Appleton Partners Inc. MA lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 31.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,710 shares of the game software company’s stock after selling 3,495 shares during the period. Appleton Partners Inc. MA’s holdings in Electronic Arts were worth $810,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. Veritable L.P. grew its position in Electronic Arts by 1.5% in the 2nd quarter. Veritable L.P. now owns 7,443 shares of the game software company’s stock worth $787,000 after purchasing an additional 113 shares during the period. Eaton Vance Management grew its position in Electronic Arts by 0.6% in the 2nd quarter. Eaton Vance Management now owns 55,013 shares of the game software company’s stock worth $5,816,000 after purchasing an additional 345 shares during the period. Thrivent Financial For Lutherans grew its position in Electronic Arts by 3.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 11,690 shares of the game software company’s stock worth $1,236,000 after purchasing an additional 390 shares during the period. Independent Advisor Alliance grew its position in Electronic Arts by 11.0% in the 3rd quarter. Independent Advisor Alliance now owns 4,573 shares of the game software company’s stock worth $542,000 after purchasing an additional 452 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in Electronic Arts by 1.5% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 32,967 shares of the game software company’s stock worth $3,892,000 after purchasing an additional 478 shares during the period. 93.51% of the stock is owned by institutional investors and hedge funds.
Electronic Arts Inc. (EA) opened at $113.13 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.38 and a current ratio of 2.38. Electronic Arts Inc. has a one year low of $78.89 and a one year high of $122.79. The firm has a market cap of $34,930.00, a price-to-earnings ratio of 29.85, a P/E/G ratio of 1.84 and a beta of 0.61.
In related news, insider Andrew Wilson sold 10,058 shares of Electronic Arts stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $113.81, for a total transaction of $1,144,700.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Blake J. Jorgensen sold 10,500 shares of Electronic Arts stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $112.85, for a total transaction of $1,184,925.00. Following the transaction, the chief financial officer now owns 159,114 shares in the company, valued at approximately $17,956,014.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,516 shares of company stock worth $7,357,395. 2.55% of the stock is owned by corporate insiders.
A number of equities research analysts have commented on the stock. SunTrust Banks set a $130.00 target price on shares of Electronic Arts and gave the stock a “buy” rating in a research report on Friday. Morgan Stanley downgraded shares of Electronic Arts from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $112.00 to $126.00 in a research report on Friday. Vetr raised shares of Electronic Arts from a “sell” rating to a “hold” rating and set a $104.10 target price for the company in a research report on Thursday, January 4th. BMO Capital Markets raised shares of Electronic Arts from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $112.39 to $97.00 in a research report on Monday, January 8th. They noted that the move was a valuation call. Finally, Wedbush reaffirmed a “buy” rating on shares of Electronic Arts in a research report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. Electronic Arts has a consensus rating of “Buy” and a consensus price target of $122.26.
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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.
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