Franklin Resources Inc. boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 8.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,261,636 shares of the game software company’s stock after purchasing an additional 101,110 shares during the period. Franklin Resources Inc. owned 0.41% of Electronic Arts worth $132,551,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Twin Capital Management Inc. increased its holdings in Electronic Arts by 16.9% during the 3rd quarter. Twin Capital Management Inc. now owns 87,560 shares of the game software company’s stock valued at $10,337,000 after purchasing an additional 12,640 shares in the last quarter. Pinebridge Investments L.P. increased its holdings in Electronic Arts by 50.6% during the 3rd quarter. Pinebridge Investments L.P. now owns 4,302 shares of the game software company’s stock valued at $508,000 after purchasing an additional 1,446 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Electronic Arts by 368.4% during the 4th quarter. State of Alaska Department of Revenue now owns 40,509 shares of the game software company’s stock valued at $4,253,000 after purchasing an additional 31,860 shares in the last quarter. HAP Trading LLC bought a new position in Electronic Arts in the 3rd quarter valued at $1,821,000. Finally, AMP Capital Investors Ltd boosted its position in Electronic Arts by 7.8% in the 3rd quarter. AMP Capital Investors Ltd now owns 201,750 shares of the game software company’s stock valued at $23,820,000 after buying an additional 14,519 shares during the last quarter. 95.45% of the stock is owned by hedge funds and other institutional investors.
Electronic Arts Inc. (NASDAQ:EA) opened at $126.57 on Wednesday. Electronic Arts Inc. has a 12-month low of $87.90 and a 12-month high of $131.01. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market capitalization of $39,297.99, a price-to-earnings ratio of 36.61, a PEG ratio of 2.33 and a beta of 0.76.
EA has been the topic of a number of recent research reports. Oppenheimer reiterated a “buy” rating on shares of Electronic Arts in a research report on Friday, November 17th. Buckingham Research set a $143.00 price objective on Electronic Arts and gave the company a “buy” rating in a research report on Sunday, November 19th. KeyCorp reiterated a “buy” rating and issued a $134.00 price objective on shares of Electronic Arts in a research report on Sunday, November 19th. Vetr lowered Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price objective on the stock. in a research report on Wednesday, November 29th. Finally, Goldman Sachs Group lowered Electronic Arts from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Seven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $132.81.
In other Electronic Arts news, CEO Andrew Wilson sold 9,000 shares of Electronic Arts stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $108.69, for a total transaction of $978,210.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Chris Bruzzo sold 1,500 shares of Electronic Arts stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $128.31, for a total value of $192,465.00. Following the transaction, the executive vice president now owns 36,762 shares in the company, valued at $4,716,932.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,279 shares of company stock worth $9,809,588. Corporate insiders own 2.55% of the company’s stock.
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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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