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Alliancebernstein LP Has Lowered Electronic Arts (EA) Position By $61.73 Million; Craft Brew Alliance Has 1 Sentiment

Alliancebernstein Lp decreased Electronic Arts Inc (EA) stake by 18.29% reported in 2017Q3 SEC filing. Alliancebernstein Lp sold 523,147 shares as Electronic Arts Inc (EA)’s stock rose 23.30%. The Alliancebernstein Lp holds 2.34M shares with $275.89M value, down from 2.86 million last quarter. Electronic Arts Inc now has $34.84B valuation. The stock increased 1.01% or $1.13 during the last trading session, reaching $113.13. About 3.47 million shares traded. Electronic Arts Inc. (NASDAQ:EA) has risen 46.45% since January 14, 2017 and is uptrending. It has outperformed by 29.75% the S&P500.

Craft Brew Alliance, Inc. brews and sells craft beers and ciders under the Kona, Widmer Brothers, Redhook, Omission, and Square Mile brand names in the United States. The company has market cap of $377.25 million. It operates in two divisions, Beer Related Operations and Brewpubs Operations. It has a 217.22 P/E ratio. The firm sells its beers directly to clients in draft, cans, and bottles at restaurants, bars, and liquor stores; and in cans and bottles at supermarkets, warehouse clubs, convenience stores, and drug stores, as well as directly to clients at its brewpubs and breweries.

Alliancebernstein Lp increased Ciena Corp (NYSE:CIEN) stake by 2.76 million shares to 3.42M valued at $75.15M in 2017Q3. It also upped Emerson Elec Co (NYSE:EMR) stake by 19,903 shares and now owns 1.15 million shares. Concho Res Inc (NYSE:CXO) was raised too.

Analysts await Electronic Arts Inc. (NASDAQ:EA) to report earnings on January, 30. They expect $2.06 EPS, down 15.92% or $0.39 from last year’s $2.45 per share. EA’s profit will be $634.33M for 13.73 P/E if the $2.06 EPS becomes a reality. After $0.50 actual EPS reported by Electronic Arts Inc. for the previous quarter, Wall Street now forecasts 312.00% EPS growth.

Since August 1, 2017, it had 0 buys, and 30 sales for $30.68 million activity. Another trade for 750 shares valued at $81,113 was made by Miele Laura on Tuesday, January 2. Bruzzo Chris sold $177,155 worth of Electronic Arts Inc. (NASDAQ:EA) on Monday, October 2. PROBST LAWRENCE F III had sold 55,850 shares worth $6.77M on Wednesday, August 30. $1.18 million worth of Electronic Arts Inc. (NASDAQ:EA) was sold by Wilson Andrew on Tuesday, August 1. 10,000 Electronic Arts Inc. (NASDAQ:EA) shares with value of $1.17M were sold by Jorgensen Blake J. $21,040 worth of stock was sold by Singh Vijayanthimala on Thursday, December 14. Soderlund Patrick also sold $543,265 worth of Electronic Arts Inc. (NASDAQ:EA) on Tuesday, January 2.

Among 26 analysts covering Electronic Arts (NASDAQ:EA), 23 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Electronic Arts had 80 analyst reports since July 28, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $88 target in Monday, October 17 report. The stock has “Market Perform” rating by BMO Capital Markets on Wednesday, April 27. Stifel Nicolaus maintained Electronic Arts Inc. (NASDAQ:EA) on Monday, October 26 with “Buy” rating. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Buy” rating by Piper Jaffray on Friday, July 28. The stock has “Neutral” rating by Mizuho on Wednesday, February 1. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Buy” rating given on Wednesday, October 11 by Piper Jaffray. The rating was downgraded by Hilliard Lyons on Wednesday, March 30 to “Long-Term Buy”. On Friday, June 23 the stock rating was maintained by Piper Jaffray with “Buy”. Mizuho maintained the stock with “Buy” rating in Friday, October 30 report. Jefferies maintained the stock with “Buy” rating in Tuesday, October 3 report.

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.12, from 1.03 in 2017Q2. It improved, as 35 investors sold EA shares while 217 reduced holdings. 72 funds opened positions while 218 raised stakes. 281.04 million shares or 1.59% less from 285.59 million shares in 2017Q2 were reported. Rathbone Brothers Plc stated it has 338,358 shares. Holderness Investments owns 2,250 shares. Stevens Mngmt Ltd Partnership stated it has 229,449 shares. Adirondack holds 35 shares. Retail Bank Of Montreal Can holds 0.05% or 466,297 shares. 3,735 are owned by Mckinley Cap Mgmt Ltd Limited Liability Company Delaware. Us Comml Bank De owns 91,126 shares. Kornitzer Capital Management Ks accumulated 197,965 shares. Security Communication holds 200 shares. Profund Ltd Liability Corporation holds 24,097 shares or 0.12% of its portfolio. Palo Cap accumulated 17,576 shares or 1.1% of the stock. Cibc Ww Markets invested in 2,271 shares. Royal National Bank Of Canada holds 822,635 shares. State Street Corp invested 0.12% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Patten And Patten Tn invested 0.09% in Electronic Arts Inc. (NASDAQ:EA).

Analysts await Craft Brew Alliance, Inc. (NASDAQ:BREW) to report earnings on March, 15. They expect $0.03 EPS, up 50.00% or $0.01 from last year’s $0.02 per share. BREW’s profit will be $578,896 for 162.92 P/E if the $0.03 EPS becomes a reality. After $0.09 actual EPS reported by Craft Brew Alliance, Inc. for the previous quarter, Wall Street now forecasts -66.67% negative EPS growth.

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $72,560 activity.

Cannell Capital Llc holds 3.67% of its portfolio in Craft Brew Alliance, Inc. for 712,603 shares. Marcato Capital Management Lp owns 407,009 shares or 0.81% of their US portfolio. Moreover, Manatuck Hill Partners Llc has 0.62% invested in the company for 72,000 shares. The Illinois-based Oberweis Asset Management Inc has invested 0.28% in the stock. Perkins Capital Management Inc, a Minnesota-based fund reported 12,550 shares.

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