Stephens Inc. AR boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 1,221.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,314 shares of the game software company’s stock after purchasing an additional 20,626 shares during the quarter. Stephens Inc. AR’s holdings in Electronic Arts were worth $2,268,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EA. Bronfman E.L. Rothschild L.P. boosted its holdings in Electronic Arts by 4.8% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,715 shares of the game software company’s stock valued at $214,000 after acquiring an additional 124 shares during the period. Dock Street Asset Management Inc. lifted its stake in shares of Electronic Arts by 0.7% during the 4th quarter. Dock Street Asset Management Inc. now owns 21,449 shares of the game software company’s stock worth $1,693,000 after purchasing an additional 140 shares during the last quarter. Whittier Trust Co. lifted its stake in shares of Electronic Arts by 37.0% during the 4th quarter. Whittier Trust Co. now owns 529 shares of the game software company’s stock worth $42,000 after purchasing an additional 143 shares during the last quarter. Foundry Partners LLC lifted its stake in shares of Electronic Arts by 2.6% during the 1st quarter. Foundry Partners LLC now owns 5,748 shares of the game software company’s stock worth $584,000 after purchasing an additional 143 shares during the last quarter. Finally, CMH Wealth Management LLC lifted its stake in shares of Electronic Arts by 0.8% during the 1st quarter. CMH Wealth Management LLC now owns 20,345 shares of the game software company’s stock worth $2,068,000 after purchasing an additional 155 shares during the last quarter. 92.60% of the stock is currently owned by institutional investors.

Several research analysts recently issued reports on the company. MKM Partners reaffirmed a “neutral” rating and set a $100.00 target price (up from $92.00) on shares of Electronic Arts in a research report on Friday, May 3rd. They noted that the move was a valuation call. Needham & Company LLC upped their target price on Electronic Arts to $120.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. UBS Group increased their price objective on Electronic Arts from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Barclays set a $102.00 price objective on Electronic Arts and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, Benchmark cut their price objective on Electronic Arts from $153.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, February 6th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $111.32.

In other Electronic Arts news, General Counsel Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $102.38, for a total transaction of $102,380.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lawrence F. Probst III sold 8,400 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $97.32, for a total value of $817,488.00. Following the transaction, the director now owns 118,238 shares in the company, valued at approximately $11,506,922.16. The disclosure for this sale can be found here. Insiders have sold 67,900 shares of company stock worth $6,773,928 in the last quarter. 2.24% of the stock is currently owned by company insiders.

Shares of EA opened at $94.57 on Thursday. Electronic Arts Inc. has a 52 week low of $73.91 and a 52 week high of $151.26. The company has a current ratio of 2.82, a quick ratio of 2.99 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $27.09 billion, a PE ratio of 24.06, a P/E/G ratio of 1.44 and a beta of 1.12.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, May 7th. The game software company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.43. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.20 billion. Electronic Arts had a return on equity of 22.62% and a net margin of 20.59%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.31 earnings per share. On average, research analysts predict that Electronic Arts Inc. will post 3.8 EPS for the current fiscal year.

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Electronic Arts Company 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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