Voya Investment Management LLC Trims Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Voya Investment Management LLC lessened its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 116,163 shares of the game software company’s stock after selling 1,766 shares during the period. Voya Investment Management LLC’s holdings in Electronic Arts were worth $11,363,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board increased its position in Electronic Arts by 23.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 366,573 shares of the game software company’s stock valued at $37,119,000 after purchasing an additional 69,257 shares during the period. Greenwood Capital Associates LLC increased its holdings in Electronic Arts by 99.2% during the second quarter. Greenwood Capital Associates LLC now owns 67,982 shares of the game software company’s stock valued at $6,884,000 after buying an additional 33,860 shares during the period. CWM LLC raised its stake in Electronic Arts by 64.6% in the second quarter. CWM LLC now owns 63,643 shares of the game software company’s stock worth $6,444,000 after buying an additional 24,975 shares in the last quarter. Capital Management Associates NY bought a new position in Electronic Arts in the third quarter worth approximately $264,000. Finally, Dynamo Internacional Gestao DE Recursos LTDA. lifted its holdings in Electronic Arts by 42.9% during the second quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 744,731 shares of the game software company’s stock worth $94,881,000 after buying an additional 223,500 shares during the period. Hedge funds and other institutional investors own 90.85% of the company’s stock.

In related news, CMO Chris Bruzzo sold 6,000 shares of Electronic Arts stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $100.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief marketing officer now owns 36,771 shares of the company’s stock, valued at $3,677,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $95.91, for a total value of $863,190.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,600 shares of company stock worth $4,711,081. 2.18% of the stock is owned by insiders.

Shares of Electronic Arts stock opened at $101.27 on Wednesday. The firm’s 50 day simple moving average is $97.98 and its two-hundred day simple moving average is $96.03. The firm has a market capitalization of $29.57 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 3.35 and a beta of 0.91. Electronic Arts Inc. has a 12-month low of $73.91 and a 12-month high of $108.80. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.14.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, October 29th. The game software company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.08. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.24 billion. Electronic Arts had a net margin of 54.01% and a return on equity of 17.54%. On average, sell-side analysts predict that Electronic Arts Inc. will post 3.72 EPS for the current fiscal year.

Several analysts have issued reports on the company. Stephens reaffirmed a “buy” rating on shares of Electronic Arts in a research report on Wednesday, August 21st. Atlantic Securities upgraded Electronic Arts from a “neutral” rating to an “overweight” rating in a research note on Wednesday, August 7th. Wedbush reiterated an “outperform” rating on shares of Electronic Arts in a report on Wednesday, October 30th. BidaskClub raised shares of Electronic Arts from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Barclays restated an “equal weight” rating on shares of Electronic Arts in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nineteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $109.42.

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

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