Sarasin Partners Llp buys $67,151,616 stake in Electronic Arts (EA)

Electronic Arts (EA) : Sarasin Partners Llp scooped up 19,866 additional shares in Electronic Arts during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 813,072 shares of Electronic Arts which is valued at $67,151,616.Electronic Arts makes up approximately 1.07% of Sarasin Partners Llp’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors reduced its stake in EA by selling 2,100 shares or 2.21% in the most recent quarter. The Hedge Fund company now holds 92,951 shares of EA which is valued at $7,749,325. Electronic Arts makes up approx 0.10% of Nisa Investment Advisors’s portfolio.Legal General Group Plc reduced its stake in EA by selling 25,089 shares or 2.01% in the most recent quarter. The Hedge Fund company now holds 1,223,853 shares of EA which is valued at $102,032,625. Electronic Arts makes up approx 0.11% of Legal General Group Plc’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in EA in the latest quarter, The investment management firm added 90,903 additional shares and now holds a total of 257,786 shares of Electronic Arts which is valued at $22,032,969. Electronic Arts makes up approx 0.09% of Bnp Paribas Arbitrage Sa’s portfolio.

Electronic Arts opened for trading at $82.35 and hit $83.98 on the upside on Friday, eventually ending the session at $82.59, with a gain of 1.02% or 0.83 points. The heightened volatility saw the trading volume jump to 26,58,305 shares. Company has a market cap of $24,840 M.

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 Oppenheimer on Oct 14, 2016 to “Outperform”, Firm has raised the Price Target to $ 94 from a previous price target of $88 .Electronic Arts was Initiated by Morgan Stanley to “Overweight” on Sep 23, 2016. Company shares were Reiterated by Stifel on Sep 12, 2016 to “Buy”, Firm has raised the Price Target to $ 87 from a previous price target of $83 .

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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