Electronic Arts (EA) Stock Rose While Lathrop Investment Management Corp Has Lowered Its Position

February 24, 2018 - By Louis Casey

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.12, from 1.03 in 2017Q2. It is positive, as 35 investors sold EA shares while 217 reduced holdings. 72 funds opened positions while 218 raised stakes. 281.04 million shares or 1.59% less from 285.59 million shares in 2017Q2 were reported. Hbk LP invested in 0.12% or 129,040 shares. Fox Point Mgmt reported 6.21% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Caisse De Depot Et Placement Du Quebec has invested 0.01% in Electronic Arts Inc. (NASDAQ:EA). Jacobs Ca, California-based fund reported 39,569 shares. 6.52 million were reported by Jpmorgan Chase & Com. Robeco Institutional Asset Mngmt Bv holds 306,795 shares or 0.22% of its portfolio. Twin Cap Mngmt Inc reported 87,560 shares or 0.54% of all its holdings. Pittenger Anderson holds 450 shares or 0% of its portfolio. Suntrust Banks Incorporated holds 0.01% or 22,114 shares in its portfolio. Country Club Tru Na accumulated 3,659 shares. New York-based Mark Asset has invested 3.92% in Electronic Arts Inc. (NASDAQ:EA). Walleye Trading Ltd invested in 31,090 shares or 0.02% of the stock. Samlyn Cap Limited Liability Co invested in 19,529 shares or 0.06% of the stock. 44,893 were reported by Daiwa Securities Group. Leuthold Limited Liability Com has 1.44% invested in Electronic Arts Inc. (NASDAQ:EA).

Since August 30, 2017, it had 0 insider purchases, and 31 sales for $22.28 million activity. Another trade for 5,000 shares valued at $641,514 was sold by Soderlund Patrick. 7,125 shares were sold by COLEMAN LEONARD S JR, worth $899,261 on Friday, February 16. $978,201 worth of Electronic Arts Inc. (NASDAQ:EA) was sold by Wilson Andrew on Tuesday, January 2. The insider Schatz Jacob J. sold 1,000 shares worth $113,600. Singh Vijayanthimala sold $21,040 worth of stock. Shares for $1.18M were sold by Jorgensen Blake J.

Lathrop Investment Management Corp decreased its stake in Electronic Arts (EA) by 14.27% based on its latest 2017Q3 regulatory filing with the SEC. Lathrop Investment Management Corp sold 27,293 shares as the company’s stock rose 23.30% with the market. The institutional investor held 163,903 shares of the prepackaged software company at the end of 2017Q3, valued at $19.35M, down from 191,196 at the end of the previous reported quarter. Lathrop Investment Management Corp who had been investing in Electronic Arts for a number of months, seems to be less bullish one the $38.99B market cap company. The stock increased 2.00% or $2.49 during the last trading session, reaching $127.1. About 2.48 million shares traded. Electronic Arts Inc. (NASDAQ:EA) has risen 46.45% since February 24, 2017 and is uptrending. It has outperformed by 29.75% the S&P500.

Lathrop Investment Management Corp, which manages about $440.08M and $357.23 million US Long portfolio, upped its stake in Walmart (NYSE:WMT) by 55,371 shares to 177,647 shares, valued at $13.88 million in 2017Q3, according to the filing.

Analysts await Electronic Arts Inc. (NASDAQ:EA) to report earnings on May, 8. They expect $0.99 EPS, up 70.69 % or $0.41 from last year’s $0.58 per share. EA’s profit will be $303.66 million for 32.10 P/E if the $0.99 EPS becomes a reality. After $2.06 actual EPS reported by Electronic Arts Inc. for the previous quarter, Wall Street now forecasts -51.94 % negative EPS growth.

More notable recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Usnews.com which released: “Electronic Arts Stock Soars on Rosy Outlook” on January 30, 2018, also Investorplace.com with their article: “This week, Electronic Arts (EA) stays a Strong Buy” published on February 23, 2018, Seekingalpha.com published: “EA director Coleman sells $900000 in stock” on February 22, 2018. More interesting news about Electronic Arts Inc. (NASDAQ:EA) were released by: Usatoday.com and their article: “Electronic Arts reports 3Q loss” published on January 30, 2018 as well as Benzinga.com‘s news article titled: “Both Electronic Arts And Motorola Have Had Bearish Technical Signals This Week” with publication date: February 13, 2018.

Electronic Arts Inc. (NASDAQ:EA) Ratings Coverage

Among 27 analysts covering Electronic Arts (NASDAQ:EA), 24 have Buy rating, 0 Sell and 3 Hold. Therefore 89% are positive. Electronic Arts had 92 analyst reports since July 28, 2015 according to SRatingsIntel. Cowen & Co maintained the stock with “Hold” rating in Friday, July 28 report. As per Monday, January 25, the company rating was maintained by Credit Suisse. Oppenheimer initiated Electronic Arts Inc. (NASDAQ:EA) on Thursday, November 12 with “Outperform” rating. Hilliard Lyons upgraded the shares of EA in report on Tuesday, February 9 to “Buy” rating. The firm has “Hold” rating given on Monday, December 18 by BTIG Research. As per Wednesday, January 31, the company rating was maintained by KeyBanc Capital Markets. The firm earned “Market Perform” rating on Wednesday, April 27 by BMO Capital Markets. The company was maintained on Thursday, December 8 by Benchmark. Credit Suisse maintained it with “Buy” rating and $11400 target in Friday, May 26 report. The stock has “Buy” rating by Robert W. Baird on Thursday, September 14.

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