Varma Mutual Pension Insurance Co Decreases Stake in Electronic Arts Inc. (EA)

Varma Mutual Pension Insurance Co cut its holdings in Electronic Arts Inc. (NASDAQ:EA) by 42.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 135,000 shares of the game software company’s stock after selling 100,000 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Electronic Arts were worth $16,211,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kaizen Advisory LLC boosted its stake in Electronic Arts by 159.5% during the 2nd quarter. Kaizen Advisory LLC now owns 763 shares of the game software company’s stock valued at $108,000 after purchasing an additional 469 shares during the period. Alpha Windward LLC acquired a new position in Electronic Arts during the 2nd quarter valued at about $113,000. Sun Life Financial INC boosted its stake in Electronic Arts by 389.4% during the 2nd quarter. Sun Life Financial INC now owns 832 shares of the game software company’s stock valued at $117,000 after purchasing an additional 662 shares during the period. Private Capital Group LLC boosted its stake in Electronic Arts by 781.5% during the 1st quarter. Private Capital Group LLC now owns 952 shares of the game software company’s stock valued at $115,000 after purchasing an additional 844 shares during the period. Finally, Mirador Capital Partners LP acquired a new position in Electronic Arts during the 2nd quarter valued at about $206,000. 92.93% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on the stock. BidaskClub downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating in a research report on Saturday, October 6th. Berenberg Bank assumed coverage on shares of Electronic Arts in a research report on Friday, October 5th. They set a “buy” rating and a $145.00 price target on the stock. Buckingham Research assumed coverage on shares of Electronic Arts in a research report on Thursday, October 4th. They set a “buy” rating and a $143.00 price target on the stock. Zacks Investment Research downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. Finally, Stifel Nicolaus dropped their price target on shares of Electronic Arts from $159.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, September 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Electronic Arts presently has a consensus rating of “Buy” and an average target price of $142.38.

Shares of NASDAQ EA traded down $0.29 during midday trading on Monday, reaching $105.81. The company’s stock had a trading volume of 209,714 shares, compared to its average volume of 3,744,535. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.84 and a quick ratio of 3.84. Electronic Arts Inc. has a one year low of $99.63 and a one year high of $151.26. The company has a market capitalization of $36.73 billion, a P/E ratio of 30.94, a PEG ratio of 2.07 and a beta of 0.58.

Electronic Arts (NASDAQ:EA) last released its earnings results on Thursday, July 26th. The game software company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.19. The business had revenue of $749.00 million for the quarter, compared to the consensus estimate of $742.86 million. Electronic Arts had a net margin of 14.30% and a return on equity of 25.31%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.06 EPS. On average, analysts anticipate that Electronic Arts Inc. will post 3.89 earnings per share for the current year.

In other news, insider Chris Bruzzo sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $128.47, for a total value of $192,705.00. Following the transaction, the insider now directly owns 57,964 shares of the company’s stock, valued at $7,446,635.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Friday, July 20th. The stock was sold at an average price of $148.19, for a total transaction of $148,190.00. Following the completion of the transaction, the general counsel now directly owns 19,930 shares in the company, valued at $2,953,426.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,750 shares of company stock worth $15,429,740. 2.24% of the stock is currently owned by insiders.

Electronic Arts Company Profile

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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