Wolverine Asset Management LLC lessened its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 44.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,027 shares of the game software company’s stock after selling 4,727 shares during the quarter. Wolverine Asset Management LLC’s holdings in Electronic Arts were worth $633,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Dupont Capital Management Corp acquired a new stake in Electronic Arts in the 3rd quarter valued at approximately $183,000. Bessemer Group Inc. increased its holdings in Electronic Arts by 144.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after purchasing an additional 783 shares during the last quarter. FDx Advisors Inc. increased its holdings in Electronic Arts by 27.3% in the 3rd quarter. FDx Advisors Inc. now owns 5,014 shares of the game software company’s stock valued at $592,000 after purchasing an additional 1,075 shares during the last quarter. Zweig DiMenna Associates LLC acquired a new stake in Electronic Arts in the 3rd quarter valued at approximately $272,000. Finally, CIBC Asset Management Inc increased its holdings in Electronic Arts by 2.5% in the 3rd quarter. CIBC Asset Management Inc now owns 47,020 shares of the game software company’s stock valued at $5,551,000 after purchasing an additional 1,156 shares during the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

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Several analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Electronic Arts from $120.00 to $126.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Vetr downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating and set a $124.90 target price for the company. in a report on Thursday, March 8th. Jefferies Group reiterated a “buy” rating and issued a $150.00 target price on shares of Electronic Arts in a report on Wednesday, January 31st. Piper Jaffray Companies reiterated a “buy” rating and issued a $145.00 target price on shares of Electronic Arts in a report on Wednesday, January 31st. Finally, Wedbush reiterated a “buy” rating and issued a $138.00 target price on shares of Electronic Arts in a report on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Electronic Arts currently has a consensus rating of “Buy” and a consensus target price of $132.81.

In other news, SVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $107.50, for a total transaction of $107,500.00. Following the completion of the sale, the senior vice president now directly owns 18,950 shares of the company’s stock, valued at approximately $2,037,125. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Blake J. Jorgensen sold 10,500 shares of Electronic Arts stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $125.97, for a total transaction of $1,322,685.00. Following the sale, the chief financial officer now directly owns 141,514 shares of the company’s stock, valued at $17,826,518.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,279 shares of company stock valued at $9,809,588. Insiders own 2.55% of the company’s stock.

Electronic Arts Inc. (NASDAQ:EA) opened at $126.57 on Wednesday. The company has a market cap of $39,297.99, a price-to-earnings ratio of 36.61, a price-to-earnings-growth ratio of 2.33 and a beta of 0.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.92 and a quick ratio of 1.92. Electronic Arts Inc. has a 12 month low of $87.90 and a 12 month high of $131.01.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, January 30th. The game software company reported $2.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.03. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.02 billion. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. sell-side analysts forecast that Electronic Arts Inc. will post 3.66 EPS for the current year.

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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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