Passport Capital buys $1.7 Million stake in Electronic Arts (EA)

Electronic Arts (EA) : Passport Capital scooped up 10,916 additional shares in Electronic Arts during the Q4 period, according to a recent disclosure to the SEC. The investment management firm now holds a total of 26,082 shares of Electronic Arts which is valued at $1.7 Million.Electronic Arts makes up approximately 0.05% of Passport Capital’s portfolio.

Other Hedge Funds, Including , Point72 Asset Management boosted its stake in EA during the Q4 period, The investment management firm added 934,000 additional shares and now holds a total of 1,617,800 shares of Electronic Arts which is valued at $104.1 Million. Electronic Arts makes up approx 0.97% of Point72 Asset Management’s portfolio.Ngam Advisors reduced its stake in EA by selling 17,874 shares or 38.79% during the fourth quarter. The Hedge Fund company now holds 28,201 shares of EA which is valued at $1.8 Million. Electronic Arts makes up approx 0.03% of Ngam Advisors’s portfolio.Exane Derivatives boosted its stake in EA during the Q4 period, The investment management firm added 945 additional shares and now holds a total of 948 shares of Electronic Arts which is valued at $60,975. Electronic Arts makes up approx 0.01% of Exane Derivatives’s portfolio.Group One Trading boosted its stake in EA during the Q4 period, The investment management firm added 7,821 additional shares and now holds a total of 27,269 shares of Electronic Arts which is valued at $1.8 Million. Electronic Arts makes up approx 0.15% of Group One Trading’s portfolio.Bank Of Hawaii reduced its stake in EA by selling 910 shares or 3.16% during the fourth quarter. The Hedge Fund company now holds 27,900 shares of EA which is valued at $1.8 Million. Electronic Arts makes up approx 0.20% of Bank Of Hawaii’s portfolio.

On the company’s financial health, Electronic Arts reported $1.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $1.81. The company had revenue of $1803.00 million for the quarter, compared to analysts expectations of $1805.24 million. The company’s revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS.

Many Wall Street Analysts have commented on Electronic Arts. BofA/Merrill Upgraded Electronic Arts on Jan 15, 2016 to ” Buy”, Price Target of the shares are set at $81.Electronic Arts was Upgraded by Atlantic Equities to ” Overweight” on Dec 4, 2015.

Electronic Arts closed down -1.9 points or -2.89% at $63.93 with 29,21,685 shares getting traded on Thursday. Post opening the session at $65.7, the shares hit an intraday low of $63.665 and an intraday high of $65.91 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Electronic Arts Inc is a game software content and services provider. The Company develops markets publishes and distributes game software content for consumers of various video game machines and electronic devices. It also provides game software-related services. The Company’s brands include Battlefield Mass Effect Need for Speed Dragon Age The Sims Bejeweled and Plants v. Zombies as well as brands based on licensed intellectual property such as FIFA Madden NFL and Star Wars. The Company is organized around three divisions: EA Studios Maxis and EA Mobile. The EA Studios division develops games and related content and services across a range of game categories including the FIFA Madden NFL Need for Speed Battlefield Mass Effect and Dragon Age. The Maxis division creates games and related content and services that engage player creativity. The EA Mobile division focuses on developing and publishing interactive games for mobile phones and tablets.

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