First Republic Investment Management Inc. raised its stake in Electronic Arts Inc. (NASDAQ:EA) by 33.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,133 shares of the game software company’s stock after purchasing an additional 1,554 shares during the quarter. First Republic Investment Management Inc.’s holdings in Electronic Arts were worth $725,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Myriad Asset Management Ltd. bought a new position in shares of Electronic Arts during the 3rd quarter worth approximately $41,321,000. Asset Management One Co. Ltd. boosted its stake in shares of Electronic Arts by 5.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 511,453 shares of the game software company’s stock worth $60,319,000 after acquiring an additional 28,394 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Electronic Arts by 74.9% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 196,045 shares of the game software company’s stock worth $23,145,000 after acquiring an additional 83,926 shares during the period. AMP Capital Investors Ltd boosted its stake in shares of Electronic Arts by 7.8% during the 3rd quarter. AMP Capital Investors Ltd now owns 201,750 shares of the game software company’s stock worth $23,820,000 after acquiring an additional 14,519 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of Electronic Arts by 1.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 64,813 shares of the game software company’s stock worth $7,653,000 after acquiring an additional 677 shares during the period. Hedge funds and other institutional investors own 93.78% of the company’s stock.

In other news, CFO Blake J. Jorgensen sold 10,000 shares of Electronic Arts stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew Wilson sold 10,058 shares of Electronic Arts 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. Insiders sold a total of 67,874 shares of company stock valued at $7,572,291 over the last ninety days. Insiders own 2.55% of the company’s stock.

Electronic Arts Inc. (NASDAQ:EA) opened at $109.28 on Friday. The firm has a market capitalization of $32,498.45, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 1.73 and a beta of 0.61. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.23. Electronic Arts Inc. has a fifty-two week low of $77.94 and a fifty-two week high of $122.79.

Several research firms recently weighed in on EA. Oppenheimer reissued a “buy” rating on shares of Electronic Arts in a report on Friday, November 17th. Zacks Investment Research cut Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Barclays dropped their price target on Electronic Arts from $129.00 to $127.00 and set an “overweight” rating for the company in a report on Wednesday, November 1st. KeyCorp reissued a “buy” rating and set a $134.00 price target on shares of Electronic Arts in a report on Sunday, November 19th. Finally, Goldman Sachs Group began coverage on Electronic Arts in a report on Friday, September 8th. They set a “buy” rating and a $136.00 price target for the company. Five research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Electronic Arts currently has an average rating of “Buy” and a consensus price target of $123.26.

ILLEGAL ACTIVITY NOTICE: “First Republic Investment Management Inc. Has $725,000 Holdings in Electronic Arts Inc. (EA)” was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.dailypolitical.com/2017/12/16/first-republic-investment-management-inc-has-725000-holdings-in-electronic-arts-inc-ea.html.

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.

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

Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.