US Bancorp DE raised its holdings in Electronic Arts Inc. (NASDAQ:EA) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,721 shares of the game software company’s stock after purchasing an additional 595 shares during the period. US Bancorp DE’s holdings in Electronic Arts were worth $9,636,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cerebellum GP LLC acquired a new position in Electronic Arts during the fourth quarter worth approximately $129,000. First Bank & Trust acquired a new position in Electronic Arts during the fourth quarter worth approximately $134,000. Bessemer Group Inc. increased its position in Electronic Arts by 144.5% during the third quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock worth $157,000 after purchasing an additional 783 shares during the last quarter. Exane Derivatives acquired a new position in Electronic Arts during the fourth quarter worth approximately $142,000. Finally, Tower Research Capital LLC TRC increased its position in Electronic Arts by 310.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock worth $149,000 after purchasing an additional 1,063 shares during the last quarter. 92.63% of the stock is currently owned by institutional investors.

Electronic Arts Inc. (EA) opened at $123.05 on Thursday. Electronic Arts Inc. has a 52 week low of $81.27 and a 52 week high of $131.01. The company has a current ratio of 1.92, a quick ratio of 2.38 and a debt-to-equity ratio of 0.24. The company has a market cap of $37,767.42, a price-to-earnings ratio of 35.18, a price-to-earnings-growth ratio of 2.24 and a beta of 0.73.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, January 30th. The game software company reported $2.06 EPS for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.03. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.02 billion. equities research analysts predict that Electronic Arts Inc. will post 3.66 earnings per share for the current fiscal year.

In other news, EVP Chris Bruzzo sold 1,500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $128.31, for a total value of $192,465.00. Following the transaction, the executive vice president now directly owns 36,762 shares in the company, valued at approximately $4,716,932.22. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $108.28, for a total transaction of $108,280.00. Following the completion of the transaction, the senior vice president now owns 19,950 shares in the company, valued at $2,160,186. The disclosure for this sale can be found here. Insiders have sold a total of 56,658 shares of company stock worth $6,297,859 over the last quarter. 2.55% of the stock is currently owned by insiders.

EA has been the subject of several research analyst reports. Goldman Sachs Group lowered shares of Electronic Arts from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. BMO Capital Markets dropped their price target on shares of Electronic Arts from $100.00 to $97.00 and set a “market perform” rating for the company in a research report on Thursday, November 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $128.00 price target on shares of Electronic Arts in a research report on Thursday, October 12th. KeyCorp reaffirmed a “buy” rating and set a $134.00 price target on shares of Electronic Arts in a research report on Sunday, November 19th. Finally, Buckingham Research set a $143.00 price target on shares of Electronic Arts and gave the stock a “buy” rating in a research report on Sunday, November 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $130.34.

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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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