Virtu Financial LLC trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 62.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,213 shares of the game software company’s stock after selling 8,626 shares during the quarter. Virtu Financial LLC’s holdings in Electronic Arts were worth $530,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of EA. Norges Bank bought a new stake in shares of Electronic Arts in the 4th quarter valued at $243,373,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Electronic Arts by 7,694.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,624,704 shares of the game software company’s stock valued at $33,000 after purchasing an additional 2,591,032 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of Electronic Arts by 13,042.7% in the 4th quarter. Two Sigma Advisers LP now owns 2,476,342 shares of the game software company’s stock valued at $195,408,000 after purchasing an additional 2,457,500 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Electronic Arts by 20.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,650,029 shares of the game software company’s stock valued at $919,303,000 after purchasing an additional 1,952,780 shares during the last quarter. Finally, CI Investments Inc. boosted its stake in shares of Electronic Arts by 177,205.0% in the 4th quarter. CI Investments Inc. now owns 1,773,050 shares of the game software company’s stock valued at $139,911,000 after purchasing an additional 1,772,050 shares during the last quarter. 92.91% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on EA. BidaskClub lowered shares of Electronic Arts from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. SunTrust Banks set a $107.00 price objective on shares of Electronic Arts and gave the company a “buy” rating in a research note on Monday, April 8th. MKM Partners reduced their price objective on shares of Electronic Arts to $112.00 and set a “buy” rating on the stock in a research note on Wednesday, January 30th. Robert W. Baird reduced their price objective on shares of Electronic Arts from $154.00 to $90.00 in a research note on Wednesday, February 6th. Finally, Wedbush reduced their price objective on shares of Electronic Arts from $111.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $112.04.

Shares of NASDAQ EA opened at $93.14 on Friday. The firm has a market cap of $27.90 billion, a P/E ratio of 27.08, a P/E/G ratio of 1.58 and a beta of 1.19. Electronic Arts Inc. has a 12-month low of $73.91 and a 12-month high of $151.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.99 and a current ratio of 2.99.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, February 5th. The game software company reported $1.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.12. Electronic Arts had a net margin of 26.77% and a return on equity of 23.21%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period in the prior year, the firm earned ($0.60) earnings per share. Electronic Arts’s revenue was down 18.4% on a year-over-year basis. Equities research analysts predict that Electronic Arts Inc. will post 3.16 earnings per share for the current fiscal year.

In other Electronic Arts news, insider Laura Miele sold 1,250 shares of the company’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $91.77, for a total transaction of $114,712.50. Following the transaction, the insider now owns 6,760 shares in the company, valued at $620,365.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 9,000 shares of the company’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $91.77, for a total transaction of $825,930.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,500 shares of company stock worth $8,266,003. Corporate insiders own 2.24% of the company’s stock.

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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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