Electronic Arts INC (EA) Market Value Declined While Dsam Partners Llp Cut Stake

September 16, 2018 - By Catherine Diaz

Electronic Arts Inc. (NASDAQ:EA) LogoInvestors sentiment increased to 1.1 in 2018 Q2. Its up 0.25, from 0.85 in 2018Q1. It is positive, as 31 investors sold EA shares while 228 reduced holdings. 91 funds opened positions while 195 raised stakes. 270.23 million shares or 1.08% less from 273.19 million shares in 2018Q1 were reported. Bancorp Of Nova Scotia invested 0.05% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Stone Ridge Asset Limited Liability Company holds 21,106 shares. Commerce Fincl Bank stated it has 5,220 shares or 0.01% of all its holdings. Holderness Investments stated it has 2,050 shares. Braun Stacey Associates holds 0.98% or 102,837 shares. 25,801 were accumulated by Shell Asset Mngmt. Moreover, Atria Limited Liability Corp has 0.05% invested in Electronic Arts Inc. (NASDAQ:EA) for 7,863 shares. Guggenheim Capital Ltd Limited Liability Company stated it has 0.09% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Coastline Co invested 0.65% in Electronic Arts Inc. (NASDAQ:EA). New Jersey-based Lord Abbett Ltd Liability Corp has invested 0.17% in Electronic Arts Inc. (NASDAQ:EA). Csat Investment Advisory Lp accumulated 30 shares. 9,213 are held by Wolverine Asset Management. First Bank Of Hutchinson, a Kansas-based fund reported 2,426 shares. The New York-based Goldman Sachs Gp has invested 0.13% in Electronic Arts Inc. (NASDAQ:EA). Decatur Cap has 2.48% invested in Electronic Arts Inc. (NASDAQ:EA).

Since March 20, 2018, it had 0 buys, and 44 sales for $37.97 million activity. $200,761 worth of Electronic Arts Inc. (NASDAQ:EA) was sold by Bruzzo Chris. Miele Laura sold $141,342 worth of stock. $148,190 worth of stock was sold by Schatz Jacob J. on Friday, July 20. Wilson Andrew sold $1.07M worth of stock or 9,000 shares. $23,612 worth of Electronic Arts Inc. (NASDAQ:EA) was sold by Singh Vijayanthimala. Bilbey Matthew sold $2.12 million worth of stock.

Dsam Partners Llp decreased its stake in Electronic Arts Inc (EA) by 30.75% based on its latest 2018Q2 regulatory filing with the SEC. Dsam Partners Llp sold 80,911 shares as the company’s stock declined 21.13% while stock markets rallied. The hedge fund held 182,241 shares of the prepackaged software company at the end of 2018Q2, valued at $25.70 million, down from 263,152 at the end of the previous reported quarter. Dsam Partners Llp who had been investing in Electronic Arts Inc for a number of months, seems to be less bullish one the $34.83 billion market cap company. The stock increased 0.38% or $0.43 during the last trading session, reaching $114.27. About 3.21M shares traded. Electronic Arts Inc. (NASDAQ:EA) has declined 6.15% since September 16, 2017 and is downtrending. It has underperformed by 21.77% the S&P500.

Dsam Partners Llp, which manages about $496.31 million US Long portfolio, upped its stake in Amazon Com Inc (NASDAQ:AMZN) by 2,321 shares to 17,677 shares, valued at $30.05M in 2018Q2, according to the filing.

Analysts await Electronic Arts Inc. (NASDAQ:EA) to report earnings on October, 30. They expect $0.40 EPS, down 20.00 % or $0.10 from last year’s $0.5 per share. EA’s profit will be $121.93 million for 71.42 P/E if the $0.40 EPS becomes a reality. After $0.07 actual EPS reported by Electronic Arts Inc. for the previous quarter, Wall Street now forecasts 471.43 % EPS growth.

More notable recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Seekingalpha.com which released: “Is It Game Over For Electronic Arts?” on September 10, 2018, also Seekingalpha.com with their article: “BofAML steps to EA sidelines after bookings revision” published on August 31, 2018, Fool.com published: “Why Electronic Arts Stock Fell 11.9% in August” on September 11, 2018. More interesting news about Electronic Arts Inc. (NASDAQ:EA) were released by: Nasdaq.com and their article: “Activision Blizzard and Electronic Arts Both Get Hit by Downgrades” published on August 31, 2018 as well as Seekingalpha.com‘s news article titled: “EA – Market Underestimates Upcoming Volatility” with publication date: August 25, 2018.

Electronic Arts Inc. (NASDAQ:EA) Ratings Coverage

Among 13 analysts covering Electronic Arts (NASDAQ:EA), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Electronic Arts had 19 analyst reports since March 26, 2018 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Outperform” rating in Friday, August 31 report. On Friday, August 31 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. Morgan Stanley maintained Electronic Arts Inc. (NASDAQ:EA) rating on Friday, August 31. Morgan Stanley has “Equal-Weight” rating and $122 target. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Buy” rating given on Friday, June 15 by Stifel Nicolaus. As per Friday, August 31, the company rating was maintained by UBS. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, July 11. The firm earned “Buy” rating on Friday, April 13 by Robert W. Baird. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Buy” rating by Piper Jaffray on Monday, June 11. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Buy” rating given on Tuesday, May 1 by J.P. Morgan. Stifel Nicolaus maintained the shares of EA in report on Monday, July 23 with “Buy” rating.

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

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