Municipal Employees Retirement System of Michigan increased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 46.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,720 shares of the game software company’s stock after purchasing an additional 3,740 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Electronic Arts were worth $1,231,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. HBK Sorce Advisory LLC boosted its stake in shares of Electronic Arts by 80.9% during the 4th quarter. HBK Sorce Advisory LLC now owns 4,144 shares of the game software company’s stock valued at $435,000 after purchasing an additional 1,853 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Electronic Arts by 44.7% during the 4th quarter. Glenmede Trust Co. NA now owns 321,128 shares of the game software company’s stock valued at $33,736,000 after purchasing an additional 99,237 shares in the last quarter. Verition Fund Management LLC boosted its stake in shares of Electronic Arts by 5.4% during the 4th quarter. Verition Fund Management LLC now owns 10,427 shares of the game software company’s stock valued at $1,095,000 after purchasing an additional 533 shares in the last quarter. Quad Capital Management Advisors LLC bought a new stake in shares of Electronic Arts during the 4th quarter valued at about $735,000. Finally, Covington Capital Management boosted its stake in shares of Electronic Arts by 38.0% during the 4th quarter. Covington Capital Management now owns 11,344 shares of the game software company’s stock valued at $1,192,000 after purchasing an additional 3,125 shares in the last quarter. Institutional investors own 95.45% of the company’s stock.

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A number of brokerages recently issued reports on EA. KeyCorp lifted their price target on shares of Electronic Arts from $134.00 to $152.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Vetr cut shares of Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price target for the company. in a research report on Monday, December 18th. Buckingham Research lifted their price target on shares of Electronic Arts from $143.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Robert W. Baird lifted their target price on shares of Electronic Arts from $130.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Finally, Barclays lifted their target price on shares of Electronic Arts from $127.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. Electronic Arts has a consensus rating of “Buy” and an average target price of $132.81.

Electronic Arts Inc. (NASDAQ:EA) opened at $125.44 on Tuesday. The firm has a market cap of $39,420.68, a P/E ratio of 39.20, a price-to-earnings-growth ratio of 2.34 and a beta of 0.76. Electronic Arts Inc. has a 12-month low of $87.90 and a 12-month high of $131.13. 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 (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.03. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.02 billion. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. sell-side analysts anticipate that Electronic Arts Inc. will post 3.66 EPS for the current year.

In related news, SVP Jacob J. Schatz sold 1,000 shares of the company’s 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 transaction, the senior vice president now owns 18,950 shares in the company, valued at $2,037,125. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Blake J. Jorgensen sold 10,500 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,079 shares of company stock valued at $9,788,548. 2.55% of the stock is owned by company insiders.

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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.

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

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