Mediolanum International Funds Ltd Sells 61,850 Shares of Electronic Arts Inc. $EA

Mediolanum International Funds Ltd reduced its stake in Electronic Arts Inc. (NASDAQ:EA) by 66.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 31,102 shares of the game software company’s stock after selling 61,850 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Electronic Arts were worth $6,284,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Electronic Arts by 34.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 40,483 shares of the game software company’s stock worth $6,467,000 after acquiring an additional 10,453 shares during the last quarter. Vest Financial LLC lifted its stake in shares of Electronic Arts by 5.7% in the 2nd quarter. Vest Financial LLC now owns 278,069 shares of the game software company’s stock valued at $44,408,000 after acquiring an additional 15,032 shares during the last quarter. Alta Advisers Ltd acquired a new position in Electronic Arts in the 2nd quarter worth about $205,000. NatWest Group plc bought a new stake in shares of Electronic Arts during the third quarter worth about $10,414,000. Finally, Walter Public Investments Inc. raised its holdings in Electronic Arts by 41.7% in the 3rd quarter. Walter Public Investments Inc. now owns 48,017 shares of the game software company’s stock valued at $9,685,000 after buying an additional 14,134 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EA shares. Benchmark reissued a “buy” rating on shares of Electronic Arts in a report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Electronic Arts in a research note on Wednesday, October 8th. Zacks Research lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Citigroup upped their price target on Electronic Arts from $206.00 to $207.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Finally, Argus set a $210.00 price objective on Electronic Arts in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $187.19.

Electronic Arts Stock Down 0.2%

Shares of Electronic Arts stock opened at $203.60 on Tuesday. Electronic Arts Inc. has a one year low of $120.22 and a one year high of $204.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84. The stock’s 50-day moving average is $203.88 and its 200 day moving average is $189.85. The firm has a market cap of $50.92 billion, a price-to-earnings ratio of 59.53, a PEG ratio of 2.46 and a beta of 0.74.

Insiders Place Their Bets

In other Electronic Arts news, Director Jeff Huber sold 16,788 shares of Electronic Arts stock in a transaction on Friday, November 21st. The shares were sold at an average price of $200.72, for a total value of $3,369,687.36. Following the completion of the sale, the director directly owned 1,980 shares of the company’s stock, valued at approximately $397,425.60. The trade was a 89.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $204.26, for a total transaction of $1,021,300.00. Following the transaction, the chief executive officer directly owned 38,858 shares in the company, valued at $7,937,135.08. This trade represents a 11.40% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 123,769 shares of company stock valued at $24,943,734. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.