Capital One National Association Cuts Stake in Electronic Arts Inc. (EA)

Capital One National Association reduced its stake in Electronic Arts Inc. (NASDAQ:EA) by 6.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,543 shares of the game software company’s stock after selling 4,114 shares during the period. Capital One National Association’s holdings in Electronic Arts were worth $6,612,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EA. Guardian Life Insurance Co. of America boosted its position in shares of Electronic Arts by 2.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock worth $107,000 after buying an additional 34 shares during the last quarter. Invictus RG boosted its position in shares of Electronic Arts by 722.0% in the first quarter. Invictus RG now owns 1,307 shares of the game software company’s stock worth $117,000 after buying an additional 1,148 shares during the last quarter. Commerce Bank bought a new position in shares of Electronic Arts during the first quarter worth about $203,000. Intrust Bank NA bought a new position in shares of Electronic Arts during the first quarter worth about $204,000. Finally, Two Sigma Securities LLC bought a new position in shares of Electronic Arts during the first quarter worth about $205,000. 98.46% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Inc. (NASDAQ EA) traded up 0.40% during trading on Monday, hitting $107.88. The stock had a trading volume of 920,319 shares. The stock has a 50 day moving average of $111.09 and a 200 day moving average of $92.64. Electronic Arts Inc. has a one year low of $73.74 and a one year high of $116.04. The firm has a market capitalization of $33.45 billion, a P/E ratio of 35.03 and a beta of 0.70. Electronic Arts also was the target of unusually large options trading on Friday. Stock traders bought 7,053 call options on the stock. This is an increase of approximately 362% compared to the average daily volume of 1,525 call options.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, May 9th. The game software company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.61 by $0.03. Electronic Arts had a return on equity of 27.60% and a net margin of 19.96%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the business earned $0.50 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. Equities research analysts expect that Electronic Arts Inc. will post $4.22 earnings per share for the current fiscal year.

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A number of analysts have recently weighed in on EA shares. Piper Jaffray Companies restated a “buy” rating and issued a $99.00 target price on shares of Electronic Arts in a research note on Monday, May 1st. Vetr upgraded Electronic Arts from a “strong sell” rating to a “buy” rating and set a $94.20 target price for the company in a research note on Wednesday, April 12th. Jefferies Group LLC restated a “buy” rating and issued a $110.00 target price on shares of Electronic Arts in a research note on Monday, April 10th. MKM Partners restated a “buy” rating and issued a $109.00 target price (up from $95.00) on shares of Electronic Arts in a research note on Friday, May 5th. Finally, Mizuho set a $115.00 target price on Electronic Arts and gave the company a “buy” rating in a research note on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $106.82.

In other Electronic Arts news, CEO Andrew Wilson sold 9,059 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $105.91, for a total value of $959,438.69. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jacob J. Schatz sold 2,200 shares of the stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $89.69, for a total value of $197,318.00. Following the completion of the transaction, the senior vice president now owns 18,380 shares in the company, valued at approximately $1,648,502.20. The disclosure for this sale can be found here. Insiders have sold 437,057 shares of company stock valued at $45,999,879 in the last ninety days. 2.55% of the stock is currently owned by insiders.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

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

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