Bessemer Group Inc. increased its position in Electronic Arts Inc. (NASDAQ:EA) by 144.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,325 shares of the game software company’s stock after purchasing an additional 783 shares during the period. Bessemer Group Inc.’s holdings in Electronic Arts were worth $157,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of EA. FMR LLC boosted its stake in shares of Electronic Arts by 0.7% during the 2nd quarter. FMR LLC now owns 30,692,180 shares of the game software company’s stock valued at $3,244,778,000 after buying an additional 205,768 shares during the period. Northern Trust Corp raised its holdings in shares of Electronic Arts by 1.2% during the 2nd quarter. Northern Trust Corp now owns 3,431,740 shares of the game software company’s stock valued at $362,804,000 after purchasing an additional 40,722 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Electronic Arts by 7.8% during the 3rd quarter. American Century Companies Inc. now owns 2,712,104 shares of the game software company’s stock valued at $320,191,000 after purchasing an additional 196,228 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of 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 valued at $273,399,000 after purchasing an additional 2,334,600 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Electronic Arts by 12.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,741,644 shares of the game software company’s stock valued at $184,127,000 after purchasing an additional 199,073 shares in the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently commented on EA. Zacks Investment Research downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Barclays PLC dropped their target price on shares of Electronic Arts from $129.00 to $127.00 and set an “overweight” rating on the stock in a report on Wednesday, November 1st. Goldman Sachs Group, Inc. (The) began coverage on shares of Electronic Arts in a report on Friday, September 8th. They issued a “buy” rating and a $136.00 target price on the stock. BidaskClub downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. Finally, Piper Jaffray Companies restated a “buy” rating and set a $128.00 price objective on shares of Electronic Arts in a report on Thursday, October 12th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Electronic Arts presently has a consensus rating of “Buy” and an average price target of $123.38.

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Electronic Arts Inc. (EA) opened at $107.64 on Tuesday. Electronic Arts Inc. has a 1-year low of $73.74 and a 1-year high of $122.79. The company has a market cap of $33,508.45, a price-to-earnings ratio of 27.97, a P/E/G ratio of 1.78 and a beta of 0.65. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23.

In other news, CEO Andrew Wilson sold 10,058 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $119.56, for a total value of $1,202,534.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lawrence F. Probst III sold 55,850 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $121.18, for a total transaction of $6,767,903.00. Following the completion of the transaction, the director now directly owns 171,123 shares in the company, valued at $20,736,685.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 122,524 shares of company stock valued at $14,538,985. Corporate insiders own 2.55% of the company’s stock.

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

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