Jennison Associates LLC trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 16.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 955,543 shares of the game software company’s stock after selling 193,069 shares during the period. Jennison Associates LLC owned about 0.31% of Electronic Arts worth $112,811,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. FMR LLC raised its stake in shares of Electronic Arts by 0.7% during the second quarter. FMR LLC now owns 30,692,180 shares of the game software company’s stock valued at $3,244,778,000 after acquiring an additional 205,768 shares during the last quarter. Northern Trust Corp raised its stake in shares of Electronic Arts by 1.2% during the second quarter. Northern Trust Corp now owns 3,431,740 shares of the game software company’s stock valued at $362,804,000 after acquiring an additional 40,722 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Electronic Arts by 7.8% during the third quarter. American Century Companies Inc. now owns 2,712,104 shares of the game software company’s stock valued at $320,191,000 after acquiring an additional 196,228 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Electronic Arts by 928.4% during the second quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock valued at $273,399,000 after acquiring an additional 2,334,600 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Electronic Arts by 12.9% during the second 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 acquiring an additional 199,073 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

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Several brokerages recently issued reports on EA. BMO Capital Markets reduced their price target on shares of Electronic Arts from $100.00 to $97.00 and set a “market perform” rating on the stock in a research report on Thursday, November 2nd. Zacks Investment Research cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Barclays PLC reduced their price target on shares of Electronic Arts from $129.00 to $127.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 1st. Robert W. Baird reiterated a “buy” rating and set a $130.00 price target on shares of Electronic Arts in a research report on Wednesday, November 1st. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $130.00 price target on shares of Electronic Arts in a research report on Wednesday, November 1st. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $123.38.

Electronic Arts Inc. (NASDAQ EA) traded up $0.86 on Friday, reaching $112.75. 2,534,000 shares of the company’s stock traded hands, compared to its average volume of 3,640,932. The company has a quick ratio of 3.01, a current ratio of 2.38 and a debt-to-equity ratio of 0.23. Electronic Arts Inc. has a fifty-two week low of $73.74 and a fifty-two week high of $122.79. The company has a market capitalization of $34,718.54, a P/E ratio of 28.98, a PEG ratio of 1.85 and a beta of 0.65.

In other news, CFO Blake J. Jorgensen sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $111.94, for a total transaction of $1,119,400.00. Following the sale, the chief financial officer now directly owns 182,814 shares in the company, valued at approximately $20,464,199.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 10,058 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $119.56, for a total transaction of $1,202,534.48. The disclosure for this sale can be found here. Insiders sold 190,596 shares of company stock worth $22,627,981 over the last quarter. 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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