Electronic Arts (EA) Holdings Trimmed by IBM Retirement Fund

IBM Retirement Fund trimmed its position in Electronic Arts (NASDAQ:EA) by 11.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,615 shares of the game software company’s stock after selling 867 shares during the quarter. IBM Retirement Fund’s holdings in Electronic Arts were worth $802,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EA. Mackay Shields LLC acquired a new position in shares of Electronic Arts in the 1st quarter worth approximately $6,284,000. Global X Management Co. LLC lifted its holdings in shares of Electronic Arts by 26.4% in the 4th quarter. Global X Management Co. LLC now owns 3,770 shares of the game software company’s stock worth $396,000 after acquiring an additional 788 shares during the last quarter. Egerton Capital UK LLP acquired a new position in shares of Electronic Arts in the 4th quarter worth approximately $184,412,000. Wunderlich Capital Managemnt acquired a new position in shares of Electronic Arts in the 4th quarter worth approximately $894,000. Finally, Crossmark Global Holdings Inc. increased its stake in Electronic Arts by 3.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 20,397 shares of the game software company’s stock worth $2,143,000 after buying an additional 693 shares during the period. Institutional investors own 93.59% of the company’s stock.

Shares of NASDAQ:EA opened at $131.85 on Monday. Electronic Arts has a 52 week low of $99.63 and a 52 week high of $134.61. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $40.46 billion, a price-to-earnings ratio of 38.33, a PEG ratio of 2.06 and a beta of 0.82.

Several equities research analysts recently weighed in on EA shares. BidaskClub raised shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Saturday, May 12th. Vetr raised shares of Electronic Arts from a “sell” rating to a “hold” rating and set a $124.90 target price on the stock in a research note on Thursday, March 1st. ValuEngine downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. William Blair reaffirmed an “outperform” rating on shares of Electronic Arts in a research note on Friday, April 13th. Finally, Wedbush set a $138.00 target price on shares of Electronic Arts and gave the stock a “buy” rating in a research note on Thursday, May 3rd. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $139.92.

In related news, CTO Kenneth A. Moss sold 10,000 shares of the stock in a transaction on Monday, May 21st. The shares were sold at an average price of $132.59, for a total value of $1,325,900.00. Following the transaction, the chief technology officer now directly owns 125,400 shares of the company’s stock, valued at approximately $16,626,786. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $125.77, for a total transaction of $125,770.00. Following the completion of the transaction, the senior vice president now directly owns 15,692 shares in the company, valued at $1,973,582.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 179,342 shares of company stock worth $22,858,994. Insiders own 2.55% of the company’s stock.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, personal computers, mobile phones, and tablets worldwide. It develops and publishes games primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v. Zombies brands; and license games from others, such as FIFA, Madden NFL, and Star Wars, as well as publishes and distributes games developed by third parties.

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

Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply