TradeLink Capital LLC Takes Position in Electronic Arts Inc. (EA)

TradeLink Capital LLC purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,400 shares of the game software company’s stock, valued at approximately $631,000. Electronic Arts accounts for 2.8% of TradeLink Capital LLC’s holdings, making the stock its 11th biggest position.

Other hedge funds have also recently bought and sold shares of the company. IFM Investors Pty Ltd lifted its holdings in shares of Electronic Arts by 46.0% during the 2nd quarter. IFM Investors Pty Ltd now owns 13,878 shares of the game software company’s stock worth $1,957,000 after acquiring an additional 4,375 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Electronic Arts by 17.1% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,479 shares of the game software company’s stock worth $773,000 after acquiring an additional 800 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Electronic Arts by 5.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 48,574 shares of the game software company’s stock worth $6,849,000 after acquiring an additional 2,405 shares during the period. Xact Kapitalforvaltning AB lifted its holdings in shares of Electronic Arts by 0.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 56,992 shares of the game software company’s stock worth $8,037,000 after acquiring an additional 371 shares during the period. Finally, Gofen & Glossberg LLC IL purchased a new position in shares of Electronic Arts during the 2nd quarter worth about $388,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Andrew Wilson sold 29,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $113.13, for a total transaction of $3,280,770.00. Following the completion of the sale, the chief executive officer now owns 20,000 shares of the company’s stock, valued at $2,262,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lawrence F. Probst III sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $111.34, for a total transaction of $278,350.00. Following the sale, the director now directly owns 112,338 shares of the company’s stock, valued at approximately $12,507,712.92. The disclosure for this sale can be found here. Insiders have sold 109,750 shares of company stock worth $12,200,643 in the last quarter. Insiders own 2.24% of the company’s stock.

EA opened at $93.41 on Thursday. The company has a market cap of $28.11 billion, a PE ratio of 27.03, a PEG ratio of 1.59 and a beta of 0.96. Electronic Arts Inc. has a 52-week low of $89.12 and a 52-week high of $151.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.84 and a current ratio of 3.52.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, October 30th. The game software company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.46. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Electronic Arts had a net margin of 18.76% and a return on equity of 26.01%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 earnings per share. Equities research analysts predict that Electronic Arts Inc. will post 3.87 EPS for the current fiscal year.

EA has been the topic of several research reports. UBS Group upgraded shares of Electronic Arts to a “positive” rating in a report on Thursday, July 12th. Wedbush restated a “buy” rating and issued a $158.00 price target on shares of Electronic Arts in a report on Monday, July 23rd. Stifel Nicolaus raised their price target on shares of Electronic Arts from $157.00 to $159.00 and gave the company a “$146.56” rating in a report on Monday, July 23rd. Piper Jaffray Companies raised their price target on shares of Electronic Arts to $165.00 and gave the company an “overweight” rating in a report on Wednesday, July 25th. Finally, Credit Suisse Group raised their price target on shares of Electronic Arts from $143.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, July 25th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $134.68.

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About Electronic Arts

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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