Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Keybank National Association OH

Keybank National Association OH grew its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 7.8% during the third quarter, Holdings Channel.com reports. The firm owned 2,660 shares of the game software company’s stock after buying an additional 193 shares during the quarter. Keybank National Association OH’s holdings in Electronic Arts were worth $260,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of EA. Boothe Investment Group Inc. acquired a new position in shares of Electronic Arts during the second quarter valued at $3,445,000. Fulton Bank N.A. grew its holdings in Electronic Arts by 17.7% during the second quarter. Fulton Bank N.A. now owns 12,962 shares of the game software company’s stock worth $1,313,000 after acquiring an additional 1,946 shares during the period. Douglas Lane & Associates LLC acquired a new position in Electronic Arts during the second quarter worth about $1,816,000. Crossmark Global Holdings Inc. grew its holdings in Electronic Arts by 1.5% during the second quarter. Crossmark Global Holdings Inc. now owns 15,493 shares of the game software company’s stock worth $1,569,000 after acquiring an additional 235 shares during the period. Finally, Copper Rock Capital Partners LLC grew its holdings in Electronic Arts by 8.4% during the second quarter. Copper Rock Capital Partners LLC now owns 187,667 shares of the game software company’s stock worth $19,003,000 after acquiring an additional 14,477 shares during the period. 92.94% of the stock is currently owned by institutional investors.

In other Electronic Arts news, CEO Andrew Wilson sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $93.91, for a total transaction of $845,190.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Blake J. Jorgensen sold 5,200 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $96.06, for a total value of $499,512.00. Following the sale, the chief financial officer now owns 88,975 shares of the company’s stock, valued at $8,546,938.50. The disclosure for this sale can be found here. Insiders sold a total of 56,900 shares of company stock valued at $5,482,636 in the last quarter. 2.18% of the stock is currently owned by corporate insiders.

EA has been the topic of a number of research analyst reports. Berenberg Bank set a $110.00 target price on Electronic Arts and gave the stock a “buy” rating in a report on Thursday, August 22nd. Robert W. Baird lowered their target price on Electronic Arts from $114.00 to $108.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Piper Jaffray Companies lowered their target price on Electronic Arts from $112.00 to $106.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Jefferies Financial Group set a $100.00 target price on Electronic Arts and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, BidaskClub lowered Electronic Arts from a “hold” rating to a “sell” rating in a report on Saturday, October 12th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the stock. Electronic Arts currently has an average rating of “Buy” and an average price target of $108.96.

NASDAQ:EA opened at $97.54 on Friday. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.14. Electronic Arts Inc. has a 1-year low of $73.91 and a 1-year high of $108.80. The firm has a market capitalization of $28.03 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 3.18 and a beta of 0.92. The stock has a fifty day simple moving average of $96.40 and a 200 day simple moving average of $95.02.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, October 29th. The game software company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.08. Electronic Arts had a return on equity of 17.54% and a net margin of 54.01%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.24 billion. Equities analysts predict that Electronic Arts Inc. will post 3.72 earnings per share for the current year.

Electronic Arts 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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