Alyeska Investment Group Lowers stake in Electronic Arts (EA)

Electronic Arts (EA) : Alyeska Investment Group reduced its stake in Electronic Arts by 34.96% during the most recent quarter end. The investment management company now holds a total of 1,225,129 shares of Electronic Arts which is valued at $94,861,738 after selling 658,516 shares in Electronic Arts , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Electronic Arts makes up approximately 0.93% of Alyeska Investment Group’s portfolio.

Other Hedge Funds, Including , Euclid Advisors reduced its stake in EA by selling 201,593 shares or 55.28% in the most recent quarter. The Hedge Fund company now holds 163,110 shares of EA which is valued at $12,629,607. Electronic Arts makes up approx 0.46% of Euclid Advisors’s portfolio.State Of Tennessee Treasury Department reduced its stake in EA by selling 48,953 shares or 24.64% in the most recent quarter. The Hedge Fund company now holds 149,724 shares of EA which is valued at $11,593,129. Electronic Arts makes up approx 0.06% of State Of Tennessee Treasury Department’s portfolio. Quadrature Capital Ltd sold out all of its stake in EA during the most recent quarter. The investment firm sold 7,663 shares of EA which is valued $593,346. Ssi Investment Management Inc added EA to its portfolio by purchasing 2,657 company shares during the most recent quarter which is valued at $206,847. Electronic Arts makes up approx 0.06% of Ssi Investment Management Inc’s portfolio.Navellier Associates Inc reduced its stake in EA by selling 59,590 shares or 22.05% in the most recent quarter. The Hedge Fund company now holds 210,692 shares of EA which is valued at $16,566,712. Electronic Arts makes up approx 2.42% of Navellier Associates Inc’s portfolio.

Electronic Arts closed down -1.12 points or -1.34% at $82.75 with 3,050,361 shares getting traded on Wednesday. Post opening the session at $83.76, the shares hit an intraday low of $82.54 and an intraday high of $84.27 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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 .

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.

Leave a Reply

Electronic Arts - Is it time to Sell?

Top Brokerage Firms are advising their investors on Electronic Arts. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.