Electronic Arts (EA) : Kynikos Associates Lp scooped up 10,151 additional shares in Electronic Arts during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 92,285 shares of Electronic Arts which is valued at $7,145,628.Electronic Arts makes up approximately 2.68% of Kynikos Associates Lp’s portfolio.
Other Hedge Funds, Including , Stone Ridge Asset Management sold out all of its stake in EA during the most recent quarter. The investment firm sold 3,600 shares of EA which is valued $278,748.Gerstein Fisher reduced its stake in EA by selling 93 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 75,635 shares of EA which is valued at $5,888,185. Electronic Arts makes up approx 0.74% of Gerstein Fisher’s portfolio.Jennison Associates reduced its stake in EA by selling 216,211 shares or 7.87% in the most recent quarter. The Hedge Fund company now holds 2,530,819 shares of EA which is valued at $198,998,298. Electronic Arts makes up approx 0.21% of Jennison Associates’s portfolio.
Electronic Arts opened for trading at $81.52 and hit $81.99 on the upside on Thursday, eventually ending the session at $81.76, with a gain of 0.65% or 0.53 points. The heightened volatility saw the trading volume jump to 18,13,935 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.