Andra AP fonden purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 80,900 shares of the game software company’s stock, valued at approximately $8,222,000.

Several other institutional investors have also modified their holdings of the company. BB&T Securities LLC grew its position in Electronic Arts by 14.3% during the fourth quarter. BB&T Securities LLC now owns 10,717 shares of the game software company’s stock worth $845,000 after buying an additional 1,337 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Electronic Arts by 69.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 20,994 shares of the game software company’s stock worth $1,659,000 after buying an additional 8,585 shares in the last quarter. Cim Investment Mangement Inc. acquired a new stake in Electronic Arts during the fourth quarter worth approximately $450,000. Westside Investment Management Inc. grew its position in Electronic Arts by 33.3% during the fourth quarter. Westside Investment Management Inc. now owns 800 shares of the game software company’s stock worth $63,000 after buying an additional 200 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in Electronic Arts by 35.7% during the fourth quarter. Parallel Advisors LLC now owns 1,114 shares of the game software company’s stock worth $87,000 after buying an additional 293 shares in the last quarter. Institutional investors and hedge funds own 93.61% of the company’s stock.

A number of brokerages recently issued reports on EA. BidaskClub raised Electronic Arts from a “sell” rating to a “hold” rating in a research report on Tuesday. Citigroup started coverage on Electronic Arts in a report on Friday, June 7th. They issued a “neutral” rating and a $102.00 target price on the stock. Barclays set a $102.00 target price on Electronic Arts and gave the company a “buy” rating in a report on Wednesday, May 8th. UBS Group raised their target price on Electronic Arts from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $114.00 target price (up previously from $111.00) on shares of Electronic Arts in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $111.30.

NASDAQ EA opened at $94.58 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.82 and a current ratio of 2.82. Electronic Arts Inc. has a twelve month low of $73.91 and a twelve month high of $151.26. The firm has a market cap of $28.11 billion, a P/E ratio of 24.07, a PEG ratio of 1.56 and a beta of 1.03.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, May 7th. The game software company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.43. Electronic Arts had a return on equity of 22.62% and a net margin of 20.59%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the business posted $1.31 EPS. Electronic Arts’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts forecast that Electronic Arts Inc. will post 3.77 earnings per share for the current fiscal year.

In related news, General Counsel Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $100.00, for a total transaction of $100,000.00. Following the completion of the transaction, the general counsel now directly owns 12,168 shares of the company’s stock, valued at approximately $1,216,800. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 29,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $103.00, for a total value of $2,987,000.00. Following the transaction, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $2,060,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,044 shares of company stock worth $7,571,564. 2.24% of the stock is currently owned by company insiders.

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Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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

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