Quantbot Technologies LP increased its stake in Electronic Arts Inc. (NASDAQ:EA) by 1,070.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,232 shares of the game software company’s stock after acquiring an additional 48,685 shares during the period. Quantbot Technologies LP’s holdings in Electronic Arts were worth $5,627,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EA. BlackRock Inc. lifted its stake in shares of Electronic Arts by 3,420.8% in the 1st quarter. BlackRock Inc. now owns 20,764,484 shares of the game software company’s stock valued at $1,858,837,000 after acquiring an additional 20,174,721 shares during the last quarter. Winslow Capital Management LLC lifted its stake in shares of Electronic Arts by 1,869,551.3% in the 1st quarter. Winslow Capital Management LLC now owns 2,879,263 shares of the game software company’s stock valued at $257,751,000 after acquiring an additional 2,879,109 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Electronic Arts by 8.8% in the 1st quarter. Vanguard Group Inc. now owns 29,631,771 shares of the game software company’s stock valued at $2,652,637,000 after acquiring an additional 2,394,314 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Electronic Arts by 174.5% in the 1st quarter. AQR Capital Management LLC now owns 2,180,565 shares of the game software company’s stock valued at $195,204,000 after acquiring an additional 1,386,296 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Electronic Arts by 15.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,077,235 shares of the game software company’s stock valued at $723,074,000 after acquiring an additional 1,064,602 shares during the last quarter. 93.84% of the stock is owned by institutional investors.

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In other news, CEO Andrew Wilson sold 9,059 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $105.91, for a total transaction of $959,438.69. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Blake J. Jorgensen sold 10,000 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $117.14, for a total transaction of $1,171,400.00. Following the sale, the chief financial officer now directly owns 199,614 shares in the company, valued at $23,382,783.96. The disclosure for this sale can be found here. Insiders sold 195,097 shares of company stock worth $23,019,378 over the last ninety days. Corporate insiders own 2.55% of the company’s stock.

EA has been the subject of a number of recent analyst reports. Bank of America Corporation raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $131.00 price target for the company in a research report on Wednesday, July 26th. BidaskClub raised Electronic Arts from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Needham & Company LLC initiated coverage on Electronic Arts in a research report on Monday, July 17th. They set a “buy” rating and a $130.00 price target for the company. Stifel Nicolaus reaffirmed a “buy” rating on shares of Electronic Arts in a research report on Monday, July 17th. Finally, Benchmark Co. upped their price target on Electronic Arts from $114.00 to $131.00 and gave the company a “buy” rating in a research report on Tuesday, June 20th. Four equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $118.01.

Shares of Electronic Arts Inc. (NASDAQ EA) traded down 1.367% during mid-day trading on Thursday, reaching $118.695. The company’s stock had a trading volume of 378,404 shares. Electronic Arts Inc. has a one year low of $73.74 and a one year high of $122.79. The firm’s 50 day moving average is $118.23 and its 200 day moving average is $106.08. The firm has a market cap of $36.64 billion, a PE ratio of 31.779 and a beta of 0.68.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Thursday, July 27th. The game software company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.22. Electronic Arts had a net margin of 23.31% and a return on equity of 29.77%. The business had revenue of $775.00 million for the quarter, compared to analyst estimates of $768.47 million. During the same period in the previous year, the company earned $0.07 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, equities analysts anticipate that Electronic Arts Inc. will post $4.24 earnings per share for the current fiscal year.

Electronic Arts 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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