Electronic Arts Inc. (EA) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its stake in Electronic Arts Inc. (NASDAQ:EA) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,008 shares of the game software company’s stock after purchasing an additional 1,434 shares during the quarter. State of Alaska Department of Revenue’s holdings in Electronic Arts were worth $6,024,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Egerton Capital UK LLP lifted its holdings in Electronic Arts by 79.8% in the 2nd quarter. Egerton Capital UK LLP now owns 4,041,717 shares of the game software company’s stock valued at $569,963,000 after acquiring an additional 1,794,024 shares during the last quarter. NN Investment Partners Holdings N.V. lifted its holdings in Electronic Arts by 1,315.5% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 1,187,935 shares of the game software company’s stock valued at $167,521,000 after acquiring an additional 1,104,012 shares during the last quarter. Brown Advisory Inc. lifted its holdings in Electronic Arts by 46.7% in the 1st quarter. Brown Advisory Inc. now owns 3,076,162 shares of the game software company’s stock valued at $373,023,000 after acquiring an additional 979,229 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Electronic Arts by 3,732.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 951,463 shares of the game software company’s stock valued at $4,094,000 after acquiring an additional 926,639 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Electronic Arts by 237.1% in the 1st quarter. Millennium Management LLC now owns 1,158,425 shares of the game software company’s stock valued at $140,447,000 after acquiring an additional 814,796 shares during the last quarter. 92.93% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the stock. BidaskClub downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating in a report on Saturday, October 6th. Needham & Company LLC upped their price target on shares of Electronic Arts from $135.00 to $170.00 and gave the company a “buy” rating in a report on Friday, June 22nd. Stifel Nicolaus upped their price target on shares of Electronic Arts from $144.00 to $157.00 and gave the company a “buy” rating in a report on Friday, June 15th. Credit Suisse Group upped their price target on shares of Electronic Arts from $143.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, July 25th. Finally, Benchmark reissued a “buy” rating and issued a $164.00 price target on shares of Electronic Arts in a report on Monday, June 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $142.38.

In other news, Director Lawrence F. Probst III sold 2,500 shares of the company’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $111.34, for a total value of $278,350.00. Following the transaction, the director now owns 112,338 shares in the company, valued at approximately $12,507,712.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Wilson sold 29,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $113.13, for a total value of $3,280,770.00. Following the completion of the transaction, the chief executive officer now owns 20,000 shares in the company, valued at approximately $2,262,600. The disclosure for this sale can be found here. Insiders sold a total of 128,750 shares of company stock worth $15,429,740 in the last quarter. 2.24% of the stock is owned by corporate insiders.

EA stock opened at $106.10 on Friday. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.19. Electronic Arts Inc. has a one year low of $99.63 and a one year high of $151.26. The stock has a market cap of $36.73 billion, a price-to-earnings ratio of 30.84, a PEG ratio of 2.07 and a beta of 0.58.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Thursday, July 26th. The game software company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.19. The company had revenue of $749.00 million for the quarter, compared to the consensus estimate of $742.86 million. Electronic Arts had a return on equity of 25.31% and a net margin of 14.30%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.06 EPS. Sell-side analysts predict that Electronic Arts Inc. will post 3.89 EPS for the current year.

About Electronic Arts

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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