Sei Investments Co. trimmed its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 6.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 474,340 shares of the game software company’s stock after selling 34,264 shares during the quarter. Sei Investments Co. owned approximately 0.15% of Electronic Arts worth $56,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. FMR LLC grew its position in Electronic Arts by 0.7% during the 2nd quarter. FMR LLC now owns 30,692,180 shares of the game software company’s stock worth $3,244,778,000 after acquiring an additional 205,768 shares during the last quarter. Northern Trust Corp grew its position in shares of Electronic Arts by 1.2% in the 2nd quarter. Northern Trust Corp now owns 3,431,740 shares of the game software company’s stock worth $362,804,000 after buying an additional 40,722 shares during the last quarter. American Century Companies Inc. grew its position in shares of Electronic Arts by 7.8% in the 3rd quarter. American Century Companies Inc. now owns 2,712,104 shares of the game software company’s stock worth $320,191,000 after buying an additional 196,228 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Electronic Arts by 928.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock worth $273,399,000 after buying an additional 2,334,600 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in shares of Electronic Arts by 12.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,741,644 shares of the game software company’s stock worth $184,127,000 after buying an additional 199,073 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

A number of brokerages have recently weighed in on EA. BMO Capital Markets cut their price objective on 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. Piper Jaffray Companies reiterated a “buy” rating and issued a $130.00 price objective on shares of Electronic Arts in a research report on Wednesday, November 1st. Zacks Investment Research lowered Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Robert W. Baird reiterated a “buy” rating and issued a $130.00 price objective on shares of Electronic Arts in a research report on Wednesday, November 1st. Finally, Wedbush reiterated a “buy” rating on shares of Electronic Arts in a research report on Friday, July 28th. Five equities research 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. Electronic Arts has an average rating of “Buy” and an average target price of $123.38.

Shares of Electronic Arts Inc. (EA) traded up $0.86 during mid-day trading on Friday, reaching $112.75. The company’s stock had a trading volume of 2,534,000 shares, compared to its average volume of 2,850,459. 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 debt-to-equity ratio of 0.23, a quick ratio of 3.01 and a current ratio of 2.38. The stock has a market capitalization of $34,453.77, a P/E ratio of 28.76, a PEG ratio of 1.83 and a beta of 0.65.

In related news, CFO Blake J. Jorgensen sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $111.94, for a total value of $1,119,400.00. Following the transaction, the chief financial officer now owns 182,814 shares of the company’s stock, valued at $20,464,199.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Lawrence F. Probst III sold 55,850 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $121.18, for a total value of $6,767,903.00. Following the completion of the transaction, the director now directly owns 171,123 shares in the company, valued at approximately $20,736,685.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 190,596 shares of company stock worth $22,627,981. Insiders own 2.55% of the company’s stock.

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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.

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

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