Huntington National Bank cut its stake in Electronic Arts Inc. (NASDAQ:EA) by 1.1% during the first quarter, Holdings Channel reports. The fund owned 105,353 shares of the game software company’s stock after selling 1,200 shares during the period. Huntington National Bank’s holdings in Electronic Arts were worth $9,431,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of EA. State Street Corp boosted its stake in Electronic Arts by 2.4% in the fourth quarter. State Street Corp now owns 11,567,754 shares of the game software company’s stock valued at $911,088,000 after buying an additional 272,121 shares during the period. Lone Pine Capital LLC boosted its stake in Electronic Arts by 9.3% in the fourth quarter. Lone Pine Capital LLC now owns 9,422,175 shares of the game software company’s stock valued at $742,091,000 after buying an additional 803,155 shares during the period. Fred Alger Management Inc. boosted its stake in Electronic Arts by 19.7% in the fourth quarter. Fred Alger Management Inc. now owns 3,551,937 shares of the game software company’s stock valued at $279,750,000 after buying an additional 583,699 shares during the period. Norges Bank bought a new stake in Electronic Arts during the fourth quarter valued at $177,920,000. Finally, Alkeon Capital Management LLC boosted its stake in Electronic Arts by 19.8% in the fourth quarter. Alkeon Capital Management LLC now owns 2,098,182 shares of the game software company’s stock valued at $165,253,000 after buying an additional 346,992 shares during the period.

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

Shares of Electronic Arts Inc. (NASDAQ:EA) traded up 1.74% during trading on Thursday, reaching $91.21. The company’s stock had a trading volume of 2,024,282 shares. Electronic Arts Inc. has a 12-month low of $61.10 and a 12-month high of $91.82. The stock has a market capitalization of $28.12 billion, a PE ratio of 22.14 and a beta of 0.65. The firm’s 50-day moving average is $89.15 and its 200-day moving average is $83.32.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, January 31st. The game software company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.15. The company earned $2.07 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Electronic Arts had a return on equity of 27.22% and a net margin of 28.10%. Electronic Arts’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $1.83 earnings per share. Equities analysts expect that Electronic Arts Inc. will post $3.83 earnings per share for the current year.

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A number of brokerages have recently commented on EA. Zacks Investment Research upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Tuesday, December 27th. Vetr upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $83.15 target price on the stock in a report on Monday, January 2nd. Mizuho boosted their target price on shares of Electronic Arts from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, February 1st. Macquarie restated an “outperform” rating and set a $88.00 target price on shares of Electronic Arts in a report on Wednesday, February 1st. Finally, Cowen and Company restated a “market perform” rating on shares of Electronic Arts in a report on Tuesday, January 31st. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $90.98.

In related news, CEO Andrew Wilson sold 8,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $86.96, for a total transaction of $695,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Chris Bruzzo sold 12,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $81.97, for a total value of $983,640.00. Following the transaction, the executive vice president now owns 13,442 shares of the company’s stock, valued at $1,101,840.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 107,179 shares of company stock valued at $9,210,452. 3.46% of the stock is owned by company insiders.

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.

5 Day Chart for NASDAQ:EA

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