Electronic Arts (EA) : Edmond De Rothschild Asset Management (luxembourg) added new position in Electronic Arts during the most recent quarter end. The investment management firm now holds 7,000 shares of Electronic Arts which is valued at $542,010 , the company said in a statement filed on Aug 10, 2016 with the SEC.Electronic Arts makes up approximately 0.41% of Edmond De Rothschild Asset Management (luxembourg)’s portfolio.
Other Hedge Funds, Including , Edmond De Rothschild (europe) sold out all of its stake in EA during the most recent quarter. The investment firm sold 110 shares of EA which is valued $8,517.Manning Napier Advisors reduced its stake in EA by selling 638,322 shares or 11.68% in the most recent quarter. The Hedge Fund company now holds 4,827,752 shares of EA which is valued at $385,447,720. Electronic Arts makes up approx 2.23% of Manning Napier Advisors’s portfolio.Nippon Life Insurance Co reduced its stake in EA by selling 448 shares or 2.31% in the most recent quarter. The Hedge Fund company now holds 18,943 shares of EA which is valued at $1,489,488. Electronic Arts makes up approx 0.04% of Nippon Life Insurance Co’s portfolio.Tokio Marine Asset Management Co Ltd reduced its stake in EA by selling 536 shares or 5.3% in the most recent quarter. The Hedge Fund company now holds 9,583 shares of EA which is valued at $734,729. Electronic Arts makes up approx 0.07% of Tokio Marine Asset Management Co Ltd’s portfolio. Bremer Trust National Association sold out all of its stake in EA during the most recent quarter. The investment firm sold 8,385 shares of EA which is valued $640,027.
Electronic Arts opened for trading at $80.95 and hit $81.89 on the upside on Friday, eventually ending the session at $81.76, with a gain of 0.96% or 0.78 points. The heightened volatility saw the trading volume jump to 32,38,734 shares. Company has a market cap of $24,591 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 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.