Alyeska Investment Group L.P. boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 32.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 866,895 shares of the game software company’s stock after buying an additional 214,433 shares during the period. Alyeska Investment Group L.P. owned approximately 0.28% of Electronic Arts worth $102,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in EA. ProVise Management Group LLC grew its stake in Electronic Arts by 0.8% during the 2nd quarter. ProVise Management Group LLC now owns 4,324 shares of the game software company’s stock valued at $458,000 after purchasing an additional 36 shares during the last quarter. Veritable L.P. grew its stake in Electronic Arts by 1.5% during the 2nd quarter. Veritable L.P. now owns 7,443 shares of the game software company’s stock valued at $787,000 after purchasing an additional 113 shares during the last quarter. Great Lakes Advisors LLC grew its stake in Electronic Arts by 3.3% during the 2nd quarter. Great Lakes Advisors LLC now owns 3,554 shares of the game software company’s stock valued at $376,000 after purchasing an additional 115 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Electronic Arts by 0.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,033 shares of the game software company’s stock valued at $2,435,000 after purchasing an additional 166 shares during the last quarter. Finally, Pegasus Partners Ltd. grew its stake in Electronic Arts by 2.3% during the 2nd quarter. Pegasus Partners Ltd. now owns 11,447 shares of the game software company’s stock valued at $1,210,000 after purchasing an additional 254 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors.

In other Electronic Arts news, CFO Blake J. Jorgensen sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $100.27, for a total transaction of $1,002,700.00. Following the completion of the transaction, the chief financial officer now owns 169,614 shares of the company’s stock, valued at $17,007,195.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $120.77, for a total value of $120,770.00. The disclosure for this sale can be found here. Insiders have sold 67,674 shares of company stock worth $7,551,251 in the last quarter. 2.55% of the stock is currently owned by company insiders.

Several analysts have weighed in on the company. Buckingham Research set a $143.00 price target on Electronic Arts and gave the company a “buy” rating in a research note on Sunday, November 19th. Zacks Investment Research downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Needham & Company LLC reiterated a “buy” rating and set a $130.00 price target on shares of Electronic Arts in a research note on Friday, October 13th. Morgan Stanley restated an “overweight” rating and issued a $128.00 target price (up previously from $126.00) on shares of Electronic Arts in a research note on Monday, October 2nd. Finally, Benchmark upped their target price on Electronic Arts from $136.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, September 13th. Five research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Electronic Arts has a consensus rating of “Buy” and an average price target of $123.26.

Electronic Arts Inc. (NASDAQ:EA) opened at $104.37 on Friday. The stock has a market capitalization of $31,833.33, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 1.70 and a beta of 0.61. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23. Electronic Arts Inc. has a 1 year low of $77.40 and a 1 year high of $122.79.

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Electronic Arts 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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