Technology Crossover Management Vi Llc decreased its stake in Electronic Arts Inc.* (EA) by 21.67% based on its latest 2016Q3 regulatory filing with the SEC. Technology Crossover Management Vi Llc sold 263,252 shares as the company’s stock rose 12.56% with the market. The institutional investor held 951,618 shares of the prepackaged software company at the end of 2016Q3, valued at $81.27 million, down from 1.21 million at the end of the previous reported quarter. Technology Crossover Management Vi Llc who had been investing in Electronic Arts Inc.* for a number of months, seems to be less bullish one the $23.78 billion market cap company. The stock is down 0.34% or $0.26 after the negative news, hitting $78.58 per share. About 769,835 shares traded hands. Electronic Arts Inc. (NASDAQ:EA) has risen 2.07% since June 7, 2016 and is uptrending. It has underperformed by 5.35% the S&P500.
Insitutional Activity: The institutional sentiment increased to 0.81 in 2016 Q3. Its up 0.10, from 0.71 in 2016Q2. The ratio increased, as 50 funds sold all EA shares owned while 235 reduced positions. 64 funds bought stakes while 166 increased positions. They now own 294.46 million shares or 1.78% less from 299.80 million shares in 2016Q2. Schroder Invest Gp last reported 0.03% of its portfolio in the stock. Oppenheimer And Company holds 0.02% of its portfolio in Electronic Arts Inc. (NASDAQ:EA) for 8,004 shares. Fjarde Ap owns 70,973 shares or 0.13% of their US portfolio. Daiwa Sb Limited accumulated 8,750 shares or 0.19% of the stock. Strs Ohio, a Ohio-based fund reported 10,057 shares. Strategic Glob Advsrs Ltd holds 0.5% or 17,777 shares in its portfolio. Security Natl Trust Communications owns 200 shares or 0.01% of their US portfolio. The New York-based Ibm Retirement Fund has invested 0.12% in Electronic Arts Inc. (NASDAQ:EA). Technologies Crossover Mngmt V Limited Liability Company has invested 100% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Guggenheim Cap Limited Liability has invested 0.24% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Herndon Cap Mngmt Ltd Llc accumulated 3,081 shares or 0.01% of the stock. The Texas-based Teacher Retirement Systems Of Texas has invested 0.01% in Electronic Arts Inc. (NASDAQ:EA). Benjamin F Edwards & Co last reported 500 shares in the company. Hightower Advsr Limited Liability Company holds 0.01% or 10,982 shares in its portfolio. Deutsche State Bank Ag last reported 0.06% of its portfolio in the stock.
Insider Transactions: Since July 13, 2016, the stock had 1 insider buy, and 43 selling transactions for $33.85 million net activity. 6,575 shares were bought by Simonson Richard A, worth $513,276. Jorgensen Blake J sold $829,715 worth of stock or 10,100 shares. The insider Bruzzo Chris sold 12,500 shares worth $978,023. $682,716 worth of Electronic Arts Inc. (NASDAQ:EA) shares were sold by LINZNER JOEL. Wilson Andrew also sold $617,457 worth of Electronic Arts Inc. (NASDAQ:EA) shares. $683,794 worth of shares were sold by Soderlund Patrick on Monday, October 3. Miele Laura also sold $213,751 worth of Electronic Arts Inc. (NASDAQ:EA) shares.
Analysts await Electronic Arts Inc. (NASDAQ:EA) to report earnings on January, 26. They expect $2.15 EPS, up 24.28% or $0.42 from last year’s $1.73 per share. EA’s profit will be $650.61 million for 9.13 P/E if the $2.15 EPS becomes a reality. After $0.43 actual EPS reported by Electronic Arts Inc. for the previous quarter, Wall Street now forecasts 400.00% EPS growth.
More important recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Fool.com which released: “Why Electronic Arts Inc. Jumped 15% in 2016” on January 11, 2017, also Seekingalpha.com published article titled: “Electronic Arts: Why You Should Buy It”, Twst.com published: “Electronic Arts Inc.: EA to Release Third Quarter Fiscal Year 2017 Results on …” on January 10, 2017. More interesting news about Electronic Arts Inc. (NASDAQ:EA) was released by: Investorplace.com and their article: “3 Big Stock Charts for Tuesday: Qualcomm, Inc. (QCOM), Electronic Arts Inc …” with publication date: January 03, 2017.
According to Zacks Investment Research, “Electronic Arts Inc. operates in two principal business segments globally: EA Core business segment: creation, marketing and distribution of entertainment software and the EA.com business segment: creation, marketing and distribution of entertainment software which can be played or sold online.”
Electronic Arts Inc. (NASDAQ:EA) Ratings Coverage
Out of 17 analysts covering Electronic Arts (NASDAQ:EA), 13 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 76% are positive. Electronic Arts has been the topic of 32 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The company was downgraded on Wednesday, March 30 by Hilliard Lyons. As per Wednesday, October 14, the company rating was upgraded by M Partners. Bank of America upgraded the stock to “Buy” rating in Friday, January 15 report. The company was maintained on Monday, August 10 by Piper Jaffray. The rating was initiated by BMO Capital Markets on Wednesday, April 27 with “Market Perform”. Bank of America downgraded the stock to “Neutral” rating in Monday, October 24 report. The firm has “Buy” rating by Mizuho given on Friday, October 30. The rating was maintained by Wedbush on Wednesday, October 26 with “Neutral”. As per Monday, October 26, the company rating was maintained by Stifel Nicolaus. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Buy” rating given on Monday, January 18 by Bank of America.
EA Company Profile
Electronic Arts Inc., incorporated on May 8, 1991, develops, markets, publishes and distributes games, content and services that can be played by clients 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. The Firm markets and sells its games and services through retail channels and through digital distribution channels.
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