Point72 Asset Management LP Holds Holding in Electronic Arts INC (EA)

August 9, 2018 - By Palma Niemeyer

Electronic Arts Inc. (NASDAQ:EA) LogoInvestors sentiment is 0.85 in Q1 2018. Its the same as in 2017Q4. It is without change, as 72 investors sold EA shares while 230 reduced holdings. only 84 funds opened positions while 173 raised stakes. 273.19 million shares or 2.68% less from 280.71 million shares in 2017Q4 were reported. Highland Management Ltd Liability Com has 0.04% invested in Electronic Arts Inc. (NASDAQ:EA) for 4,625 shares. Fincl Architects Inc holds 0% or 24 shares in its portfolio. Cullen Frost Bankers invested in 117,950 shares. Vision Cap Incorporated holds 26,822 shares or 0.96% of its portfolio. United Kingdom-based Gulf Interest Comml Bank (Uk) Limited has invested 0.15% in Electronic Arts Inc. (NASDAQ:EA). Advisor Partners Limited invested in 0.11% or 5,046 shares. Jane Street Ltd Co has invested 0.02% in Electronic Arts Inc. (NASDAQ:EA). First Quadrant Limited Partnership Ca invested in 7,255 shares. Guardian Life Insurance Of America invested 0.02% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Buckingham Asset Mgmt Lc has invested 0.04% in Electronic Arts Inc. (NASDAQ:EA). Soros Fund Mgmt Ltd Liability Co has invested 0.43% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Veritable Lp stated it has 0.02% in Electronic Arts Inc. (NASDAQ:EA). Regis Ltd Liability Corp holds 26,053 shares or 0.48% of its portfolio. Walleye Trading Ltd Limited Liability Company holds 0.02% of its portfolio in Electronic Arts Inc. (NASDAQ:EA) for 35,431 shares. The Missouri-based Amer Century Cos has invested 0.41% in Electronic Arts Inc. (NASDAQ:EA).

Since February 16, 2018, it had 0 insider buys, and 46 sales for $37.48 million activity. Bruzzo Chris sold $184,536 worth of stock or 1,500 shares. $132,710 worth of stock was sold by Schatz Jacob J. on Monday, May 21. Shares for $1.43M were sold by Jorgensen Blake J. Singh Vijayanthimala sold $24,908 worth of Electronic Arts Inc. (NASDAQ:EA) on Thursday, March 1. Miele Laura also sold $100,384 worth of Electronic Arts Inc. (NASDAQ:EA) shares. Wilson Andrew had sold 9,000 shares worth $1.07 million on Monday, April 2.

Point72 Asset Management Lp increased its stake in Electronic Arts Inc (EA) by 862.61% based on its latest 2018Q1 regulatory filing with the SEC. Point72 Asset Management Lp bought 2.74M shares as the company’s stock rose 2.55% while stock markets declined. The hedge fund held 3.06 million shares of the prepackaged software company at the end of 2018Q1, valued at $370.54M, up from 317,500 at the end of the previous reported quarter. Point72 Asset Management Lp who had been investing in Electronic Arts Inc for a number of months, seems to be bullish on the $39.31 billion market cap company. The stock increased 0.24% or $0.31 during the last trading session, reaching $128.41. About 2.53 million shares traded. Electronic Arts Inc. (NASDAQ:EA) has risen 15.83% since August 9, 2017 and is uptrending. It has outperformed by 3.26% the S&P500.

Point72 Asset Management Lp, which manages about $23.92B US Long portfolio, decreased its stake in Spdr S&P 500 Etf Tr (SPY) by 20,500 shares to 37,000 shares, valued at $9.74 million in 2018Q1, according to the filing. It also reduced its holding in Whirlpool Corp (NYSE:WHR) by 100,539 shares in the quarter, leaving it with 20,900 shares, and cut its stake in Noble Energy Inc (NYSE:NBL).

More notable recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Seekingalpha.com which released: “An Investor-Gamer’s Guide To Electronic Arts” on July 31, 2018, also Seekingalpha.com with their article: “EA launches premium game subscription with early access” published on July 30, 2018, Nasdaq.com published: “Game the Sale in Activision Blizzard Stock” on August 08, 2018. More interesting news about Electronic Arts Inc. (NASDAQ:EA) were released by: Nasdaq.com and their article: “New Research Coverage Highlights Electronic Arts, Agree Realty, Dana, Southwest Airlines, Boston Properties, and …” published on August 06, 2018 as well as Nasdaq.com‘s news article titled: “Electronic Arts (EA) Q1 Earnings: Is a Beat in the Cards?” with publication date: July 24, 2018.

Electronic Arts Inc. (NASDAQ:EA) Ratings Coverage

Among 9 analysts covering Electronic Arts (NASDAQ:EA), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Electronic Arts has $168 highest and $130 lowest target. $149.13’s average target is 16.14% above currents $128.41 stock price. Electronic Arts had 12 analyst reports since March 26, 2018 according to SRatingsIntel. On Wednesday, August 1 the stock rating was upgraded by Argus Research to “Buy”. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, July 11. Robert W. Baird maintained the shares of EA in report on Friday, April 13 with “Buy” rating. As per Monday, June 18, the company rating was maintained by KeyBanc Capital Markets. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Buy” rating given on Friday, June 15 by Stifel Nicolaus. As per Tuesday, May 1, the company rating was initiated by J.P. Morgan. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Buy” rating by Oppenheimer on Wednesday, May 9. The rating was maintained by Stifel Nicolaus on Monday, July 23 with “Buy”. Piper Jaffray maintained Electronic Arts Inc. (NASDAQ:EA) rating on Monday, June 11. Piper Jaffray has “Buy” rating and $14800 target. The rating was maintained by Stifel Nicolaus on Monday, March 26 with “Buy”.

Electronic Arts Inc. (NASDAQ:EA) Institutional Positions Chart

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