Electronic Arts Inc. (NASDAQ:EA).
Swedbank reports that it sold 59,024 shares in quarter ending 06/30/2017 decreasing its holdings in Electronic Arts Inc. by 3.0%. Its investment was worth $200,823,000 an increase of 14.5% as of quarter end.
Here are some other firms who have updated their holdings. Clinton Group Inc added to its position by buying 20,064 shares an increase of 31.4% in the quarter. Clinton Group Inc now controls 84,016 shares worth $7,521,000. The total value of its holdings increased 49.3%. Gateway Investment Advisers LLC divested its investment by selling 209 shares a decrease of 1.0% from 03/31/2017 to 06/30/2017. Gateway Investment Advisers LLC controls 20,482 shares with a value of $2,165,000. The value of the position overall is up by 16.9%.
As of quarter end Lathrop Investment Management Corp had disposed of 14,933 shares trimming its holdings by 7.8%. The value of the total investment in Electronic Arts Inc. went from $17,116,000 to $18,635,000 a change of $1,519,000 quarter over quarter.
On October 28, 2016 the stock rating was set at “Market Perform” in a report from Cowen & Co. a cut from the previous “Outperform” rating. On October 24 the company was rated “Neutral” by Bank of America which is down from the previous “Buy” rating.
Equity analyst Morgan Stanley began coverage with an initial rating of “Overweight” and price target of $101.00. On April 27 analysts at BMO Capital initiated coverage on the stock with a rating of “Market Perform”.
On March 30, 2016 the stock rating was changed to a “Long-term Buy” according to a Hilliard Lyons report which was a cut from the previous “Buy” rating. On February 9 the stock rating was upgraded from “Neutral” to “Buy” in a report issued by Hilliard Lyons.
The company is so far trading up since yesterday’s close of $108.42. Company shares last traded at $109.75 just a bit lower than $111.09, the 50 day moving average and which is marginally over the 200 day moving average of $92.64. The 50 day moving average went down $-1.28 or -1.15% and the 200 day average went up by +18.53%.
Electronic Arts Inc. currently has a P/E ratio of 35.65 and market cap is 34.04B. As of the last earnings report the EPS was $3.08 and is expected to be $4.22 for the current year with 310,028,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.66 and the next full year EPS is anticipated to be $4.97.