As Electronic Arts (EA) Market Valuation Rose, Voloridge Investment Management Boosted Holding by $48.58 Million; As Schwab Charles New (SCHW) Share Value Declined, Shareholder Edgewood Management Has Lifted Its Position

December 7, 2017 - By Vivian Currie

Edgewood Management Llc increased its stake in Schwab Charles Corp New (SCHW) by 24.96% based on its latest 2017Q2 regulatory filing with the SEC. Edgewood Management Llc bought 3.71 million shares as the company’s stock declined 7.92% while stock markets rallied. The institutional investor held 18.57M shares of the investment bankers and brokers and service company at the end of 2017Q2, valued at $797.58 million, up from 14.86M at the end of the previous reported quarter. Edgewood Management Llc who had been investing in Schwab Charles Corp New for a number of months, seems to be bullish on the $67.82 billion market cap company. The stock increased 0.10% or $0.05 during the last trading session, reaching $50.59. About 202,399 shares traded. The Charles Schwab Corporation (NYSE:SCHW) has risen 32.11% since December 7, 2016 and is uptrending. It has outperformed by 15.41% the S&P500.

Voloridge Investment Management Llc increased its stake in Electronic Arts Inc (EA) by 941.88% based on its latest 2017Q2 regulatory filing with the SEC. Voloridge Investment Management Llc bought 462,680 shares as the company’s stock rose 23.30% with the market. The institutional investor held 511,803 shares of the prepackaged software company at the end of 2017Q2, valued at $54.11M, up from 49,123 at the end of the previous reported quarter. Voloridge Investment Management Llc who had been investing in Electronic Arts Inc for a number of months, seems to be bullish on the $31.86B market cap company. The stock increased 0.29% or $0.3 during the last trading session, reaching $103.48. About 98,912 shares traded. Electronic Arts Inc. (NASDAQ:EA) has risen 46.45% since December 7, 2016 and is uptrending. It has outperformed by 29.75% the S&P500.




Investors sentiment increased to 1.3 in Q2 2017. Its up 0.27, from 1.03 in 2017Q1. It increased, as 61 investors sold SCHW shares while 245 reduced holdings. 80 funds opened positions while 318 raised stakes. 1.05 billion shares or 0.46% more from 1.05 billion shares in 2017Q1 were reported. Oakbrook Lc reported 93,200 shares or 0.27% of all its holdings. Mitchell Sinkler & Starr Pa, a Pennsylvania-based fund reported 11,960 shares. Essex Investment Management Limited Liability stated it has 53,669 shares. Hartford Financial Mgmt owns 2,077 shares. Cibc Asset Management holds 0.04% or 126,395 shares. Fsi Grp Inc Limited Com holds 1.36% or 58,700 shares in its portfolio. North Star Asset Mgmt owns 279,881 shares for 1.22% of their portfolio. Captrust Advisors has invested 0.02% in The Charles Schwab Corporation (NYSE:SCHW). Conatus Cap Management Ltd Partnership holds 4.96% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW) for 1.26 million shares. Aqr Cap Mngmt Limited Liability has 151,232 shares. Great Lakes Advsrs Limited Liability holds 0% in The Charles Schwab Corporation (NYSE:SCHW) or 4,729 shares. Eaton Vance Management accumulated 8.03 million shares. Diligent Investors invested in 0.25% or 8,057 shares. Private Asset Management Inc reported 6,322 shares. The France-based Natixis has invested 0.28% in The Charles Schwab Corporation (NYSE:SCHW).

Among 21 analysts covering Charles Schwab (NYSE:SCHW), 15 have Buy rating, 0 Sell and 6 Hold. Therefore 71% are positive. Charles Schwab had 74 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was downgraded by Piper Jaffray to “Neutral” on Friday, December 18. The stock of The Charles Schwab Corporation (NYSE:SCHW) earned “Buy” rating by Argus Research on Wednesday, March 23. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Monday, August 14 report. The stock of The Charles Schwab Corporation (NYSE:SCHW) earned “Buy” rating by Deutsche Bank on Monday, July 18. CLSA maintained it with “Outperform” rating and $34 target in Thursday, September 22 report. The stock of The Charles Schwab Corporation (NYSE:SCHW) has “Buy” rating given on Tuesday, May 30 by Jefferies. On Friday, May 27 the stock rating was maintained by Deutsche Bank with “Buy”. Jefferies maintained it with “Buy” rating and $33 target in Thursday, April 7 report. SunTrust maintained the shares of SCHW in report on Monday, October 23 with “Buy” rating. The firm earned “Buy” rating on Monday, December 19 by SunTrust.

More important recent The Charles Schwab Corporation (NYSE:SCHW) news were published by: Nasdaq.com which released: “The Charles Schwab Corporation (SCHW) Ex-Dividend Date Scheduled for November …” on November 08, 2017, also Livetradingnews.com published article titled: “Charles Schwab Corp (NYSE:SCHW) Up 2.83% Pre-Market”, Streetinsider.com published: “Credit Suisse Starts Charles Schwab Corp. (SCHW) at Outperform” on November 30, 2017. More interesting news about The Charles Schwab Corporation (NYSE:SCHW) was released by: Benzinga.com and their article: “Online Broker Battles: Credit Suisse Goes Bullish On Charles Schwab, E*Trade” with publication date: December 03, 2017.

Edgewood Management Llc, which manages about $9.25B and $20.40B US Long portfolio, decreased its stake in Exxon Mobil Corp (NYSE:XOM) by 7,395 shares to 53,105 shares, valued at $4.29 million in 2017Q2, according to the filing.

More notable recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Investorplace.com which released: “Electronic Arts Inc. Is Learning a Painful Lesson” on November 29, 2017, also Seekingalpha.com with their article: “Electronic Arts – Are You Being Gamed?” published on November 13, 2017, Investorplace.com published: “Bad Monetizing Decisions Hamstrung Electronic Arts Inc. Stock” on December 01, 2017. More interesting news about Electronic Arts Inc. (NASDAQ:EA) were released by: Investorplace.com and their article: “Electronic Arts Inc. Stock Is Not a Buy yet, But… It’s in the Game” published on November 29, 2017 as well as Investorplace.com‘s news article titled: “Electronic Arts Inc. Just Taught the Industry a Key Lesson” with publication date: November 17, 2017.

Since June 15, 2017, it had 0 insider buys, and 3 sales for $17.78 million activity. On Friday, June 16 Wilson Andrew sold $11.13 million worth of Electronic Arts Inc. (NASDAQ:EA) or 100,000 shares. Jorgensen Blake J sold $1.08 million worth of Electronic Arts Inc. (NASDAQ:EA) on Thursday, June 15.

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. The firm has “Buy” rating by Stifel Nicolaus given on Monday, July 10. The firm has “Buy” rating given on Friday, July 28 by Oppenheimer. The firm earned “Buy” rating on Monday, October 26 by Stifel Nicolaus. On Friday, July 28 the stock rating was maintained by Piper Jaffray with “Buy”. The rating was downgraded by Hilliard Lyons on Wednesday, March 30 to “Long-Term Buy”. The firm earned “Buy” rating on Wednesday, February 1 by Benchmark. Mizuho maintained Electronic Arts Inc. (NASDAQ:EA) rating on Monday, June 12. Mizuho has “Buy” rating and $11500 target. The stock has “Buy” rating by Stifel Nicolaus on Monday, October 17. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, October 18 report. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Buy” rating by Robert W. Baird on Thursday, September 14.

Investors sentiment decreased to 1.03 in 2017 Q2. Its down 0.17, from 1.2 in 2017Q1. It turned negative, 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. Icon Advisers Inc holds 0.12% or 16,500 shares. Laurion Capital Management Limited Partnership reported 0.06% stake. Profund Advisors Limited Liability Com has invested 0.12% in Electronic Arts Inc. (NASDAQ:EA). Raymond James & Assoc holds 0.02% of its portfolio in Electronic Arts Inc. (NASDAQ:EA) for 104,894 shares. Aberdeen Asset Plc Uk invested in 0.06% or 168,762 shares. Sumitomo Mitsui Asset has invested 0.44% in Electronic Arts Inc. (NASDAQ:EA). Nine Masts Cap Limited owns 1,979 shares. Etrade Cap Mgmt Limited Co invested in 0.04% or 8,654 shares. Plante Moran Financial Limited Liability Com owns 0% invested in Electronic Arts Inc. (NASDAQ:EA) for 21 shares. State Of New Jersey Common Pension Fund D owns 133,099 shares. 5,742 were reported by San Francisco Sentry Invest Group (Ca). Toronto Dominion Bancorp owns 105,004 shares or 0.04% of their US portfolio. Norinchukin Bancorporation The owns 0.09% invested in Electronic Arts Inc. (NASDAQ:EA) for 40,131 shares. Fulton Bancorp Na reported 0.1% in Electronic Arts Inc. (NASDAQ:EA). D Scott Neal Incorporated reported 0.08% stake.

Voloridge Investment Management Llc, which manages about $1.43B and $4.02 billion US Long portfolio, decreased its stake in Ansys Inc (NASDAQ:ANSS) by 6,592 shares to 2,028 shares, valued at $247,000 in 2017Q2, according to the filing. It also reduced its holding in Compass Minerals Intl Inc (NYSE:CMP) by 18,708 shares in the quarter, leaving it with 16,586 shares, and cut its stake in Old Dominion Fght Lines Inc (NASDAQ:ODFL).

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