Ao Asset Management buys $26,246,694 stake in Electronic Arts (EA)

Electronic Arts (EA) : Ao Asset Management scooped up 175,800 additional shares in Electronic Arts during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 333,800 shares of Electronic Arts which is valued at $26,246,694.Electronic Arts makes up approximately 6.47% of Ao Asset Management’s portfolio.

Other Hedge Funds, Including , Rothschild Asset Management Inc added EA to its portfolio by purchasing 4,879 company shares during the most recent quarter which is valued at $383,636. Electronic Arts makes up approx 0.01% of Rothschild Asset Management Inc’s portfolio.Quantitative Investment Management reduced its stake in EA by selling 31,100 shares or 28.07% in the most recent quarter. The Hedge Fund company now holds 79,700 shares of EA which is valued at $6,266,811. Electronic Arts makes up approx 0.28% of Quantitative Investment Management’s portfolio. Meag Munich Ergo Kapitalanlagegesellschaft Mbh sold out all of its stake in EA during the most recent quarter. The investment firm sold 128,939 shares of EA which is valued $9,840,624.Ibm Retirement Fund reduced its stake in EA by selling 2,540 shares or 6.2% in the most recent quarter. The Hedge Fund company now holds 38,397 shares of EA which is valued at $2,930,843. Electronic Arts makes up approx 0.10% of Ibm Retirement Fund’s portfolio.Next Financial Group Inc boosted its stake in EA in the latest quarter, The investment management firm added 14,521 additional shares and now holds a total of 14,576 shares of Electronic Arts which is valued at $1,140,718. Electronic Arts makes up approx 0.36% of Next Financial Group Inc’s portfolio.

Electronic Arts closed down -0.57 points or -0.71% at $79.27 with 29,17,715 shares getting traded on Monday. Post opening the session at $79.85, the shares hit an intraday low of $79.17 and an intraday high of $79.99 and the price fluctuated in this range throughout the day.Shares ended Monday 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 .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 .

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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