OZ Management LP purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 64,144 shares of the game software company’s stock, valued at approximately $7,729,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Motley Fool Asset Management LLC raised its position in shares of Electronic Arts by 13.8% during the 2nd quarter. Motley Fool Asset Management LLC now owns 3,286 shares of the game software company’s stock worth $463,000 after acquiring an additional 399 shares in the last quarter. State Treasurer State of Michigan raised its position in shares of Electronic Arts by 0.6% during the 2nd 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 in the last quarter. Redpoint Investment Management Pty Ltd raised its position in shares of Electronic Arts by 2.0% during the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 26,640 shares of the game software company’s stock worth $3,757,000 after acquiring an additional 514 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Electronic Arts by 0.9% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 61,038 shares of the game software company’s stock worth $8,608,000 after acquiring an additional 551 shares in the last quarter. Finally, Wetherby Asset Management Inc. raised its position in shares of Electronic Arts by 11.1% during the 3rd quarter. Wetherby Asset Management Inc. now owns 5,916 shares of the game software company’s stock worth $713,000 after acquiring an additional 593 shares in the last quarter. 94.99% of the stock is currently owned by institutional investors and hedge funds.

Shares of EA stock opened at $81.18 on Wednesday. Electronic Arts Inc. has a twelve month low of $80.42 and a twelve month high of $151.26. The company has a market capitalization of $25.40 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 1.45 and a beta of 1.02. 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 announced its earnings results on Tuesday, October 30th. The game software company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.46. Electronic Arts had a return on equity of 26.01% and a net margin of 18.76%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the business posted $0.62 EPS. The company’s revenue was up 3.6% on a year-over-year basis. On average, equities analysts expect that Electronic Arts Inc. will post 3.87 EPS for the current year.

In related news, General Counsel Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $113.42, for a total value of $113,420.00. Following the sale, the general counsel now directly owns 18,029 shares in the company, valued at $2,044,849.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Andrew Wilson sold 9,000 shares of Electronic Arts stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $84.36, for a total value of $759,240.00. The disclosure for this sale can be found here. Insiders sold a total of 74,450 shares of company stock worth $7,925,690 over the last quarter. Company insiders own 2.24% of the company’s stock.

Several research analysts have commented on EA shares. Piper Jaffray Companies cut their price target on Electronic Arts from $165.00 to $148.00 and set an “overweight” rating on the stock in a research report on Thursday, August 30th. ValuEngine lowered Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. Bank of America lowered Electronic Arts from a “buy” rating to a “neutral” rating and cut their price target for the stock from $159.00 to $126.00 in a research report on Friday, August 31st. They noted that the move was a valuation call. BMO Capital Markets cut their price target on Electronic Arts from $162.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, August 31st. Finally, KeyCorp cut their price target on Electronic Arts from $168.00 to $137.00 and set an “overweight” rating on the stock in a research report on Friday, August 31st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price 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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