BlackRock Inc. Reduces Stake in Electronic Arts Inc. (EA)

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16 September, 2017

Penn Capital Management Co Inc sold 60,989 shares as La Quinta Hldgs Inc (LQ)'s stock declined 2.52%. TimesSquare Capital Management LLC now owns 767,500 shares of the game software company's stock valued at $68,707,000 after purchasing an additional 3,600 shares during the period. Pfizer Incorporated now has $207.03B valuation. The stock decreased 1.03% or $0.17 during the last trading session, reaching $16.39. (NASDAQ:PAYX) shares. INMAN GRANT M sold $615,269 worth of stock or 10,654 shares. Paychex, Inc. (NASDAQ:PAYX) has risen 11.22% since September 15, 2016 and is uptrending. It has underperformed by 19.46% the S&P500. BlackRock Inc. owned about 6.26% of Electronic Arts worth $2,046,600,000 as of its most recent SEC filing. First Western Capital Management Company sold 6,200 shares as Electronic Arts Inc (EA)'s stock rose 23.30%. The Penn Capital Management Co Inc holds 50,861 shares with $2.03 million value, down from 111,850 last quarter.

In case of Revenue Estimates, 22 analysts have provided their consensus Average Revenue Estimates for Electronic Arts Inc.as 1.18 Billion. The stock rose 0.45% or $0.54 reaching $119.73 per share. The Stock now has a Weekly Volatility of 1.92% and Monthly Volatility of 2.12%.

Electronic Arts (NASDAQ:EA) opened at 119.19 on Thursday. It has outperformed by 29.75% the S&P500.

Analysts await Electronic Arts Inc. Therefore 91% are positive. Piper Jaffray Companies reiterated an "overweight" rating and issued a $89.00 price target on shares of Electronic Arts in a research report on Monday, October 24th. Jorgensen Blake J also sold $1.08 million worth of Electronic Arts Inc. Cowen and Company reissued a "hold" rating and issued a $106.00 price target on shares of Electronic Arts in a research note on Friday, September 8th.

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. (NASDAQ:EA) earned "Long-Term Buy" rating by Hilliard Lyons on Wednesday, March 30. Benchmark has "Buy" rating and $93.80 target. The rating was maintained by Credit Suisse on Monday, January 25 with "Outperform". Wedbush maintained the shares of EA in report on Friday, July 28 with "Buy" rating. Stifel Nicolaus maintained the stock with "Buy" rating in Friday, July 28 report. Electronic Arts has a consensus rating of "Buy" and an average price target of $117.01. The rating was upgraded by Bank of America to "Buy" on Wednesday, July 26. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Electronic Arts's revenue was up 13.6% compared to the same quarter previous year. (NASDAQ:EA) earned "Buy" rating by Piper Jaffray on Friday, June 23. The rating was maintained by RBC Capital Markets on Sunday, September 10 with "Sell".

Investors sentiment increased to 0.85 in 2016 Q4. Its down 0.17, from 1.2 in 2016Q3. It dived, as 71 investors sold EA shares while 214 reduced holdings.

Hedge funds have recently added to or reduced their stakes in the company. Invictus RG has an ownership of 1,307 stocks of the game software firms shares valued at $117,000 after scooping up an extra 1,148 shares through out the quarter. Royal Natl Bank Of Canada has invested 0.01% in Electronic Arts Inc. (NASDAQ:EA) to report on November, 7. its quarterly earnings Wall Street analysts expect $0.39 EPS, down $0.04 or 9.30 % from last year's $0.43 same quarter earnings. Moreover, Employees Retirement Association Of Colorado has 0.04% invested in Electronic Arts Inc. Fred Alger reported 3.55M shares. Inv Centers Of America holds 6,213 shares. Morgan Stanley holds 289,542 shares. Eagle Asset Management Inc holds 0.3% of its portfolio in Electronic Arts Inc. (NASDAQ:EA) for 579,829 shares. Bankshares Of Montreal Can holds 359,790 shares or 0.03% of its portfolio. Sandy Spring National Bank, Maryland-based fund reported 545 shares. Bb&T Lc holds 0.02% of its portfolio in Electronic Arts Inc. (NASDAQ:EA) or 100 shares. Moreover, Sumitomo Life has 0.31% invested in Electronic Arts Inc. Zacks Investment Research lowered Electronic Arts from a buy rating to a hold rating in a report on Friday, August 4th. Emerald Advisers Pa reported 20,201 shares or 0.07% of all its holdings. Lone Pine Lc stated it has 9.42 million shares. Burlington Stores Inc (NYSE:BURL) was reduced too.

Since March 20, 2017, it had 0 insider purchases, and 26 selling transactions for $50.31 million activity. 10,000 Electronic Arts Inc. (NASDAQ:EA) by 13.6% during the second quarter, according to its most recent Form 13F filing with the SEC. Finally, Captrust Financial Advisors bought a new stake in shares of Electronic Arts during the 2nd quarter worth $195,000. State Street Corp now owns 11,886,458 shares of the game software company's stock worth $1,064,069,000 after acquiring an additional 318,704 shares during the period. BlackRock Inc. now owns 20,764,484 shares of the game software company's stock worth $1,858,837,000 after purchasing an additional 20,174,721 shares during the period. LINZNER JOEL sold $457,155 worth of stock.

Investors sentiment decreased to 0.94 in 2016 Q4. Its down 0.01, from 0.95 in 2016Q3. It is flat, as 48 investors sold PAYX shares while 288 reduced holdings. only 71 funds opened positions while 258 raised stakes. Bahl And Gaynor owns 2.37M shares or 1.76% of their United States portfolio. (NASDAQ:EA). Coatue Mgmt Ltd Liability Corporation owns 4.35M shares. About 808,495 shares traded. 63,205 were reported by Asset Mngmt Inc. Summit Grp Incorporated Ltd Liability Com holds 8,430 shares or 0.11% of its portfolio.

Profund Advsr Limited Liability Co stated it has 22,203 shares or 0.08% of all its holdings. Retail Bank Of America Corp De has invested 0% in Ivy High Income Opportunities Fund (NYSE:IVH). Cap Impact Advsr Limited Liability stated it has 0.28% of its portfolio in Pfizer Inc.


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