As Electronic Arts INC (EA) Valuation Declined, Dsam Partners Llp Has Cut Position by $11.41 Million

November 10, 2018 - By Jason Grubb

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. Smithfield owns 416 shares. Checchi Capital Advisers Ltd Liability Co accumulated 3,265 shares. Palisade Capital Mngmt Limited Liability Co Nj holds 10,800 shares or 0.04% of its portfolio. Legal & General Gp Public Ltd Co, United Kingdom-based fund reported 1.28M shares. Vision Management holds 1.07% or 26,130 shares in its portfolio. Victory Capital Inc stated it has 4,640 shares or 0% of all its holdings. Utd Capital Financial Advisers Limited Liability holds 0% in Electronic Arts Inc. (NASDAQ:EA) or 3,624 shares. Goelzer Investment Management reported 0.32% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Mckinley Capital Management Ltd Limited Liability Company Delaware has invested 0.02% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Ubs Asset Mgmt Americas Incorporated accumulated 1.47 million shares or 0% of the stock. Cwm Ltd Liability Corporation reported 41 shares. Lathrop Mngmt Corp holds 154,377 shares. Holderness has 0.14% invested in Electronic Arts Inc. (NASDAQ:EA). Texas Yale holds 1,777 shares. Pennsylvania-based Pitcairn has invested 0.37% in Electronic Arts Inc. (NASDAQ:EA).

Since May 17, 2018, it had 0 buys, and 30 sales for $30.59 million activity. On Monday, July 2 the insider Bruzzo Chris sold $212,389. 750 shares were sold by Miele Laura, worth $100,384 on Friday, June 1. The insider PROBST LAWRENCE F III sold 2,500 shares worth $278,347. Jorgensen Blake J had sold 10,500 shares worth $1.43 million. Singh Vijayanthimala sold $22,744 worth of stock. 27,000 shares were sold by Wilson Andrew, worth $3.84 million on Monday, July 2.

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 $25.70M, 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 $27.10B market cap company. The stock decreased 5.31% or $4.98 during the last trading session, reaching $88.89. About 7.24M shares traded or 39.12% up from the average. Electronic Arts Inc. (NASDAQ:EA) has declined 6.15% since November 10, 2017 and is downtrending. It has underperformed by 21.77% the S&P500.

Dsam Partners Llp, which manages about $496.31M US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 39,511 shares to 104,031 shares, valued at $20.22 million in 2018Q2, according to the filing.

More notable recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Fool.com which released: “Electronic Arts Cuts Outlook” on November 02, 2018, also Benzinga.com with their article: “Electronic Arts’ Q2: The Sell-Side’s Take” published on October 31, 2018, Nasdaq.com published: “Electronic Arts Earnings: EA Stock Slides Despite Q2 Earnings Beat” on October 31, 2018. More interesting news about Electronic Arts Inc. (NASDAQ:EA) were released by: Seekingalpha.com and their article: “EA -5.8% as guidance weighs on Q2 beat” published on October 30, 2018 as well as Nasdaq.com‘s news article titled: “ATVI Stock: Here’s What to Watch in Activision Blizzard Earnings” with publication date: November 07, 2018.

Electronic Arts Inc. (NASDAQ:EA) Ratings Coverage

Among 12 analysts covering Electronic Arts (NASDAQ:EA), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Electronic Arts had 22 analyst reports since May 25, 2018 according to SRatingsIntel. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Monday, June 18 report. The firm earned “Outperform” rating on Friday, November 2 by BMO Capital Markets. As per Monday, June 11, the company rating was maintained by Piper Jaffray. The firm has “Sector Weight” rating given on Monday, October 29 by KeyBanc Capital Markets. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Equal-Weight” rating given on Friday, August 31 by Morgan Stanley. UBS maintained Electronic Arts Inc. (NASDAQ:EA) on Friday, August 31 with “Buy” rating. The firm earned “Outperform” rating on Wednesday, October 31 by Credit Suisse. Morgan Stanley maintained Electronic Arts Inc. (NASDAQ:EA) on Wednesday, July 11 with “Equal-Weight” rating. Stifel Nicolaus maintained the shares of EA in report on Friday, June 15 with “Buy” rating. Stifel Nicolaus maintained Electronic Arts Inc. (NASDAQ:EA) rating on Monday, July 23. Stifel Nicolaus has “Buy” rating and $159 target.

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

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