Electronic Arts INC (EA) Holder Quantitative Investment Management LLC Has Lifted Position by $10.31 Million as Stock Declined

September 30, 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 improved, 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. Covington Mngmt stated it has 13,895 shares. Blb&B Ltd Limited Liability Company holds 2,000 shares or 0.04% of its portfolio. Texas Permanent School Fund invested in 0.14% or 74,877 shares. Ems Capital Limited Partnership has 4.28% invested in Electronic Arts Inc. (NASDAQ:EA). The France-based Tobam has invested 0.18% in Electronic Arts Inc. (NASDAQ:EA). 253,879 were accumulated by Hbk L P. Gulf Interest Retail Bank (Uk) accumulated 0.18% or 99,749 shares. Ohio-based Private Harbour Invest Management & Counsel Ltd has invested 1.71% in Electronic Arts Inc. (NASDAQ:EA). Tcw Grp Incorporated holds 0.17% or 144,913 shares in its portfolio. Hillhouse Cap Mgmt has invested 1.96% in Electronic Arts Inc. (NASDAQ:EA). Nelson Roberts Inv Advisors Limited Liability Corp has 614 shares for 0.02% of their portfolio. Pictet Asset Limited accumulated 654,659 shares or 0.22% of the stock. Winslow Evans & Crocker stated it has 0.01% in Electronic Arts Inc. (NASDAQ:EA). Lombard Odier Asset Management (Usa) Corp holds 71,983 shares or 0.66% of its portfolio. Btg Pactual Glob Asset Limited reported 28,141 shares.

Since April 2, 2018, it had 0 insider buys, and 39 sales for $34.88 million activity. Another trade for 1,000 shares valued at $132,710 was sold by Schatz Jacob J.. Miele Laura also sold $89,265 worth of Electronic Arts Inc. (NASDAQ:EA) shares. 9,000 shares were sold by Wilson Andrew, worth $1.07 million on Tuesday, May 1. Bilbey Matthew sold $2.12 million worth of stock or 16,156 shares. 200 shares valued at $26,416 were sold by Singh Vijayanthimala on Friday, June 1. 5,000 shares valued at $565,568 were sold by Soderlund Patrick on Tuesday, September 4.

Quantitative Investment Management Llc increased its stake in Electronic Arts Inc (EA) by 95.06% based on its latest 2018Q2 regulatory filing with the SEC. Quantitative Investment Management Llc bought 73,100 shares as the company’s stock declined 21.13% while stock markets rallied. The hedge fund held 150,000 shares of the prepackaged software company at the end of 2018Q2, valued at $21.15M, up from 76,900 at the end of the previous reported quarter. Quantitative Investment Management Llc who had been investing in Electronic Arts Inc for a number of months, seems to be bullish on the $36.73B market cap company. The stock increased 0.93% or $1.11 during the last trading session, reaching $120.49. About 3.90M shares traded. Electronic Arts Inc. (NASDAQ:EA) has declined 6.15% since September 30, 2017 and is downtrending. It has underperformed by 21.77% the S&P500.

Quantitative Investment Management Llc, which manages about $1.89 billion and $4.84B US Long portfolio, decreased its stake in Halliburton Co (NYSE:HAL) by 97,000 shares to 267,100 shares, valued at $12.04 million in 2018Q2, according to the filing. It also reduced its holding in Ca Inc (NASDAQ:CA) by 187,100 shares in the quarter, leaving it with 76,300 shares, and cut its stake in Express Scripts Holding Co (NASDAQ:ESRX).

More notable recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Fool.com which released: “Why Electronic Arts Stock Fell 11.9% in August” on September 11, 2018, also Seekingalpha.com with their article: “Electronic Arts Bear News Cycle Just Beginning” published on September 10, 2018, Nasdaq.com published: “5 Communications Stocks That Will Rule the Newest Sector” on September 25, 2018. More interesting news about Electronic Arts Inc. (NASDAQ:EA) were released by: Fool.com and their article: “Here’s Why Electronic Arts’ Recent Dip Is a Buying Opportunity” published on September 15, 2018 as well as Nasdaq.com‘s news article titled: “Activision Blizzard vs. Electronic Arts: One Gaming Giant Has the Clear Advantage This Holiday Season” with publication date: September 29, 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 18 analyst reports since April 13, 2018 according to SRatingsIntel. On Friday, April 13 the stock rating was maintained by Robert W. Baird with “Buy”. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, July 23 report. Stifel Nicolaus maintained Electronic Arts Inc. (NASDAQ:EA) rating on Friday, June 15. Stifel Nicolaus has “Buy” rating and $157 target. Morgan Stanley maintained Electronic Arts Inc. (NASDAQ:EA) rating on Friday, August 31. Morgan Stanley has “Equal-Weight” rating and $122 target. Morgan Stanley maintained Electronic Arts Inc. (NASDAQ:EA) rating on Wednesday, July 11. Morgan Stanley has “Equal-Weight” rating and $130 target. KeyBanc Capital Markets maintained it with “Overweight” rating and $168 target in Monday, June 18 report. The rating was maintained by Piper Jaffray on Monday, June 11 with “Buy”. Argus Research upgraded Electronic Arts Inc. (NASDAQ:EA) on Wednesday, August 1 to “Buy” rating. On Friday, August 31 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The firm has “Outperform” rating by BMO Capital Markets given on Friday, August 31.

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

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