Brown Brothers Harriman & Co. lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 49.9% during the third quarter, Holdings Channel reports. The institutional investor owned 15,302 shares of the game software company’s stock after selling 15,258 shares during the period. Brown Brothers Harriman & Co.’s holdings in Electronic Arts were worth $1,307,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in EA. Stratos Wealth Partners LTD. boosted its stake in shares of Electronic Arts by 0.9% in the third quarter. Stratos Wealth Partners LTD. now owns 2,684 shares of the game software company’s stock valued at $229,000 after buying an additional 23 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Electronic Arts by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 9,540 shares of the game software company’s stock valued at $815,000 after buying an additional 30 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of Electronic Arts by 2.1% in the second quarter. Checchi Capital Advisers LLC now owns 3,562 shares of the game software company’s stock valued at $270,000 after buying an additional 74 shares in the last quarter. BOKF NA boosted its stake in shares of Electronic Arts by 0.6% in the second quarter. BOKF NA now owns 13,272 shares of the game software company’s stock valued at $1,005,000 after buying an additional 80 shares in the last quarter. Finally, Profund Advisors LLC boosted its stake in shares of Electronic Arts by 0.4% in the third quarter. Profund Advisors LLC now owns 23,055 shares of the game software company’s stock valued at $1,969,000 after buying an additional 95 shares in the last quarter. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

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

Electronic Arts Inc. (NASDAQ:EA) traded up 0.94% during trading on Friday, hitting $80.35. The stock had a trading volume of 2,818,357 shares. The firm has a market cap of $24.25 billion, a P/E ratio of 20.48 and a beta of 0.55. Electronic Arts Inc. has a 12-month low of $53.01 and a 12-month high of $86.07. The stock’s 50 day moving average price is $79.20 and its 200 day moving average price is $79.84.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, November 1st. The game software company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.56. The company earned $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. Electronic Arts had a net margin of 27.62% and a return on equity of 23.03%. The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS. On average, analysts anticipate that Electronic Arts Inc. will post $3.70 EPS for the current fiscal year.

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A number of brokerages recently weighed in on EA. Vetr cut Electronic Arts from a “buy” rating to a “strong sell” rating and set a $67.56 price objective for the company. in a research note on Wednesday. Zacks Investment Research upgraded Electronic Arts from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Tuesday, December 27th. Benchmark Co. upped their price objective on Electronic Arts from $101.25 to $101.94 and gave the stock a “buy” rating in a research note on Thursday, December 8th. BMO Capital Markets restated a “hold” rating and set a $75.00 price objective on shares of Electronic Arts in a research note on Tuesday, November 22nd. Finally, MKM Partners restated a “buy” rating and set a $95.00 price objective on shares of Electronic Arts in a research note on Thursday, November 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $88.34.

In related news, CFO Blake J. Jorgensen sold 10,100 shares of the company’s stock in a transaction that occurred on Friday, October 21st. The stock was sold at an average price of $82.15, for a total value of $829,715.00. Following the sale, the chief financial officer now owns 103,310 shares of the company’s stock, valued at approximately $8,486,916.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Peter R. Moore sold 30,799 shares of the company’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $81.17, for a total value of $2,499,954.83. Following the completion of the sale, the executive vice president now directly owns 77,227 shares in the company, valued at approximately $6,268,515.59. The disclosure for this sale can be found here. Company insiders own 3.46% of the company’s stock.

About Electronic Arts

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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