Bokf Na trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 34.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,023 shares of the game software company’s stock after selling 9,001 shares during the period. Bokf Na’s holdings in Electronic Arts were worth $1,343,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of EA. BlackRock Inc. raised its position in shares of Electronic Arts by 0.5% during the third quarter. BlackRock Inc. now owns 22,521,875 shares of the game software company’s stock worth $2,713,662,000 after purchasing an additional 111,709 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Electronic Arts by 20.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 11,650,029 shares of the game software company’s stock worth $919,303,000 after purchasing an additional 1,952,780 shares during the period. Brown Advisory Inc. raised its position in shares of Electronic Arts by 15.4% during the fourth quarter. Brown Advisory Inc. now owns 4,230,653 shares of the game software company’s stock worth $333,840,000 after purchasing an additional 564,592 shares during the period. Bank of New York Mellon Corp raised its position in shares of Electronic Arts by 3.7% during the third quarter. Bank of New York Mellon Corp now owns 4,061,892 shares of the game software company’s stock worth $489,417,000 after purchasing an additional 145,570 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Electronic Arts by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 3,613,795 shares of the game software company’s stock worth $284,619,000 after purchasing an additional 164,030 shares during the period. Hedge funds and other institutional investors own 91.85% of the company’s stock.
In other Electronic Arts news, insider Chris Bruzzo sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $100.00, for a total value of $300,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $102.38, for a total value of $102,380.00. The disclosure for this sale can be found here. Insiders have sold a total of 59,750 shares of company stock valued at $5,685,520 in the last quarter. 2.24% of the stock is owned by corporate insiders.
EA stock opened at $98.98 on Friday. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 0.19. The firm has a market cap of $30.00 billion, a PE ratio of 28.77, a PEG ratio of 1.90 and a beta of 1.18. Electronic Arts Inc. has a fifty-two week low of $73.91 and a fifty-two week high of $151.26.
Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, February 5th. The game software company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.12. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.75 billion. Electronic Arts had a return on equity of 23.21% and a net margin of 26.77%. The firm’s quarterly revenue was down 18.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.60) EPS. On average, equities analysts forecast that Electronic Arts Inc. will post 3.14 EPS for the current year.
A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Electronic Arts from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. SunTrust Banks increased their price target on Electronic Arts to $107.00 and gave the company a “buy” rating in a research report on Friday, March 8th. Piper Jaffray Companies reissued an “overweight” rating and issued a $87.00 price target on shares of Electronic Arts in a research report on Wednesday, February 6th. BidaskClub raised Electronic Arts from a “sell” rating to a “hold” rating in a research report on Monday, January 7th. Finally, Robert W. Baird lowered their price target on Electronic Arts from $154.00 to $90.00 in a research report on Wednesday, February 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $114.04.
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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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