NEXT Financial Group Inc trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,793 shares of the game software company’s stock after selling 660 shares during the quarter. NEXT Financial Group Inc’s holdings in Electronic Arts were worth $1,239,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. FMR LLC increased its position in Electronic Arts by 0.7% during the second quarter. FMR LLC now owns 30,692,180 shares of the game software company’s stock worth $3,244,778,000 after acquiring an additional 205,768 shares during the period. Bank of New York Mellon Corp increased its position in Electronic Arts by 0.6% during the third 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 acquiring an additional 25,397 shares during the period. Northern Trust Corp increased its holdings in Electronic Arts by 1.2% in the 2nd quarter. Northern Trust Corp now owns 3,431,740 shares of the game software company’s stock valued at $362,804,000 after buying an additional 40,722 shares during the period. American Century Companies Inc. increased its holdings in Electronic Arts by 7.8% in the 3rd quarter. American Century Companies Inc. now owns 2,712,104 shares of the game software company’s stock valued at $320,191,000 after buying an additional 196,228 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Electronic Arts by 928.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock valued at $273,399,000 after buying an additional 2,334,600 shares during the period. 93.53% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Inc. (NASDAQ:EA) traded down $1.21 on Tuesday, hitting $111.92. 3,570,774 shares of the stock were exchanged, compared to its average volume of 3,850,590. Electronic Arts Inc. has a one year low of $78.89 and a one year high of $122.79. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23. The firm has a market cap of $34,550.00, a P/E ratio of 29.53, a P/E/G ratio of 1.86 and a beta of 0.61.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, October 31st. The game software company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.40 by $0.10. Electronic Arts had a net margin of 23.35% and a return on equity of 28.92%. equities analysts predict that Electronic Arts Inc. will post 3.69 earnings per share for the current fiscal year.

In related news, CFO Blake J. Jorgensen sold 10,500 shares of Electronic Arts stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $112.85, for a total transaction of $1,184,925.00. Following the sale, the chief financial officer now directly owns 159,114 shares in the company, valued at approximately $17,956,014.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Blake J. Jorgensen sold 10,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $100.27, for a total transaction of $1,002,700.00. Following the sale, the chief financial officer now owns 169,614 shares in the company, valued at $17,007,195.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,516 shares of company stock worth $7,357,395. 2.55% of the stock is owned by corporate insiders.

EA has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a report on Friday, October 27th. Wedbush reissued a “buy” rating on shares of Electronic Arts in a report on Tuesday, January 2nd. Goldman Sachs Group lowered shares of Electronic Arts from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Barclays initiated coverage on shares of Electronic Arts in a report on Wednesday, October 4th. They issued an “overweight” rating and a $129.00 target price on the stock. Finally, Morgan Stanley lowered shares of Electronic Arts from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $112.00 to $126.00 in a report on Friday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $122.26.

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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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