Electronic Arts Inc. (NASDAQ:EA) Stake Lessened by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lowered its holdings in Electronic Arts Inc. (NASDAQ:EA) by 35.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,181 shares of the game software company’s stock after selling 9,401 shares during the period. Landscape Capital Management L.L.C.’s holdings in Electronic Arts were worth $1,740,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wetherby Asset Management Inc. raised its holdings in shares of Electronic Arts by 2.4% during the first quarter. Wetherby Asset Management Inc. now owns 4,521 shares of the game software company’s stock worth $459,000 after acquiring an additional 107 shares in the last quarter. Resources Investment Advisors Inc. raised its holdings in shares of Electronic Arts by 9.8% during the first quarter. Resources Investment Advisors Inc. now owns 1,293 shares of the game software company’s stock worth $131,000 after acquiring an additional 115 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Electronic Arts by 5.4% during the first quarter. Signaturefd LLC now owns 2,578 shares of the game software company’s stock worth $262,000 after acquiring an additional 132 shares in the last quarter. Berman Capital Advisors LLC raised its holdings in shares of Electronic Arts by 70.6% during the first quarter. Berman Capital Advisors LLC now owns 343 shares of the game software company’s stock worth $34,000 after acquiring an additional 142 shares in the last quarter. Finally, Foundry Partners LLC raised its holdings in shares of Electronic Arts by 2.6% during the first quarter. Foundry Partners LLC now owns 5,748 shares of the game software company’s stock worth $584,000 after acquiring an additional 143 shares in the last quarter. Institutional investors own 94.13% of the company’s stock.

EA traded up $1.88 during midday trading on Friday, reaching $89.76. 138,142 shares of the company’s stock were exchanged, compared to its average volume of 3,963,618. The firm has a market capitalization of $27.21 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 2.09 and a beta of 1.01. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.15. Electronic Arts Inc. has a one year low of $73.91 and a one year high of $130.93. The business has a 50-day simple moving average of $92.47 and a two-hundred day simple moving average of $95.40.



In other news, insider Vijayanthimala Singh sold 500 shares of Electronic Arts stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $92.92, for a total value of $46,460.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Matthew Bilbey sold 600 shares of Electronic Arts stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $102.65, for a total transaction of $61,590.00. Following the completion of the transaction, the executive vice president now owns 10,773 shares of the company’s stock, valued at approximately $1,105,848.45. The disclosure for this sale can be found here. Insiders sold 93,268 shares of company stock valued at $9,056,060 in the last quarter. 2.18% of the stock is currently owned by corporate insiders.

Several analysts recently issued reports on EA shares. KeyCorp started coverage on Electronic Arts in a report on Monday, July 29th. They set a “sector weight” rating for the company. TheStreet upgraded Electronic Arts from a “c+” rating to a “b” rating in a report on Tuesday, July 30th. Atlantic Securities upgraded Electronic Arts from a “neutral” rating to an “overweight” rating in a report on Wednesday, August 7th. BidaskClub lowered Electronic Arts from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Finally, William Blair reiterated an “outperform” rating on shares of Electronic Arts in a report on Tuesday, May 7th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $113.10.

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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