Rhumbline Advisers Grows Position in Electronic Arts Inc. (EA)

Rhumbline Advisers lifted its position in Electronic Arts Inc. (NASDAQ:EA) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 512,992 shares of the game software company’s stock after acquiring an additional 11,516 shares during the period. Rhumbline Advisers’ holdings in Electronic Arts were worth $53,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EA. Raymond James Financial Services Advisors Inc. boosted its holdings in Electronic Arts by 16.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 12,337 shares of the game software company’s stock valued at $1,296,000 after purchasing an additional 1,708 shares during the last quarter. Arizona State Retirement System boosted its holdings in Electronic Arts by 13.3% in the fourth quarter. Arizona State Retirement System now owns 109,151 shares of the game software company’s stock valued at $11,467,000 after purchasing an additional 12,818 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in Electronic Arts by 13.7% in the fourth quarter. Eagle Asset Management Inc. now owns 669,719 shares of the game software company’s stock valued at $72,050,000 after purchasing an additional 80,737 shares during the last quarter. Chartwell Investment Partners LLC purchased a new stake in Electronic Arts in the fourth quarter valued at $2,129,000. Finally, Advisory Services Network LLC boosted its holdings in Electronic Arts by 33.1% in the fourth quarter. Advisory Services Network LLC now owns 5,595 shares of the game software company’s stock valued at $588,000 after purchasing an additional 1,392 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on EA shares. BidaskClub lowered shares of Electronic Arts from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Wedbush set a $136.00 target price on shares of Electronic Arts and gave the stock a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Piper Jaffray Companies reissued a “buy” rating and set a $130.00 target price on shares of Electronic Arts in a research note on Wednesday, November 1st. Finally, Robert W. Baird reissued a “buy” rating and set a $130.00 target price on shares of Electronic Arts in a research note on Wednesday, November 1st. Seven research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $130.34.

Electronic Arts Inc. (EA) opened at $126.02 on Friday. Electronic Arts Inc. has a 1 year low of $85.23 and a 1 year high of $131.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market cap of $38,653.86, a PE ratio of 36.01, a P/E/G ratio of 2.29 and a beta of 0.73.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.03. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.02 billion. analysts forecast that Electronic Arts Inc. will post 3.66 earnings per share 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, January 9th. The shares were sold at an average price of $112.85, for a total value of $1,184,925.00. Following the completion of the sale, the chief financial officer now owns 159,114 shares in the company, valued at approximately $17,956,014.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Chris Bruzzo sold 1,500 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $128.31, for a total transaction of $192,465.00. Following the completion of the sale, the executive vice president now owns 36,762 shares of the company’s stock, valued at approximately $4,716,932.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,158 shares of company stock valued at $7,546,309. 2.55% of the stock is owned by insiders.

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

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