Cornerstone Capital Management Holdings LLC. increased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 96.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 269,768 shares of the game software company’s stock after acquiring an additional 132,165 shares during the period. Cornerstone Capital Management Holdings LLC. owned about 0.09% of Electronic Arts worth $31,847,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Candriam Luxembourg S.C.A. raised its stake in Electronic Arts by 2.8% in the second quarter. Candriam Luxembourg S.C.A. now owns 18,976 shares of the game software company’s stock valued at $2,006,000 after buying an additional 517 shares during the period. IFP Advisors Inc grew its position in shares of Electronic Arts by 7.9% in the second quarter. IFP Advisors Inc now owns 7,538 shares of the game software company’s stock valued at $797,000 after purchasing an additional 551 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of Electronic Arts by 21.5% in the second quarter. Canada Pension Plan Investment Board now owns 306,515 shares of the game software company’s stock valued at $32,405,000 after purchasing an additional 54,300 shares during the last quarter. Wetherby Asset Management Inc. grew its position in shares of Electronic Arts by 10.1% in the second quarter. Wetherby Asset Management Inc. now owns 6,829 shares of the game software company’s stock valued at $722,000 after purchasing an additional 626 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Electronic Arts by 6.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 997,718 shares of the game software company’s stock valued at $105,479,000 after purchasing an additional 61,992 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Several research firms have recently commented on EA. Vetr downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 target price on the stock. in a research report on Wednesday, November 29th. KeyCorp reaffirmed a “buy” rating and issued a $134.00 target price on shares of Electronic Arts in a research report on Sunday, November 19th. Buckingham Research set a $143.00 target price on Electronic Arts and gave the company a “buy” rating in a research report on Sunday, November 19th. Oppenheimer reaffirmed a “buy” rating on shares of Electronic Arts in a research report on Friday, November 17th. Finally, BMO Capital Markets reduced their price target 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. Five research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $123.26.

Shares of Electronic Arts Inc. (NASDAQ:EA) opened at $105.27 on Friday. The firm has a market capitalization of $32,620.00, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 1.70 and a beta of 0.61. Electronic Arts Inc. has a twelve month low of $77.81 and a twelve month high of $122.79. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.23.

In other news, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $120.77, for a total value of $120,770.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 10,058 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $118.04, for a total value of $1,187,246.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,674 shares of company stock worth $7,551,251. Company insiders own 2.55% of the company’s stock.

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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.

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

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