Sensato Investors LLC lowered its position in Electronic Arts Inc. (NASDAQ:EA) by 79.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 34,437 shares of the game software company’s stock after selling 129,363 shares during the quarter. Sensato Investors LLC’s holdings in Electronic Arts were worth $3,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Dupont Capital Management Corp purchased a new position in Electronic Arts during the third quarter valued at $183,000. Bessemer Group Inc. lifted its holdings in Electronic Arts by 144.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock worth $157,000 after buying an additional 783 shares during the period. FDx Advisors Inc. lifted its holdings in Electronic Arts by 27.3% in the 3rd quarter. FDx Advisors Inc. now owns 5,014 shares of the game software company’s stock worth $592,000 after buying an additional 1,075 shares during the period. Zweig DiMenna Associates LLC purchased a new stake in Electronic Arts in the 3rd quarter worth approximately $272,000. Finally, CIBC Asset Management Inc lifted its holdings in Electronic Arts by 2.5% in the 3rd quarter. CIBC Asset Management Inc now owns 47,020 shares of the game software company’s stock worth $5,551,000 after buying an additional 1,156 shares during the period. 95.45% of the stock is owned by institutional investors.
Shares of Electronic Arts Inc. (NASDAQ EA) opened at $126.57 on Wednesday. The company has a market capitalization of $39,297.99, a price-to-earnings ratio of 36.61, a price-to-earnings-growth ratio of 2.33 and a beta of 0.76. Electronic Arts Inc. has a fifty-two week low of $87.90 and a fifty-two week high of $131.01. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.24.
In related news, CEO Andrew Wilson sold 9,000 shares of Electronic Arts stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $122.94, for a total value of $1,106,460.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Blake J. Jorgensen sold 10,500 shares of Electronic Arts stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $125.97, for a total value of $1,322,685.00. Following the completion of the sale, the chief financial officer now directly owns 141,514 shares of the company’s stock, valued at approximately $17,826,518.58. The disclosure for this sale can be found here. In the last three months, insiders sold 81,279 shares of company stock valued at $9,809,588. Corporate insiders own 2.55% of the company’s stock.
EA has been the subject of a number of research analyst reports. Vetr upgraded Electronic Arts from a “sell” rating to a “buy” rating and set a $142.00 target price for the company in a research note on Monday. ValuEngine cut Electronic Arts from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. BMO Capital Markets raised their target price on Electronic Arts to $150.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Electronic Arts from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus raised their target price on Electronic Arts from $129.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Seven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $132.81.
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Electronic Arts 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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