Copper Rock Capital Partners LLC Cuts Stake in Electronic Arts Inc. (EA)
Copper Rock Capital Partners LLC lessened its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 17.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 85,084 shares of the game software company’s stock after selling 18,183 shares during the quarter. Copper Rock Capital Partners LLC’s holdings in Electronic Arts were worth $8,960,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in EA. Tower Research Capital LLC TRC raised its stake in Electronic Arts by 310.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock valued at $149,000 after purchasing an additional 1,063 shares during the last quarter. Bessemer Group Inc. raised its stake in Electronic Arts by 144.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after purchasing an additional 783 shares during the last quarter. Dupont Capital Management Corp acquired a new position in Electronic Arts in the 3rd quarter valued at about $183,000. Captrust Financial Advisors acquired a new position in Electronic Arts in the 2nd quarter valued at about $195,000. Finally, GHP Investment Advisors Inc. acquired a new position in Electronic Arts in the 3rd quarter valued at about $202,000. 93.51% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently weighed in on EA. Vetr downgraded shares of Electronic Arts from a “sell” rating to a “strong sell” rating and set a $99.63 target price for the company. in a research note on Monday. BMO Capital Markets upgraded Electronic Arts from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $112.39 to $97.00 in a report on Monday. They noted that the move was a valuation call. Zacks Investment Research cut Electronic Arts from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Wedbush restated a “buy” rating on shares of Electronic Arts in a report on Tuesday, January 2nd. Finally, Cowen restated a “hold” rating and issued a $104.00 price target on shares of Electronic Arts in a report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have given a buy rating to the company. Electronic Arts has a consensus rating of “Buy” and a consensus target price of $122.37.
In other Electronic Arts news, EVP Chris Bruzzo sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $113.78, for a total value of $170,670.00. Following the completion of the transaction, the executive vice president now owns 40,662 shares in the company, valued at approximately $4,626,522.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $113.60, for a total value of $113,600.00. Following the completion of the transaction, the senior vice president now owns 20,950 shares of the company’s stock, valued at approximately $2,379,920. The disclosure for this sale can be found here. Insiders have sold a total of 57,016 shares of company stock valued at $6,172,470 in the last quarter. Company insiders own 2.55% of the company’s stock.
Shares of Electronic Arts Inc. (NASDAQ EA) opened at $113.22 on Tuesday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23. Electronic Arts Inc. has a fifty-two week low of $77.94 and a fifty-two week high of $122.79. The stock has a market capitalization of $34,950.00, a PE ratio of 29.87, a PEG ratio of 1.85 and a beta of 0.61.
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Electronic Arts 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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