Electronic Arts Inc. (NASDAQ:EA).
Swedbank says it lowered its investment in Electronic Arts Inc. by 3.0% in a 13F filing with the SEC. Its position stood at $200,823,000 an increase of $25,489,000 as of the end of the quarter.
These firms have also modified their investment in EA. As of quarter end Clinton Group Inc had acquired 20,064 shares growing its position 31.4%. The value of the investment in (EA) went from $5,037,000 to $7,521,000 a change of $2,484,000 since the last quarter. As of the end of the quarter Gateway Investment Advisers LLC had sold a total of 209 shares trimming its holdings by 1.0%. The value of the total investment in Electronic Arts Inc. increased from $1,852,000 to $2,165,000 increasing 16.9% quarter to quarter.
As of quarter end Lathrop Investment Management Corp had sold 14,933 shares trimming its stake by 7.8%. The value of the investment in EA went from $17,116,000 to $18,635,000 a change of 8.9% for the reporting period.
On October 28 the company was rated “Market Perform” according to a Cowen & Co. report which is down from the previous “Outperform” rating. On October 24 the stock rating was downgraded from “Buy” to “Neutral” in a report from Bank of America.
On September 23 analysts at Morgan Stanley began coverage giving it an initial rating of “Overweight” and setting a price target of $101.00. Equity analyst BMO Capital starting coverage on EA by announcing an initial rating of “Market Perform”.
On March 30, 2016 the stock rating was changed to a “Long-term Buy” by Hilliard Lyons which was a cut from the previous “Buy” rating. On February 9 the company was upgraded to “Buy” from “Neutral” by Hilliard Lyons.
The company is so far trading up by 1.23% since yesterday’s close of $108.42. Shares of the company are trading at $109.75 which is marginally lower than $111.09, the 50 day moving average and just a bit higher than the 200 day moving average of $92.64. The 50 day moving average moved down $-1.28 whereas the 200 day moving average was up $17.17 or +18.53%.
The P/E ratio is 35.65 and market cap is 34.04B. As of the last earnings report the EPS was $3.08 and is projected to be $4.22 for the current year with 310,028,000 shares outstanding. Next quarter’s EPS is forecasted at $0.66 and the next full year EPS is anticipated to be $4.97.