Macquarie Group Ltd. decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 6.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,281,210 shares of the game software company’s stock after selling 92,594 shares during the quarter. Macquarie Group Ltd. owned approximately 0.41% of Electronic Arts worth $151,260,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in Electronic Arts by 928.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock worth $273,399,000 after buying an additional 2,334,600 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Electronic Arts in the 3rd quarter valued at about $148,789,000. Arrowstreet Capital Limited Partnership increased its position in Electronic Arts by 145.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,208,784 shares of the game software company’s stock valued at $127,793,000 after buying an additional 715,862 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Electronic Arts by 65.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,425,278 shares of the game software company’s stock worth $150,688,000 after purchasing an additional 561,322 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in Electronic Arts by 103.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,012,999 shares of the game software company’s stock worth $107,094,000 after purchasing an additional 515,608 shares in the last quarter. 94.56% of the stock is currently owned by institutional investors.
In other news, CFO Blake J. Jorgensen sold 10,000 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $111.94, for a total transaction of $1,119,400.00. Following the completion of the sale, the chief financial officer now directly owns 182,814 shares in the company, valued at $20,464,199.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lawrence F. Probst III sold 55,850 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $121.18, for a total transaction of $6,767,903.00. Following the sale, the director now owns 171,123 shares of the company’s stock, valued at $20,736,685.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 122,524 shares of company stock valued at $14,538,985. 2.55% of the stock is currently owned by company insiders.
EA has been the subject of several recent analyst reports. BidaskClub raised Electronic Arts from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Bank of America Corporation raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $131.00 target price for the company in a report on Wednesday, July 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $135.00 target price (up from $123.00) on shares of Electronic Arts in a report on Friday, July 28th. Wedbush reaffirmed a “buy” rating on shares of Electronic Arts in a report on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. set a $130.00 target price on Electronic Arts and gave the company a “buy” rating in a report on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $123.38.
Electronic Arts Inc. (EA) traded up $0.12 during trading on Friday, hitting $111.60. 2,445,800 shares of the stock were exchanged, compared to its average volume of 2,852,333. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $33,770.00, a price-to-earnings ratio of 28.66, a P/E/G ratio of 1.82 and a beta of 0.65. Electronic Arts Inc. has a one year low of $73.74 and a one year high of $122.79.
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About Electronic Arts
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.
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