Lombard Odier Asset Management USA Corp increased its stake in Electronic Arts Inc. (NASDAQ:EA) by 86.5% during the 1st quarter, HoldingsChannel reports. The fund owned 139,841 shares of the game software company’s stock after purchasing an additional 64,841 shares during the quarter. Electronic Arts makes up approximately 1.1% of Lombard Odier Asset Management USA Corp’s investment portfolio, making the stock its 24th biggest position. Lombard Odier Asset Management USA Corp’s holdings in Electronic Arts were worth $14,212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in EA. Allstate Corp raised its stake in Electronic Arts by 73.0% in the first quarter. Allstate Corp now owns 13,340 shares of the game software company’s stock valued at $1,356,000 after buying an additional 5,628 shares in the last quarter. GYL Financial Synergies LLC acquired a new stake in Electronic Arts in the first quarter valued at $431,000. Marshall Wace North America L.P. raised its stake in Electronic Arts by 1,091.0% in the first quarter. Marshall Wace North America L.P. now owns 1,263,601 shares of the game software company’s stock valued at $128,421,000 after buying an additional 1,157,504 shares in the last quarter. Marshall Wace LLP raised its stake in Electronic Arts by 285.8% in the first quarter. Marshall Wace LLP now owns 501,670 shares of the game software company’s stock valued at $50,986,000 after buying an additional 371,650 shares in the last quarter. Finally, Hellman Jordan Management Co. Inc. MA acquired a new stake in Electronic Arts in the first quarter valued at $2,545,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

In other Electronic Arts news, Director Lawrence F. Probst III sold 8,400 shares of Electronic Arts stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $97.32, for a total value of $817,488.00. Following the sale, the director now owns 118,238 shares of the company’s stock, valued at approximately $11,506,922.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 500 shares of Electronic Arts stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $92.92, for a total value of $46,460.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,744 shares of company stock worth $8,112,960. Corporate insiders own 2.24% of the company’s stock.

A number of research firms have weighed in on EA. BidaskClub cut Electronic Arts from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. Needham & Company LLC raised their price objective on Electronic Arts to $120.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Credit Suisse Group raised their price objective on Electronic Arts from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. SunTrust Banks set a $107.00 price objective on Electronic Arts and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, UBS Group raised their price objective on Electronic Arts from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $111.30.

NASDAQ EA opened at $92.37 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.82 and a current ratio of 2.82. Electronic Arts Inc. has a 52-week low of $73.91 and a 52-week high of $151.26. The stock has a market cap of $27.57 billion, a P/E ratio of 23.50, a P/E/G ratio of 1.49 and a beta of 1.03.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, May 7th. The game software company reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.43. Electronic Arts had a return on equity of 22.62% and a net margin of 20.59%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the company posted $1.31 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis. Analysts predict that Electronic Arts Inc. will post 3.77 earnings per share for the current fiscal year.

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Electronic Arts Company 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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