Riskx Investments Lowers stake in Electronic Arts (EA)

Electronic Arts (EA) : Riskx Investments reduced its stake in Electronic Arts by 6.08% during the most recent quarter end. The investment management company now holds a total of 10,049 shares of Electronic Arts which is valued at $790,153 after selling 650 shares in Electronic Arts , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Electronic Arts makes up approximately 0.67% of Riskx Investments’s portfolio.

Other Hedge Funds, Including , Delta Capital Management reduced its stake in EA by selling 960 shares or 26.52% in the most recent quarter. The Hedge Fund company now holds 2,660 shares of EA which is valued at $209,156. Electronic Arts makes up approx 0.16% of Delta Capital Management’s portfolio.Concert Wealth Management reduced its stake in EA by selling 124 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 5,833 shares of EA which is valued at $445,175. Electronic Arts makes up approx 0.06% of Concert Wealth Management’s portfolio.Pitcairn Co reduced its stake in EA by selling 11,142 shares or 65.63% in the most recent quarter. The Hedge Fund company now holds 5,834 shares of EA which is valued at $447,293. Electronic Arts makes up approx 0.06% of Pitcairn Co’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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