Mediolanum International Funds Ltd Sells 61,850 Shares of Electronic Arts Inc. $EA

Mediolanum International Funds Ltd trimmed its holdings in Electronic Arts Inc. (NASDAQ:EA) by 66.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,102 shares of the game software company’s stock after selling 61,850 shares during the period. Mediolanum International Funds Ltd’s holdings in Electronic Arts were worth $6,284,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Salomon & Ludwin LLC increased its position in shares of Electronic Arts by 70.1% during the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after acquiring an additional 68 shares in the last quarter. MTM Investment Management LLC acquired a new stake in Electronic Arts in the 2nd quarter valued at approximately $30,000. Oakworth Capital Inc. acquired a new position in Electronic Arts during the 3rd quarter worth approximately $30,000. Frazier Financial Advisors LLC raised its holdings in shares of Electronic Arts by 328.9% in the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after purchasing an additional 148 shares during the last quarter. Finally, NewSquare Capital LLC lifted its position in shares of Electronic Arts by 67.5% in the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock worth $31,000 after purchasing an additional 79 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Electronic Arts Price Performance

NASDAQ:EA opened at $203.60 on Tuesday. Electronic Arts Inc. has a 12-month low of $120.22 and a 12-month high of $204.88. The firm has a market capitalization of $50.92 billion, a price-to-earnings ratio of 59.53, a P/E/G ratio of 2.46 and a beta of 0.74. The stock’s 50 day moving average price is $203.88 and its two-hundred day moving average price is $189.85. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25.

Wall Street Analysts Forecast Growth

EA has been the subject of a number of analyst reports. Benchmark reaffirmed a “buy” rating on shares of Electronic Arts in a research report on Wednesday, October 29th. Morgan Stanley increased their price objective on shares of Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Citigroup lifted their target price on Electronic Arts from $206.00 to $207.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Argus set a $210.00 price target on Electronic Arts in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Electronic Arts in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $187.19.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $204.11, for a total value of $1,020,550.00. Following the transaction, the chief executive officer directly owned 43,858 shares in the company, valued at $8,951,856.38. The trade was a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $201.65, for a total transaction of $302,475.00. Following the sale, the chief financial officer owned 5,595 shares of the company’s stock, valued at approximately $1,128,231.75. This represents a 21.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 123,769 shares of company stock valued at $24,943,734. 0.24% of the stock is owned by company insiders.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.