Electronic Arts Inc. (EA) Stake Raised by Jag Capital Management LLC

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Jag Capital Management LLC lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 622.3% during the 1st quarter, HoldingsChannel reports. The fund owned 148,504 shares of the game software company’s stock after purchasing an additional 127,944 shares during the period. Electronic Arts accounts for 2.5% of Jag Capital Management LLC’s portfolio, making the stock its 20th biggest position. Jag Capital Management LLC’s holdings in Electronic Arts were worth $15,092,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Penserra Capital Management LLC acquired a new position in shares of Electronic Arts during the 4th quarter worth about $28,000. Baystate Wealth Management LLC raised its position in shares of Electronic Arts by 373.1% during the 4th quarter. Baystate Wealth Management LLC now owns 317 shares of the game software company’s stock worth $29,000 after purchasing an additional 250 shares during the last quarter. North Star Investment Management Corp. acquired a new position in shares of Electronic Arts during the 1st quarter worth about $29,000. Oregon Public Employees Retirement Fund raised its position in shares of Electronic Arts by 7,694.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,624,704 shares of the game software company’s stock worth $33,000 after purchasing an additional 2,591,032 shares during the last quarter. Finally, Ropes Wealth Advisors LLC acquired a new position in shares of Electronic Arts during the 1st quarter worth about $34,000. 92.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:EA traded down $3.98 during mid-day trading on Monday, reaching $97.85. 3,905,260 shares of the company were exchanged, compared to its average volume of 7,052,198. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.99 and a current ratio of 2.99. The stock has a market capitalization of $30.51 billion, a P/E ratio of 28.44, a PEG ratio of 1.73 and a beta of 1.19. Electronic Arts Inc. has a 1 year low of $73.91 and a 1 year high of $151.26.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, February 5th. The game software company reported $1.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.12. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Electronic Arts had a net margin of 26.77% and a return on equity of 23.21%. The firm’s quarterly revenue was down 18.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.60) EPS. Research analysts forecast that Electronic Arts Inc. will post 3.14 earnings per share for the current fiscal year.

In related news, insider Laura Miele sold 1,250 shares of the stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $91.77, for a total transaction of $114,712.50. Following the completion of the transaction, the insider now owns 6,760 shares of the company’s stock, valued at approximately $620,365.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 29,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $103.00, for a total transaction of $2,987,000.00. Following the transaction, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at approximately $2,060,000. The disclosure for this sale can be found here. Insiders have sold a total of 82,500 shares of company stock valued at $8,266,003 in the last ninety days. 2.24% of the stock is currently owned by corporate insiders.

A number of analysts have commented on the stock. Piper Jaffray Companies reiterated an “overweight” rating and issued a $114.00 price objective (up previously from $111.00) on shares of Electronic Arts in a report on Wednesday, April 3rd. SunTrust Banks set a $107.00 price objective on shares of Electronic Arts and gave the company a “buy” rating in a report on Monday, April 8th. Zacks Investment Research downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. BidaskClub downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating in a report on Friday, April 5th. Finally, Robert W. Baird cut their price objective on shares of Electronic Arts from $154.00 to $90.00 in a report on Wednesday, February 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $112.04.

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Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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