Boston Advisors Lowers stake in Electronic Arts (EA)

Electronic Arts (EA) : Boston Advisors reduced its stake in Electronic Arts by 14.34% during the most recent quarter end. The investment management company now holds a total of 331,733 shares of Electronic Arts which is valued at $25,433,969 after selling 55,535 shares in Electronic Arts , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Electronic Arts makes up approximately 0.62% of Boston Advisors’s portfolio.

Other Hedge Funds, Including , Retirement Systems Of Alabama reduced its stake in EA by selling 4,029 shares or 2.55% in the most recent quarter. The Hedge Fund company now holds 153,764 shares of EA which is valued at $11,789,086. Electronic Arts makes up approx 0.07% of Retirement Systems Of Alabama’s portfolio.Hartford Investment Management Co reduced its stake in EA by selling 2,347 shares or 3.1% in the most recent quarter. The Hedge Fund company now holds 73,371 shares of EA which is valued at $5,600,408. Electronic Arts makes up approx 0.11% of Hartford Investment Management Co’s portfolio. Trellus Management Company sold out all of its stake in EA during the most recent quarter. The investment firm sold 7,000 shares of EA which is valued $536,900.Livforsakringsbolaget Skandia Omsesidigt boosted its stake in EA in the latest quarter, The investment management firm added 7,900 additional shares and now holds a total of 41,279 shares of Electronic Arts which is valued at $3,230,495. Electronic Arts makes up approx 0.14% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.Bank Of Stockton boosted its stake in EA in the latest quarter, The investment management firm added 225 additional shares and now holds a total of 13,875 shares of Electronic Arts which is valued at $1,085,858. Electronic Arts makes up approx 0.57% of Bank Of Stockton’s portfolio.

Electronic Arts opened for trading at $76.48 and hit $76.53 on the upside on Friday, eventually ending the session at $76.32, with a gain of 0.05% or 0.04 points. The heightened volatility saw the trading volume jump to 29,11,113 shares. Company has a market cap of $23,019 M.

On the company’s financial health, Electronic Arts reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.42. The company had revenue of $924.00 million for the quarter, compared to analysts expectations of $888.93 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.

Many Wall Street Analysts have commented on Electronic Arts. 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 .Company shares were Reiterated by The Benchmark Company on May 11, 2016 to “Buy”, Firm has raised the Price Target to $ 82.64 from a previous price target of $81.48 .

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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