Electronic Arts Inc. (EA) Shares Sold by Federated Investors Inc. PA

Federated Investors Inc. PA cut its stake in Electronic Arts Inc. (NASDAQ:EA) by 79.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,115 shares of the game software company’s stock after selling 23,465 shares during the period. Federated Investors Inc. PA’s holdings in Electronic Arts were worth $646,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EA. BlackRock Inc. increased its holdings in Electronic Arts by 3,420.8% in the first quarter. BlackRock Inc. now owns 20,764,484 shares of the game software company’s stock valued at $1,858,837,000 after buying an additional 20,174,721 shares in the last quarter. Winslow Capital Management LLC increased its holdings in Electronic Arts by 1,869,551.3% in the first quarter. Winslow Capital Management LLC now owns 2,879,263 shares of the game software company’s stock valued at $257,751,000 after buying an additional 2,879,109 shares in the last quarter. Vanguard Group Inc. increased its holdings in Electronic Arts by 8.8% in the first quarter. Vanguard Group Inc. now owns 29,631,771 shares of the game software company’s stock valued at $2,652,637,000 after buying an additional 2,394,314 shares in the last quarter. AQR Capital Management LLC increased its holdings in Electronic Arts by 174.5% in the first quarter. AQR Capital Management LLC now owns 2,180,565 shares of the game software company’s stock valued at $195,204,000 after buying an additional 1,386,296 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Electronic Arts by 15.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,077,235 shares of the game software company’s stock valued at $723,074,000 after buying an additional 1,064,602 shares in the last quarter. 93.84% of the stock is owned by institutional investors.

In other Electronic Arts news, Director Lawrence F. Probst III sold 55,850 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $121.18, for a total value of $6,767,903.00. Following the completion of the sale, the director now directly owns 171,123 shares of the company’s stock, valued at $20,736,685.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 9,059 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $105.91, for a total transaction of $959,438.69. The disclosure for this sale can be found here. Insiders have sold 195,097 shares of company stock worth $23,019,378 over the last ninety days. 2.55% of the stock is currently owned by insiders.

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A number of research analysts have issued reports on the stock. BidaskClub raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. KeyCorp reiterated a “buy” rating on shares of Electronic Arts in a research report on Sunday, July 30th. Cowen and Company reiterated a “market perform” rating and issued a $106.00 price target (up from $90.00) on shares of Electronic Arts in a research report on Sunday, July 30th. Morgan Stanley increased their price target on shares of Electronic Arts from $114.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, June 7th. Finally, Benchmark Co. increased their price target on shares of Electronic Arts from $114.00 to $131.00 and gave the company a “buy” rating in a research report on Tuesday, June 20th. Four analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $117.01.

Electronic Arts Inc. (NASDAQ:EA) opened at 120.21 on Wednesday. The firm has a market cap of $37.11 billion, a price-to-earnings ratio of 32.18 and a beta of 0.68. The firm has a 50 day moving average of $118.23 and a 200-day moving average of $106.08. Electronic Arts Inc. has a one year low of $73.74 and a one year high of $122.79.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Thursday, July 27th. The game software company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.22. Electronic Arts had a net margin of 23.31% and a return on equity of 29.77%. The firm had revenue of $775.00 million for the quarter, compared to the consensus estimate of $768.47 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The firm’s revenue was up 13.6% on a year-over-year basis. Equities research analysts forecast that Electronic Arts Inc. will post $4.24 EPS for the current fiscal year.

About Electronic Arts

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.

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

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