Marshall Wace North America L.P. reduced its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 38.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 612,603 shares of the game software company’s stock after selling 384,705 shares during the quarter. Marshall Wace North America L.P.’s holdings in Electronic Arts were worth $73,813,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Columbus Hill Capital Management L.P. acquired a new position in shares of Electronic Arts in the third quarter worth $1,205,000. Allen Investment Management LLC increased its stake in shares of Electronic Arts by 67.6% in the third quarter. Allen Investment Management LLC now owns 18,417 shares of the game software company’s stock worth $2,219,000 after acquiring an additional 7,427 shares during the last quarter. State Treasurer State of Michigan increased its stake in shares of Electronic Arts by 0.6% in the second quarter. State Treasurer State of Michigan now owns 90,806 shares of the game software company’s stock worth $12,805,000 after acquiring an additional 500 shares during the last quarter. Vision Capital Management Inc. increased its stake in shares of Electronic Arts by 22.3% in the third quarter. Vision Capital Management Inc. now owns 31,955 shares of the game software company’s stock worth $3,850,000 after acquiring an additional 5,825 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Electronic Arts by 333.2% in the second quarter. First Trust Advisors LP now owns 243,908 shares of the game software company’s stock worth $34,396,000 after acquiring an additional 187,609 shares during the last quarter. 94.99% of the stock is currently owned by institutional investors.

NASDAQ:EA traded up $2.70 during trading hours on Thursday, reaching $83.88. The company’s stock had a trading volume of 5,734,069 shares, compared to its average volume of 3,981,861. The stock has a market capitalization of $24.53 billion, a PE ratio of 24.38, a P/E/G ratio of 1.40 and a beta of 1.02. Electronic Arts Inc. has a one year low of $79.50 and a one year high of $151.26. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.19.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, October 30th. The game software company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.46. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Electronic Arts had a net margin of 18.76% and a return on equity of 26.01%. Electronic Arts’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 earnings per share. On average, sell-side analysts forecast that Electronic Arts Inc. will post 3.87 earnings per share for the current fiscal year.

In other Electronic Arts news, CEO Andrew Wilson sold 9,000 shares of the company’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $84.36, for a total transaction of $759,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laura Miele sold 1,250 shares of the company’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $93.83, for a total transaction of $117,287.50. Following the sale, the insider now owns 10,961 shares of the company’s stock, valued at $1,028,470.63. The disclosure for this sale can be found here. Insiders have sold 74,450 shares of company stock valued at $7,925,690 over the last 90 days. Corporate insiders own 2.24% of the company’s stock.

A number of equities analysts have recently weighed in on EA shares. Morgan Stanley dropped their price target on shares of Electronic Arts from $122.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 31st. Credit Suisse Group dropped their price target on shares of Electronic Arts from $155.00 to $146.00 and set an “outperform” rating on the stock in a research note on Friday, August 31st. MKM Partners dropped their price target on shares of Electronic Arts to $157.00 and set a “buy” rating on the stock in a research note on Friday, August 31st. TheStreet downgraded shares of Electronic Arts from a “b-” rating to a “c+” rating in a research note on Friday, November 30th. Finally, UBS Group dropped their price target on shares of Electronic Arts from $176.00 to $166.00 and set a “buy” rating on the stock in a research note on Friday, August 31st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $134.68.

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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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