Terra Nova Asset Management adds Electronic Arts (EA) to its portfolio

Electronic Arts (EA) : Terra Nova Asset Management added new position in Electronic Arts during the most recent quarter end. The investment management firm now holds 7,735 shares of Electronic Arts which is valued at $644,867 , the company said in a statement filed on Oct 12, 2016 with the SEC.Electronic Arts makes up approximately 1.43% of Terra Nova Asset Management’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.Oregon Public Employees Retirement Fund reduced its stake in EA by selling 6,368 shares or 16.95% in the most recent quarter. The Hedge Fund company now holds 31,208 shares of EA which is valued at $2,644,566. Electronic Arts makes up approx 0.06% of Oregon Public Employees Retirement Fund’s portfolio.Simplex Trading boosted its stake in EA in the latest quarter, The investment management firm added 50,384 additional shares and now holds a total of 58,002 shares of Electronic Arts which is valued at $4,861,148. Electronic Arts makes up approx 0.63% of Simplex Trading’s portfolio.Chevy Chase Trust Holdings reduced its stake in EA by selling 6,674 shares or 2.59% in the most recent quarter. The Hedge Fund company now holds 250,978 shares of EA which is valued at $21,451,090. Electronic Arts makes up approx 0.12% of Chevy Chase Trust Holdings’s portfolio.

Electronic Arts closed down -1.37 points or -1.62% at $83.37 with 23,08,846 shares getting traded on Tuesday. Post opening the session at $84.7, the shares hit an intraday low of $83.15 and an intraday high of $84.8 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. 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 .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 .

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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