Technology Crossover Management Vii LTD Lowered Its Holding in Electronic Arts INC (EA) as Valuation Rose

December 8, 2017 - By Vivian Park

Investors sentiment decreased to 1.03 in 2017 Q2. Its down 0.17, from 1.2 in 2017Q1. It turned negative, as 38 investors sold EA shares while 237 reduced holdings. 105 funds opened positions while 177 raised stakes. 285.59 million shares or 4.80% less from 300.00 million shares in 2017Q1 were reported. Washington Trust Bank accumulated 339 shares. Franklin Resources holds 0.05% or 1.02 million shares. Dowling And Yahnke Lc owns 0.04% invested in Electronic Arts Inc. (NASDAQ:EA) for 3,430 shares. Everence Mgmt Incorporated reported 0.14% stake. The Massachusetts-based Frontier Capital Mngmt Company has invested 1.29% in Electronic Arts Inc. (NASDAQ:EA). Wells Fargo Mn holds 0.05% or 1.62 million shares. First Manhattan Communication has 0% invested in Electronic Arts Inc. (NASDAQ:EA) for 629 shares. Cornerstone Cap Mgmt Holding Lc has invested 0.11% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). 1,405 were reported by Tower Rech Capital (Trc). Advisory Inc reported 20,072 shares. Aviva Plc holds 0.11% or 188,458 shares. Tudor Invest Corporation Et Al invested in 39,432 shares. State Street Corp invested in 11.73M shares. Apg Asset Mgmt Nv reported 0.17% stake. Jag Capital Mgmt Limited Liability Corp has invested 3.58% in Electronic Arts Inc. (NASDAQ:EA).

Since June 15, 2017, it had 0 insider purchases, and 3 selling transactions for $17.78 million activity. Shares for $5.57 million were sold by Soderlund Patrick on Friday, June 16. Another trade for 100,000 shares valued at $11.13 million was made by Wilson Andrew on Friday, June 16.

Technology Crossover Management Vii Ltd decreased its stake in Electronic Arts Inc. (EA) by 20% based on its latest 2017Q2 regulatory filing with the SEC. Technology Crossover Management Vii Ltd sold 703,807 shares as the company’s stock rose 23.30% with the market. The institutional investor held 2.82 million shares of the prepackaged software company at the end of 2017Q2, valued at $297.63M, down from 3.52 million at the end of the previous reported quarter. Technology Crossover Management Vii Ltd who had been investing in Electronic Arts Inc. for a number of months, seems to be less bullish one the $32.14B market cap company. The stock increased 1.15% or $1.19 during the last trading session, reaching $104.37. About 3.59 million shares traded or 11.34% up from the average. Electronic Arts Inc. (NASDAQ:EA) has risen 46.45% since December 8, 2016 and is uptrending. It has outperformed by 29.75% the S&P500.

Analysts await Electronic Arts Inc. (NASDAQ:EA) to report earnings on January, 30. They expect $2.10 earnings per share, down 14.29 % or $0.35 from last year’s $2.45 per share. EA’s profit will be $646.64 million for 12.43 P/E if the $2.10 EPS becomes a reality. After $0.50 actual earnings per share reported by Electronic Arts Inc. for the previous quarter, Wall Street now forecasts 320.00 % EPS growth.

More notable recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Seekingalpha.com which released: “EA Is Oversold After The Star Wars Battlefront II Fiasco” on December 07, 2017, also Seekingalpha.com with their article: “Electronic Arts: Pricey With Potential Headwinds Ahead” published on November 29, 2017, Seekingalpha.com published: “Electronic Arts – Are You Being Gamed?” on November 13, 2017. More interesting news about Electronic Arts Inc. (NASDAQ:EA) were released by: Investorplace.com and their article: “Electronic Arts Inc. Stock Is Not a Buy yet, But… It’s in the Game” published on November 29, 2017 as well as Investorplace.com‘s news article titled: “Electronic Arts Inc. Stock Is Priced Better, but Its Still Not a Buy” with publication date: December 07, 2017.

Electronic Arts Inc. (NASDAQ:EA) Ratings Coverage

Among 25 analysts covering Electronic Arts (NASDAQ:EA), 23 have Buy rating, 0 Sell and 2 Hold. Therefore 92% are positive. Electronic Arts had 75 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Monday, June 12 with “Hold”. The firm earned “Neutral” rating on Monday, July 27 by M Partners. The stock has “Buy” rating by Jefferies on Tuesday, October 3. The rating was maintained by Morgan Stanley on Wednesday, October 18 with “Overweight”. The firm has “Buy” rating given on Friday, August 25 by KeyBanc Capital Markets. Bank of America upgraded the stock to “Buy” rating in Friday, January 15 report. Mizuho maintained Electronic Arts Inc. (NASDAQ:EA) rating on Wednesday, February 1. Mizuho has “Neutral” rating and $94 target. The stock has “Buy” rating by Hilliard Lyons on Tuesday, February 9. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Hold” rating by Cowen & Co on Friday, July 28. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Buy” rating by Stifel Nicolaus on Friday, July 28.

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