Diversified Trust Co Has $1.62 Million Stake in Electronic Arts Inc. (NASDAQ:EA)
Diversified Trust Co lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 31.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 15,896 shares of the game software company’s stock after selling 7,251 shares during the period. Diversified Trust Co’s holdings in Electronic Arts were worth $1,616,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of EA. Icon Wealth Partners LLC acquired a new stake in Electronic Arts during the 1st quarter worth $28,000. North Star Investment Management Corp. acquired a new stake in Electronic Arts during the 1st quarter worth $29,000. Ropes Wealth Advisors LLC acquired a new stake in Electronic Arts during the 1st quarter worth $34,000. Berman Capital Advisors LLC raised its stake in Electronic Arts by 70.6% during the 1st quarter. Berman Capital Advisors LLC now owns 343 shares of the game software company’s stock worth $34,000 after acquiring an additional 142 shares in the last quarter. Finally, Cornerstone Advisors Inc. raised its stake in Electronic Arts by 86.6% during the 1st quarter. Cornerstone Advisors Inc. now owns 349 shares of the game software company’s stock worth $35,000 after acquiring an additional 162 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Andrew Wilson sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $92.03, for a total value of $828,270.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vijayanthimala Singh sold 500 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $92.92, for a total transaction of $46,460.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,744 shares of company stock valued at $8,112,960. 2.24% of the stock is currently owned by company insiders.
Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, May 7th. The game software company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.43. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.20 billion. Electronic Arts had a net margin of 20.59% and a return on equity of 22.62%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.31 earnings per share. On average, equities analysts predict that Electronic Arts Inc. will post 3.77 earnings per share for the current year.
A number of research analysts have commented on EA shares. Bank of America lifted their price objective on shares of Electronic Arts from $110.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, February 19th. MKM Partners restated a “neutral” rating and issued a $100.00 price objective (up from $92.00) on shares of Electronic Arts in a research note on Friday, May 3rd. They noted that the move was a valuation call. Piper Jaffray Companies restated an “overweight” rating and issued a $114.00 price objective (up from $111.00) on shares of Electronic Arts in a research note on Wednesday, April 3rd. Zacks Investment Research upgraded shares of Electronic Arts from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, BidaskClub upgraded shares of Electronic Arts from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $111.30.
Electronic Arts 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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