Electronic Arts (EA) : Two Sigma Investments Lp scooped up 1,699,921 additional shares in Electronic Arts during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,716,735 shares of Electronic Arts which is valued at $132,926,791.Electronic Arts makes up approximately 0.61% of Two Sigma Investments Lp’s portfolio.
Other Hedge Funds, Including , Aqr Capital Management reduced its stake in EA by selling 2,489,514 shares or 60.0% in the most recent quarter. The Hedge Fund company now holds 1,659,676 shares of EA which is valued at $128,508,713. Electronic Arts makes up approx 0.22% of Aqr Capital Management’s portfolio.Mitsubishi Ufj Trust Banking Corp boosted its stake in EA in the latest quarter, The investment management firm added 12,977 additional shares and now holds a total of 628,608 shares of Electronic Arts which is valued at $48,673,117. Electronic Arts makes up approx 0.10% of Mitsubishi Ufj Trust Banking Corp’s portfolio.Pegasus Partners Ltd. boosted its stake in EA in the latest quarter, The investment management firm added 1,365 additional shares and now holds a total of 11,005 shares of Electronic Arts which is valued at $856,739. Electronic Arts makes up approx 0.43% of Pegasus Partners Ltd.’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.Strs Ohio reduced its stake in EA by selling 10,481 shares or 43.48% in the most recent quarter. The Hedge Fund company now holds 13,626 shares of EA which is valued at $1,044,705.
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 Companys 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.