The Hirtle Callaghan & Co LLC decides to keep it stake in Electronic Arts Inc. (EA) to the level of $501,000

The Hirtle Callaghan & Co LLC decides to keep it stake in Electronic Arts Inc. (EA) to the level of $501,000

Hirtle Callaghan & Co LLC lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 13.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,619 shares of the game software company’s stock after selling 1,000 shares during the period. Hirtle Callaghan & Co LLC’s holdings in Electronic Arts were worth $501,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Mizuho Trust & Banking Co. Ltd. boosted its stake in Electronic Arts by 0.9% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 495,308 shares of the game software company’s stock valued at $37,525,000 after buying an additional 4,651 shares during the last quarter. South Texas Money Management Ltd. bought a new stake in Electronic Arts during the second quarter valued at about $13,066,000. Ngam Advisors L.P. boosted its stake in Electronic Arts by 358.2% in the second quarter. Ngam Advisors L.P. now owns 83,876 shares of the game software company’s stock valued at $6,354,000 after buying an additional 65,569 shares during the last quarter. BB&T Corp boosted its stake in Electronic Arts by 304.8% in the second quarter. BB&T Corp now owns 81,000 shares of the game software company’s stock valued at $6,136,000 after buying an additional 60,988 shares during the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management boosted its stake in Electronic Arts by 1.4% in the second quarter. Gerber Kawasaki Wealth & Investment Management now owns 7,693 shares of the game software company’s stock valued at $582,000 after buying an additional 108 shares during the last quarter.

Shares of Electronic Arts Inc. (NASDAQ:EA) traded down 3.95% during trading on Friday, reaching $79.45. 6,933,811 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $83.19 and a 200 day moving average price of $76.86. The company has a market capitalization of $23.90 billion, a P/E ratio of 22.38 and a beta of 0.63. Electronic Arts Inc. has a 12-month low of $53.01 and a 12-month high of $86.07.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, August 2nd. The game software company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.09. The business earned $682 million during the quarter, compared to analysts’ expectations of $652.64 million. Electronic Arts had a return on equity of 24.97% and a net margin of 25.85%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 EPS. Equities analysts expect that Electronic Arts Inc. will post $3.65 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. Cowen and Company cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Friday. Wedbush lifted their price objective on shares of Electronic Arts from $86.00 to $92.00 and gave the company a “neutral” rating in a research report on Wednesday. Vetr lowered shares of Electronic Arts from a “strong-buy” rating to a “sell” rating and set a $81.18 target price for the company. in a report on Monday, October 24th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $89.00 target price on shares of Electronic Arts in a report on Monday, October 24th. Finally, Bank of America Corp. lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and cut their target price for the company from $86.07 to $53.01 in a report on Monday, October 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Electronic Arts has a consensus rating of “Buy” and a consensus target price of $87.27.

In related news, CEO Andrew Wilson sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, September 27th. The stock was sold at an average price of $85.03, for a total transaction of $4,251,500.00. Following the completion of the transaction, the chief executive officer now directly owns 290,581 shares in the company, valued at approximately $24,708,102.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Blake J. Jorgensen sold 10,100 shares of the firm’s stock in a transaction dated Friday, October 21st. The shares were sold at an average price of $82.15, for a total value of $829,715.00. Following the transaction, the chief financial officer now owns 103,310 shares of the company’s stock, valued at $8,486,916.50. The disclosure for this sale can be found here. Insiders own 3.46% of the company’s stock.

Electronic Arts Company 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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