Acadian Asset Management LLC trimmed its position in Electronic Arts Inc. (NASDAQ:EA) by 86.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,320 shares of the game software company’s stock after selling 21,701 shares during the period. Acadian Asset Management LLC’s holdings in Electronic Arts were worth $400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Perpetual Ltd boosted its holdings in Electronic Arts by 140.0% in the third quarter. Perpetual Ltd now owns 3,600 shares of the game software company’s stock valued at $434,000 after purchasing an additional 2,100 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in Electronic Arts by 12.6% in the third quarter. Nissay Asset Management Corp Japan ADV now owns 42,966 shares of the game software company’s stock valued at $5,177,000 after purchasing an additional 4,818 shares during the last quarter. TCW Group Inc. boosted its holdings in Electronic Arts by 47.3% in the third quarter. TCW Group Inc. now owns 213,455 shares of the game software company’s stock valued at $25,719,000 after purchasing an additional 68,542 shares during the last quarter. Ardevora Asset Management LLP boosted its holdings in Electronic Arts by 22.4% in the third quarter. Ardevora Asset Management LLP now owns 239,602 shares of the game software company’s stock valued at $28,870,000 after purchasing an additional 43,788 shares during the last quarter. Finally, Aviance Capital Management LLC purchased a new stake in Electronic Arts in the third quarter valued at $292,000. 96.40% of the stock is currently owned by hedge funds and other institutional investors.

EA has been the topic of several recent analyst reports. Zacks Investment Research reissued a “hold” rating on shares of Electronic Arts in a research note on Tuesday, November 13th. BMO Capital Markets lowered their target price on shares of Electronic Arts from $140.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, November 2nd. Argus lowered their target price on shares of Electronic Arts from $155.00 to $134.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. ValuEngine lowered shares of Electronic Arts from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Finally, Morgan Stanley lowered their target price on shares of Electronic Arts from $122.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 31st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $134.68.

Shares of Electronic Arts stock opened at $83.04 on Tuesday. The stock has a market capitalization of $25.97 billion, a P/E ratio of 24.14, a P/E/G ratio of 1.48 and a beta of 0.96. Electronic Arts Inc. has a twelve month low of $82.72 and a twelve month high of $151.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.52 and a current ratio of 3.52.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, October 30th. The game software company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.46. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Electronic Arts had a net margin of 18.76% and a return on equity of 26.01%. Electronic Arts’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company posted $0.62 EPS. Sell-side analysts forecast that Electronic Arts Inc. will post 3.87 EPS for the current year.

In other Electronic Arts news, CFO Blake J. Jorgensen sold 10,500 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $113.77, for a total value of $1,194,585.00. Following the completion of the sale, the chief financial officer now owns 125,391 shares in the company, valued at approximately $14,265,734.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Chris Bruzzo sold 1,500 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $113.10, for a total transaction of $169,650.00. Following the completion of the sale, the insider now owns 56,776 shares of the company’s stock, valued at approximately $6,421,365.60. The disclosure for this sale can be found here. Insiders sold a total of 108,750 shares of company stock worth $12,072,643 over the last ninety days. 2.24% of the stock is currently owned by corporate insiders.

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Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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

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