Electronic Arts Inc. (EA) Shares Sold by Ardevora Asset Management LLP

Ardevora Asset Management LLP trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 16.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 317,367 shares of the game software company’s stock after selling 61,500 shares during the quarter. Electronic Arts accounts for about 1.1% of Ardevora Asset Management LLP’s portfolio, making the stock its 26th largest position. Ardevora Asset Management LLP owned approximately 0.10% of Electronic Arts worth $37,468,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. ProVise Management Group LLC grew its stake in Electronic Arts by 0.8% during the 2nd quarter. ProVise Management Group LLC now owns 4,324 shares of the game software company’s stock worth $458,000 after buying an additional 36 shares during the last quarter. Veritable L.P. grew its stake in Electronic Arts by 1.5% during the 2nd quarter. Veritable L.P. now owns 7,443 shares of the game software company’s stock worth $787,000 after buying an additional 113 shares during the last quarter. Great Lakes Advisors LLC grew its stake in Electronic Arts by 3.3% during the 2nd quarter. Great Lakes Advisors LLC now owns 3,554 shares of the game software company’s stock worth $376,000 after buying an additional 115 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Electronic Arts by 0.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,033 shares of the game software company’s stock worth $2,435,000 after buying an additional 166 shares during the last quarter. Finally, Advisor Partners LLC lifted its position in Electronic Arts by 3.5% during the 2nd quarter. Advisor Partners LLC now owns 5,228 shares of the game software company’s stock worth $553,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 94.56% of the company’s stock.

In other news, Director Lawrence F. Probst III sold 68,072 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $118.83, for a total value of $8,088,995.76. Following the completion of the sale, the director now directly owns 176,348 shares in the company, valued at $20,955,432.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Blake J. Jorgensen sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $111.94, for a total value of $1,119,400.00. Following the completion of the sale, the chief financial officer now owns 182,814 shares of the company’s stock, valued at $20,464,199.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 190,596 shares of company stock valued at $22,627,981. 2.55% of the stock is owned by company insiders.

Electronic Arts Inc. (NASDAQ:EA) traded down $0.74 during trading hours on Tuesday, reaching $112.01. The company’s stock had a trading volume of 3,168,200 shares, compared to its average volume of 2,851,910. Electronic Arts Inc. has a 52 week low of $73.74 and a 52 week high of $122.79. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23. The stock has a market cap of $34,718.59, a price-to-earnings ratio of 28.99, a P/E/G ratio of 1.85 and a beta of 0.65.

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A number of analysts have commented on EA shares. BMO Capital Markets lowered their price target on Electronic Arts from $100.00 to $97.00 and set a “market perform” rating for the company in a research report on Thursday, November 2nd. Needham & Company LLC started coverage on Electronic Arts in a research report on Monday, July 17th. They set a “buy” rating and a $130.00 price target for the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $135.00 price target (up previously from $123.00) on shares of Electronic Arts in a research report on Friday, July 28th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $128.00 price target on shares of Electronic Arts in a research report on Thursday, October 12th. Finally, Bank of America Corporation raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $131.00 price target for the company in a research report on Wednesday, July 26th. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $123.38.

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

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