Tig Advisors Has Upped Its Aetna New (AET) Position by $37.74 Million as Stock Price Rose; Electronic Arts (EA) Market Valuation Rose While Technology Crossover Management V Has Lowered by $18.42 Million Its Stake

June 19, 2018 - By Lawrence Diaz

Aetna Inc. (NYSE:AET) Logo

Technology Crossover Management V Llc decreased its stake in Electronic Arts Inc. (EA) by 20% based on its latest 2018Q1 regulatory filing with the SEC. Technology Crossover Management V Llc sold 152,259 shares as the company’s stock rose 2.55% while stock markets declined. The institutional investor held 609,035 shares of the prepackaged software company at the end of 2018Q1, valued at $73.84M, down from 761,294 at the end of the previous reported quarter. Technology Crossover Management V Llc who had been investing in Electronic Arts Inc. for a number of months, seems to be less bullish one the $43.77 billion market cap company. The stock decreased 1.28% or $1.86 during the last trading session, reaching $143. About 1.20 million shares traded. Electronic Arts Inc. (NASDAQ:EA) has risen 15.83% since June 19, 2017 and is uptrending. It has outperformed by 3.26% the S&P500. Some Historical EA News: 15/05/2018 – THIRD POINT ADDED UTX, WYNN, PAGS, EA, MPC IN 1Q: 13F; 08/05/2018 – ELECTRONIC ARTS INC – REVISED ITS LONG-TERM TAX RATE FROM 21% TO 18% PRIMARILY DUE TO CHANGES RESULTING FROM RECENT TAX LEGISLATION IN U.S; 12/04/2018 – ELECTRONIC ARTS NAMES PATRICK SODERLUND CHIEF DESIGN OFFICER; 08/05/2018 – EA SEES 2019 ADJ. EPS ABOUT $4.85, EST. $4.99; 02/04/2018 – Fidelity Advisor Diversified Adds Electronic Arts; 16/03/2018 – Electronic Arts on Friday announces big pro-consumer changes to the design and business model of “Star Wars Battlefront II.”; 22/05/2018 – Electronic Arts Acquires Assets and Personnel of a Wholly Owned Subsidiary of GameFly Inc; 22/05/2018 – ELECTRONIC ARTS ACQUIRED GAMEFLY ASSETS; 08/05/2018 – Electronic Arts Sees FY19 Rev $5.6B; 08/05/2018 – Electronic Arts Sees 1Q Net Bookings About $720M

Carl Tiedemann increased its stake in Aetna Inc New (AET) by 34.87% based on its latest 2018Q1 regulatory filing with the SEC. Tig Advisors Llc bought 223,326 shares as the company’s stock rose 1.59% while stock markets declined. The hedge fund run by Carl Tiedemann held 863,697 shares of the medical specialities company at the end of 2018Q1, valued at $145.97M, up from 640,371 at the end of the previous reported quarter. Tig Advisors Llc who had been investing in Aetna Inc New for a number of months, seems to be bullish on the $61.83B market cap company. The stock increased 1.11% or $2.08 during the last trading session, reaching $189.03. About 517,172 shares traded. Aetna Inc. (NYSE:AET) has risen 22.94% since June 19, 2017 and is uptrending. It has outperformed by 10.37% the S&P500. Some Historical AET News: 08/03/2018 – TripleTree Advises Maestro Health in Its Acquisition by AXA; 27/03/2018 – Aetna: Greater Transparency Needed Throughout Pharmaceutical Supply Chain; 17/04/2018 – AETNA TO RELEASE 1Q 2018 RESULTS; REPORTS SEGMENT REALIGNMENT; 24/04/2018 – EXPRESS SCRIPTS ESRX.O SAYS PRESSING AMGEN INC AMGN.O , RIVALS TO CHANGE DYNAMIC OF HIGH LIST PRICES, DEEP REBATES ON NEW MIGRAINE MEDICINES; 27/03/2018 – Aetna Will Pass Along Discounts as Drug Price Scrutiny Increases; 09/04/2018 – STAT Plus: Aetna auditor accuses CVS of improperly reporting generic prices to Medicare; 25/05/2018 – LABCORP – CO, AETNA EXTENDED, EXPANDED EXISTING AGREEMENT, MAKING CO PREFERRED NATIONAL LABORATORY FOR SUBSTANTIALLY ALL AETNA MEMBERS FROM JAN 1, 2019; 13/03/2018 – Aetna Shareholders Overwhelmingly Approve Proposed Acquisition by CVS Health; 15/03/2018 – AETNA DROPS AS MONSANTO/BAYER SAID TO FACE ANTITRUST HURDLES; 12/03/2018 – Surgery Partners: Cowhey Joins Surgery Partners From Aetna

More notable recent Aetna Inc. (NYSE:AET) news were published by: Bizjournals.com which released: “Time Warner-AT&T deal could pave way for CVS-Aetna acquisition” on June 13, 2018, also Seekingalpha.com with their article: “Aetna: If The Deal Falls Through” published on June 12, 2018, Businesswire.com published: “Aetna Adding Jobs in New Albany, Expanding Facilities” on June 19, 2018. More interesting news about Aetna Inc. (NYSE:AET) were released by: Seekingalpha.com and their article: “CVS And Aetna Are Changing The Healthcare Paradigm” published on June 18, 2018 as well as Businesswire.com‘s news article titled: “New Aetna Study Finds Consumers Want Easier Ways to Manage Their Health Goals” with publication date: June 18, 2018.

Among 24 analysts covering Aetna (NYSE:AET), 12 have Buy rating, 0 Sell and 12 Hold. Therefore 50% are positive. Aetna had 76 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was downgraded by Cantor Fitzgerald to “Neutral” on Friday, October 27. The rating was upgraded by RBC Capital Markets to “Outperform” on Tuesday, September 8. The rating was maintained by Susquehanna with “Buy” on Tuesday, August 4. The firm earned “Hold” rating on Thursday, August 3 by Piper Jaffray. As per Monday, June 11, the company rating was maintained by Cantor Fitzgerald. The firm earned “Buy” rating on Monday, December 18 by Wells Fargo. Jefferies maintained Aetna Inc. (NYSE:AET) rating on Tuesday, September 5. Jefferies has “Hold” rating and $163.0 target. The company was maintained on Tuesday, January 30 by Cowen & Co. The rating was maintained by Credit Suisse on Wednesday, January 31 with “Hold”. The company was maintained on Thursday, July 13 by Cowen & Co.

Tig Advisors Llc, which manages about $3.62 billion and $1.84B US Long portfolio, decreased its stake in Nxp Semiconductors N V (Call) (NASDAQ:NXPI) by 663,200 shares to 61,700 shares, valued at $7.22 million in 2018Q1, according to the filing. It also reduced its holding in Monsanto Co New (Put) (NYSE:MON) by 88,600 shares in the quarter, leaving it with 180,000 shares, and cut its stake in Hertz Global Hldgs Inc.

Investors sentiment decreased to 0.68 in Q1 2018. Its down 0.15, from 0.83 in 2017Q4. It is negative, as 83 investors sold AET shares while 335 reduced holdings. 78 funds opened positions while 208 raised stakes. 269.52 million shares or 2.24% less from 275.71 million shares in 2017Q4 were reported. The New York-based Quinn Opportunity Partners Lc has invested 3.4% in Aetna Inc. (NYSE:AET). Connecticut-based Wright Investors Ser Inc has invested 0.45% in Aetna Inc. (NYSE:AET). Bluecrest Capital Management Limited holds 0.61% or 116,497 shares. Quantitative Inv Management Limited Liability Company holds 0.21% or 73,000 shares. Meiji Yasuda Asset Com reported 14,737 shares stake. Alpine Woods Capital Investors Ltd Company holds 0.56% of its portfolio in Aetna Inc. (NYSE:AET) for 62,000 shares. Moreover, Oakworth Inc has 0.01% invested in Aetna Inc. (NYSE:AET) for 320 shares. Switzerland-based Banque Pictet & Cie has invested 0.15% in Aetna Inc. (NYSE:AET). Nomura holds 0.11% of its portfolio in Aetna Inc. (NYSE:AET) for 728,360 shares. Credit Suisse Ag holds 0.08% of its portfolio in Aetna Inc. (NYSE:AET) for 522,719 shares. The West Virginia-based Mckinley Carter Wealth Service has invested 0% in Aetna Inc. (NYSE:AET). Mufg Americas Corporation invested in 0.17% or 31,726 shares. Old Natl Bancorporation In invested in 1,515 shares or 0.01% of the stock. Gamble Jones Counsel owns 0.02% invested in Aetna Inc. (NYSE:AET) for 1,246 shares. Sequoia Financial Ltd Llc, Ohio-based fund reported 13,844 shares.

More notable recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Fool.com which released: “Why Electronic Arts Stock Gained 11% in May” on June 11, 2018, also Seekingalpha.com with their article: “EA sets Oct. 19 for ‘Battlefield V’ release” published on May 23, 2018, 247Wallst.com published: “Why the Massive Video Gaming Growth Will Continue in 2018” on June 18, 2018. More interesting news about Electronic Arts Inc. (NASDAQ:EA) were released by: Nasdaq.com and their article: “What to Expect From E3, the Gaming World’s Annual Woodstock” published on June 10, 2018 as well as Nasdaq.com‘s news article titled: “Will the Fortnite “Cross-Play” Issue Derail Sony Corp (ADR) Stock?” with publication date: June 15, 2018.

Among 30 analysts covering Electronic Arts (NASDAQ:EA), 26 have Buy rating, 0 Sell and 4 Hold. Therefore 87% are positive. Electronic Arts had 101 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Mizuho on Wednesday, February 1 with “Neutral”. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Hold” rating given on Monday, December 18 by BTIG Research. The stock has “Buy” rating by Benchmark on Thursday, December 8. The company was maintained on Friday, August 25 by KeyBanc Capital Markets. On Wednesday, November 1 the stock rating was maintained by Piper Jaffray with “Buy”. Cowen & Co maintained Electronic Arts Inc. (NASDAQ:EA) on Wednesday, September 6 with “Hold” rating. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, November 1. The company was maintained on Monday, May 23 by Benchmark. Oppenheimer maintained Electronic Arts Inc. (NASDAQ:EA) rating on Friday, October 14. Oppenheimer has “Outperform” rating and $94 target. The stock has “Neutral” rating by Bank of America on Monday, October 24.

Since January 2, 2018, it had 0 buys, and 52 insider sales for $37.29 million activity. 16,156 Electronic Arts Inc. (NASDAQ:EA) shares with value of $2.12M were sold by Bilbey Matthew. Shares for $122,540 were sold by Schatz Jacob J.. Wilson Andrew sold $1.07 million worth of stock. 750 shares were sold by Miele Laura, worth $95,987. Bruzzo Chris sold $178,221 worth of stock. The insider Jorgensen Blake J sold $1.32M.

Analysts await Electronic Arts Inc. (NASDAQ:EA) to report earnings on July, 26. They expect $-0.11 EPS, down 130.56% or $0.47 from last year’s $0.36 per share. After $1.13 actual EPS reported by Electronic Arts Inc. for the previous quarter, Wall Street now forecasts -109.73% negative EPS growth.

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