Gilder Gagnon Howe Co Lowers stake in Electronic Arts (EA)

Electronic Arts (EA) : Gilder Gagnon Howe Co reduced its stake in Electronic Arts by 4.42% during the most recent quarter end. The investment management company now holds a total of 597,137 shares of Electronic Arts which is valued at $46,952,882 after selling 27,622 shares in Electronic Arts , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Electronic Arts makes up approximately 0.87% of Gilder Gagnon Howe Co’s portfolio.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in EA by selling 15,266 shares or 5.88% in the most recent quarter. The Hedge Fund company now holds 244,569 shares of EA which is valued at $19,230,460. Electronic Arts makes up approx 0.07% of Aberdeen Asset Management Plcuk’s portfolio.Chase Investment Counsel Corp reduced its stake in EA by selling 1,954 shares or 2.11% in the most recent quarter. The Hedge Fund company now holds 90,673 shares of EA which is valued at $6,951,899. Electronic Arts makes up approx 2.97% of Chase Investment Counsel Corp’s portfolio.American Century Companies Inc reduced its stake in EA by selling 103,926 shares or 2.02% in the most recent quarter. The Hedge Fund company now holds 5,037,961 shares of EA which is valued at $386,260,470. Electronic Arts makes up approx 0.43% of American Century Companies Inc’s portfolio. Copper Rock Capital Partners added EA to its portfolio by purchasing 6,725 company shares during the most recent quarter which is valued at $515,808. Electronic Arts makes up approx 0.04% of Copper Rock Capital Partners’s portfolio.

Electronic Arts closed down -0.4 points or -0.51% at $78.23 with 45,43,916 shares getting traded on Thursday. Post opening the session at $78.36, the shares hit an intraday low of $77.89 and an intraday high of $78.72 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Electronic Arts reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.03. The company had revenue of $682.00 million for the quarter, compared to analysts expectations of $650.42 million. The company’s revenue was down -1.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.15 EPS.

Many Wall Street Analysts have commented on Electronic Arts. Company shares were Reiterated by MKM Partners on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 88 from a previous price target of $87 .Company shares were Reiterated by The Benchmark Company on May 23, 2016 to “Buy”, Firm has raised the Price Target to $ 93.80 from a previous price target of $82.64 .Company shares were Reiterated by Stifel on May 12, 2016 to “Buy”, Firm has raised the Price Target to $ 82 from a previous price target of $81 .

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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