Pinnacle Wealth Planning Services Inc. lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 21.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,895 shares of the game software company’s stock after selling 785 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Electronic Arts were worth $294,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the company. Penserra Capital Management LLC acquired a new position in shares of Electronic Arts in the 4th quarter worth approximately $28,000. Baystate Wealth Management LLC grew its position in shares of Electronic Arts by 373.1% in the 4th quarter. Baystate Wealth Management LLC now owns 317 shares of the game software company’s stock worth $29,000 after acquiring an additional 250 shares in the last quarter. North Star Investment Management Corp. acquired a new position in shares of Electronic Arts in the 1st quarter worth approximately $29,000. Oregon Public Employees Retirement Fund grew its position in shares of Electronic Arts by 7,694.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,624,704 shares of the game software company’s stock worth $33,000 after acquiring an additional 2,591,032 shares in the last quarter. Finally, Ropes Wealth Advisors LLC acquired a new position in shares of Electronic Arts in the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 92.60% of the company’s stock.
In other Electronic Arts news, CEO Andrew Wilson sold 29,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $103.00, for a total value of $2,987,000.00. Following the completion of the sale, the chief executive officer now owns 20,000 shares of the company’s stock, valued at $2,060,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Jacob J. Schatz sold 7,000 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $96.86, for a total value of $678,020.00. Following the completion of the sale, the general counsel now directly owns 19,168 shares of the company’s stock, valued at approximately $1,856,612.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,900 shares of company stock valued at $7,349,568. Insiders own 2.24% of the company’s stock.
Shares of NASDAQ EA traded down $0.86 during mid-day trading on Wednesday, reaching $94.79. The company had a trading volume of 14,672 shares, compared to its average volume of 6,524,932. The company has a quick ratio of 2.99, a current ratio of 2.82 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $28.43 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 1.56 and a beta of 1.12. Electronic Arts Inc. has a 1-year low of $73.91 and a 1-year high of $151.26.
Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, May 7th. The game software company reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.43. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Electronic Arts had a return on equity of 22.62% and a net margin of 20.59%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.31 EPS. As a group, analysts anticipate that Electronic Arts Inc. will post 3.79 earnings per share for the current year.
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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