Cornerstone Capital Management Holdings LLC. Increases Holdings in Electronic Arts Inc. (EA)

Cornerstone Capital Management Holdings LLC. raised its stake in Electronic Arts Inc. (NASDAQ:EA) by 96.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 269,768 shares of the game software company’s stock after purchasing an additional 132,165 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.09% of Electronic Arts worth $31,847,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. increased its position in Electronic Arts by 0.8% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 270,607 shares of the game software company’s stock worth $31,948,000 after buying an additional 2,176 shares during the last quarter. Alyeska Investment Group L.P. increased its position in Electronic Arts by 32.9% in the third quarter. Alyeska Investment Group L.P. now owns 866,895 shares of the game software company’s stock worth $102,346,000 after buying an additional 214,433 shares during the last quarter. First Republic Investment Management Inc. increased its position in Electronic Arts by 33.9% in the third quarter. First Republic Investment Management Inc. now owns 6,133 shares of the game software company’s stock worth $725,000 after buying an additional 1,554 shares during the last quarter. Myriad Asset Management Ltd. purchased a new stake in Electronic Arts in the third quarter worth $41,321,000. Finally, Asset Management One Co. Ltd. increased its position in Electronic Arts by 5.9% in the third quarter. Asset Management One Co. Ltd. now owns 511,453 shares of the game software company’s stock worth $60,319,000 after buying an additional 28,394 shares during the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the company. BidaskClub raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Jefferies Group reaffirmed a “buy” rating and issued a $135.00 price target on shares of Electronic Arts in a report on Thursday, August 31st. Benchmark lifted their price objective on Electronic Arts from $136.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Buckingham Research initiated coverage on Electronic Arts in a research note on Wednesday, September 20th. They set a “buy” rating and a $143.00 price objective for the company. Finally, Wedbush set a $136.00 price objective on Electronic Arts and gave the company a “buy” rating in a research note on Wednesday, November 1st. Six research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $123.26.

Shares of Electronic Arts Inc. (NASDAQ EA) opened at $109.28 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38. Electronic Arts Inc. has a 12-month low of $77.94 and a 12-month high of $122.79. The company has a market capitalization of $33,650.04, a P/E ratio of 28.09, a PEG ratio of 1.80 and a beta of 0.61.

In related news, EVP Chris Bruzzo sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $105.80, for a total value of $158,700.00. Following the transaction, the executive vice president now directly owns 38,562 shares of the company’s stock, valued at approximately $4,079,859.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 10,058 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $118.04, for a total value of $1,187,246.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,874 shares of company stock worth $7,572,291. Insiders own 2.55% of the company’s stock.

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Electronic Arts Profile

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.

Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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