Lathrop Investment Management Corp Lowers stake in ELECTRONIC ARTS COM (EA)

ELECTRONIC ARTS COM (EA) : Lathrop Investment Management Corp reduced its stake in ELECTRONIC ARTS COM by 3.79% during the most recent quarter end. The investment management company now holds a total of 209,079 shares of ELECTRONIC ARTS COM which is valued at $13,772,034 after selling 8,230 shares in ELECTRONIC ARTS COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.ELECTRONIC ARTS COM makes up approximately 4.34% of Lathrop Investment Management Corp’s portfolio.

ELECTRONIC ARTS COM closed down -1.98 points or -3.03% at $63.35 with 55,38,172 shares getting traded on Wednesday. Post opening the session at $65.13, the shares hit an intraday low of $62.3548 and an intraday high of $65.42 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Legacy Private Trust reduced its stake in EA by selling 7,350 shares or 41.24% in the most recent quarter. The Hedge Fund company now holds 10,474 shares of EA which is valued at $689,922. ELECTRONIC ARTS COM makes up approx 0.10% of Legacy Private Trust’s portfolio.First Quadrant L Pca boosted its stake in EA in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 33,000 shares of ELECTRONIC ARTS COM which is valued at $2,173,710. ELECTRONIC ARTS COM makes up approx 0.05% of First Quadrant L Pca’s portfolio.Umb Bank N Amo reduced its stake in EA by selling 145 shares or 3.72% in the most recent quarter. The Hedge Fund company now holds 3,754 shares of EA which is valued at $247,276. ELECTRONIC ARTS COM makes up approx 0.01% of Umb Bank N Amo’s portfolio. Lebenthal Holdingsllc added EA to its portfolio by purchasing 32,368 company shares during the most recent quarter which is valued at $2,132,080. ELECTRONIC ARTS COM makes up approx 0.37% of Lebenthal Holdingsllc’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in EA in the latest quarter, The investment management firm added 9,187 additional shares and now holds a total of 71,204 shares of ELECTRONIC ARTS COM which is valued at $4,759,275. ELECTRONIC ARTS COM makes up approx 0.11% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.

On the company’s financial health, ELECTRONIC ARTS COM reported $1.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $1.81. The company had revenue of $1803.00 million for the quarter, compared to analysts expectations of $1805.24 million. The company’s revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS.

Electronic Arts Inc is a game software content and services provider. The Company develops markets publishes and distributes game software content for consumers of various video game machines and electronic devices. It also provides game software-related services. The Company’s brands include Battlefield Mass Effect Need for Speed Dragon Age The Sims Bejeweled and Plants v. Zombies as well as brands based on licensed intellectual property such as FIFA Madden NFL and Star Wars. The Company is organized around three divisions: EA Studios Maxis and EA Mobile. The EA Studios division develops games and related content and services across a range of game categories including the FIFA Madden NFL Need for Speed Battlefield Mass Effect and Dragon Age. The Maxis division creates games and related content and services that engage player creativity. The EA Mobile division focuses on developing and publishing interactive games for mobile phones and tablets.

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