Electronic Arts INC (EA) Holder Alkeon Capital Management LLC Has Upped Its Stake

December 5, 2017 - By Kurt Siggers

Investors sentiment decreased to 1.03 in Q2 2017. Its down 0.17, from 1.2 in 2017Q1. It worsened, as 38 investors sold EA shares while 237 reduced holdings. 105 funds opened positions while 177 raised stakes. 285.59 million shares or 4.80% less from 300.00 million shares in 2017Q1 were reported. State Of Tennessee Treasury Department reported 196,037 shares or 0.1% of all its holdings. Boston Advisors Ltd Com invested 0.68% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Millennium Management Ltd reported 1.92 million shares or 0.36% of all its holdings. Mackenzie Fincl Corp has invested 0% in Electronic Arts Inc. (NASDAQ:EA). C M Bidwell And Assocs Ltd reported 30 shares or 0% of all its holdings. Moreover, Benjamin F Edwards And has 0% invested in Electronic Arts Inc. (NASDAQ:EA) for 350 shares. Cullen Frost Bankers reported 98,966 shares. New Mexico Educational Retirement Board holds 0.16% or 28,863 shares in its portfolio. Barclays Public Limited Company, a United Kingdom-based fund reported 433,648 shares. Verition Fund Mgmt Limited Liability stated it has 6,999 shares or 0.07% of all its holdings. Moreover, Caisse De Depot Et Placement Du Quebec has 0.01% invested in Electronic Arts Inc. (NASDAQ:EA). American Research & Co accumulated 45 shares or 0% of the stock. Twin Capital has 0.47% invested in Electronic Arts Inc. (NASDAQ:EA). Ing Groep Nv holds 0.14% or 68,160 shares in its portfolio. Daiwa Securities Grp Incorporated has 34,516 shares for 0.02% of their portfolio.

Since June 15, 2017, it had 0 buys, and 3 sales for $17.78 million activity. Soderlund Patrick also sold $5.57M worth of Electronic Arts Inc. (NASDAQ:EA) on Friday, June 16. Wilson Andrew sold $11.13 million worth of stock.

Panayotis Takis Sparaggis increased its stake in Electronic Arts Inc (EA) by 1.99% based on its latest 2017Q2 regulatory filing with the SEC. Alkeon Capital Management Llc bought 43,788 shares as the company’s stock rose 23.30% with the market. The hedge fund run by Panayotis Takis Sparaggis held 2.24 million shares of the prepackaged software company at the end of 2017Q2, valued at $237.34M, up from 2.20M at the end of the previous reported quarter. Alkeon Capital Management Llc who had been investing in Electronic Arts Inc for a number of months, seems to be bullish on the $31.99 billion market cap company. The stock increased 3.03% or $3.06 during the last trading session, reaching $103.89. About 1.01 million shares traded. Electronic Arts Inc. (NASDAQ:EA) has risen 46.45% since December 5, 2016 and is uptrending. It has outperformed by 29.75% the S&P500.

Alkeon Capital Management Llc, which manages about $5.66B and $12.41 billion US Long portfolio, decreased its stake in Baidu Inc (NASDAQ:BIDU) by 212,100 shares to 22,599 shares, valued at $4.04 million in 2017Q2, according to the filing. It also reduced its holding in Amazon Com Inc (NASDAQ:AMZN) by 15,266 shares in the quarter, leaving it with 77,726 shares, and cut its stake in Fidelity Natl Information Sv (NYSE:FIS).

More notable recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Seekingalpha.com which released: “Electronic Arts: Consumer Ire From Battlefront II Controversy” on November 20, 2017, also Investorplace.com with their article: “Electronic Arts Inc. Stock Is Not a Buy yet, But… It’s in the Game” published on November 29, 2017, Seekingalpha.com published: “Electronic Arts: Pricey With Potential Headwinds Ahead” on November 29, 2017. More interesting news about Electronic Arts Inc. (NASDAQ:EA) were released by: Investorplace.com and their article: “Bad Monetizing Decisions Hamstrung Electronic Arts Inc. Stock” published on December 01, 2017 as well as Seekingalpha.com‘s news article titled: “Electronic Arts – Are You Being Gamed?” with publication date: November 13, 2017.

Electronic Arts Inc. (NASDAQ:EA) Ratings Coverage

Among 25 analysts covering Electronic Arts (NASDAQ:EA), 23 have Buy rating, 0 Sell and 2 Hold. Therefore 92% are positive. Electronic Arts had 75 analyst reports since July 28, 2015 according to SRatingsIntel. On Wednesday, May 11 the stock rating was maintained by Benchmark with “Buy”. The rating was maintained by Piper Jaffray on Wednesday, October 11 with “Buy”. The firm earned “Buy” rating on Monday, January 18 by Bank of America. The stock has “Buy” rating by Benchmark on Wednesday, November 2. The company was upgraded on Wednesday, October 14 by M Partners. KeyBanc Capital Markets maintained the stock with “Buy” rating in Sunday, November 19 report. The firm has “Market Perform” rating given on Thursday, November 2 by BMO Capital Markets. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, May 12. The company was downgraded on Monday, October 24 by Bank of America. Benchmark maintained the shares of EA in report on Monday, May 23 with “Buy” rating.

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