KBC Group NV lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 7.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 44,538 shares of the game software company’s stock after acquiring an additional 3,253 shares during the quarter. KBC Group NV’s holdings in Electronic Arts were worth $5,258,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of EA. FMR LLC lifted its holdings 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 purchasing an additional 205,768 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Electronic Arts by 0.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,203,946 shares of the game software company’s stock worth $496,317,000 after purchasing an additional 25,397 shares in the last quarter. Northern Trust Corp lifted its holdings in Electronic Arts by 1.2% during the 2nd quarter. Northern Trust Corp now owns 3,431,740 shares of the game software company’s stock worth $362,804,000 after purchasing an additional 40,722 shares in the last quarter. American Century Companies Inc. lifted its holdings in Electronic Arts by 7.8% during 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 purchasing an additional 196,228 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Electronic Arts by 928.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock worth $273,399,000 after purchasing an additional 2,334,600 shares in the last quarter. Institutional investors own 93.78% of the company’s stock.

Electronic Arts Inc. (NASDAQ:EA) opened at $103.18 on Thursday. The firm has a market capitalization of $31,048.12, a PE ratio of 25.92, a P/E/G ratio of 1.66 and a beta of 0.61. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23. Electronic Arts Inc. has a 1-year low of $76.42 and a 1-year high of $122.79.

In related news, CEO Andrew Wilson sold 10,058 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $118.04, for a total transaction of $1,187,246.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Blake J. Jorgensen sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $118.43, for a total value of $1,184,300.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,674 shares of company stock worth $7,551,251. 2.55% of the stock is currently owned by insiders.

Several analysts have weighed in on EA shares. Zacks Investment Research raised Electronic Arts from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Friday, October 27th. KeyCorp reaffirmed a “buy” rating and issued a $134.00 price target on shares of Electronic Arts in a report on Friday, August 25th. Jefferies Group reaffirmed a “buy” rating and issued a $135.00 price target on shares of Electronic Arts in a report on Thursday, August 31st. Barclays started coverage on Electronic Arts in a report on Wednesday, October 4th. They issued an “overweight” rating and a $129.00 price target on the stock. Finally, Buckingham Research started coverage on Electronic Arts in a report on Wednesday, September 20th. They issued a “buy” rating and a $143.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $123.26.

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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.

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

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