90 days. Company insiders own 2.24% of the company’s stock.
Shares of EA traded up $6.97 during trading on Monday, reaching $104.57. 16,853,487 shares of the company traded hands, compared to its average volume of 7,193,768. Electronic Arts Inc. has a twelve month low of $73.91 and a twelve month high of $151.26. The stock has a market cap of $29.24 billion, a PE ratio of 30.40, a P/E/G ratio of 2.07 and a beta of 1.20. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.99 and a quick ratio of 2.99.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, February 5th. The game software company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.75 billion. During the same period last year, the business earned ($0.60) earnings per share. The business’s revenue for the quarter was down 18.4% on a year-over-year basis. As a group, sell-side analysts expect that Electronic Arts Inc. will post 3.14 earnings per share for the current fiscal year.
EA has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating in a report on Thursday. Jefferies Financial Group increased their price target on shares of Electronic Arts to $90.00 and gave the stock a “buy” rating in a report on Monday. Robert W. Baird lowered their price target on shares of Electronic Arts from $154.00 to $90.00 in a report on Wednesday, February 6th. Zacks Investment Research downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Finally, Bank of America lowered their price target on shares of Electronic Arts from $113.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, February 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Electronic Arts presently has a consensus rating of “Buy” and a consensus price target of $112.54.
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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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