BRYN MAWR TRUST Co maintained its position in shares of Electronic Arts Inc. (NASDAQ:EA) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,900 shares of the game software company’s stock at the end of the second quarter. BRYN MAWR TRUST Co’s holdings in Electronic Arts were worth $307,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EA. Meadow Creek Investment Management LLC boosted its stake in shares of Electronic Arts by 17.3% during the first quarter. Meadow Creek Investment Management LLC now owns 4,336 shares of the game software company’s stock worth $388,000 after buying an additional 640 shares during the period. Commerce Bank acquired a new stake in shares of Electronic Arts during the first quarter worth about $203,000. Mutual of America Capital Management LLC boosted its stake in shares of Electronic Arts by 3.9% during the first quarter. Mutual of America Capital Management LLC now owns 35,989 shares of the game software company’s stock worth $3,222,000 after buying an additional 1,364 shares during the period. HL Financial Services LLC boosted its stake in shares of Electronic Arts by 14.0% during the first quarter. HL Financial Services LLC now owns 60,070 shares of the game software company’s stock worth $5,377,000 after buying an additional 7,389 shares during the period. Finally, Vision Capital Management Inc. boosted its stake in shares of Electronic Arts by 7.6% during the first quarter. Vision Capital Management Inc. now owns 30,225 shares of the game software company’s stock worth $2,706,000 after buying an additional 2,125 shares during the period. Institutional investors own 93.84% of the company’s stock.

Several equities research analysts have recently weighed in on EA shares. Bank of America Corporation upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $131.00 target price for the company in a research note on Wednesday, July 26th. BidaskClub upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Needham & Company LLC started coverage on shares of Electronic Arts in a research note on Monday, July 17th. They set a “buy” rating and a $130.00 target price for the company. Stifel Nicolaus reiterated a “buy” rating on shares of Electronic Arts in a research note on Monday, July 17th. Finally, Benchmark Co. increased their target price on shares of Electronic Arts from $114.00 to $131.00 and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Four equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Electronic Arts currently has a consensus rating of “Buy” and an average target price of $118.01.

Electronic Arts Inc. (NASDAQ EA) opened at 120.34 on Thursday. Electronic Arts Inc. has a 52 week low of $73.74 and a 52 week high of $122.79. The stock’s 50 day moving average is $118.23 and its 200-day moving average is $106.08. The stock has a market capitalization of $37.15 billion, a PE ratio of 32.22 and a beta of 0.68.

Electronic Arts (NASDAQ:EA) last released its earnings results on Thursday, July 27th. The game software company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.14 by $0.22. Electronic Arts had a net margin of 23.31% and a return on equity of 29.77%. The business had revenue of $775.00 million during the quarter, compared to analyst estimates of $768.47 million. During the same period in the prior year, the business earned $0.07 earnings per share. The business’s quarterly revenue was up 13.6% on a year-over-year basis. Equities research analysts forecast that Electronic Arts Inc. will post $4.24 EPS for the current year.

In other news, CFO Blake J. Jorgensen sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $117.14, for a total transaction of $1,171,400.00. Following the sale, the chief financial officer now owns 199,614 shares in the company, valued at $23,382,783.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 9,059 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $105.91, for a total transaction of $959,438.69. The disclosure for this sale can be found here. Over the last three months, insiders have sold 195,097 shares of company stock valued at $23,019,378. Company insiders own 2.55% of the company’s stock.

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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.

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

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