Lathrop Investment Management Corp maintained its stake in shares of Electronic Arts Inc. (NASDAQ:EA) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 208,244 shares of the game software company’s stock at the end of the third quarter. Electronic Arts comprises 4.9% of Lathrop Investment Management Corp’s holdings, making the stock its 2nd largest position. Lathrop Investment Management Corp owned approximately 0.07% of Electronic Arts worth $15,777,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in EA. Arizona State Retirement System increased its stake in shares of Electronic Arts by 0.6% in the first quarter. Arizona State Retirement System now owns 83,873 shares of the game software company’s stock valued at $5,545,000 after buying an additional 500 shares in the last quarter. NEXT Financial Group Inc increased its stake in shares of Electronic Arts by 26,401.8% in the second quarter. NEXT Financial Group Inc now owns 14,576 shares of the game software company’s stock valued at $1,104,000 after buying an additional 14,521 shares in the last quarter. DNB Asset Management AS increased its stake in shares of Electronic Arts by 5.4% in the second quarter. DNB Asset Management AS now owns 23,584 shares of the game software company’s stock valued at $1,787,000 after buying an additional 1,200 shares in the last quarter. Exxonmobil Investment Management Inc. TX increased its stake in shares of Electronic Arts by 3.7% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 78,072 shares of the game software company’s stock valued at $5,915,000 after buying an additional 2,763 shares in the last quarter. Finally, Bank of Stockton increased its stake in shares of Electronic Arts by 1.6% in the second quarter. Bank of Stockton now owns 13,875 shares of the game software company’s stock valued at $1,052,000 after buying an additional 225 shares in the last quarter. 99.28% of the stock is owned by institutional investors and hedge funds.

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

Electronic Arts Inc. (NASDAQ:EA) traded up 3.29% during trading on Tuesday, hitting $81.32. The company had a trading volume of 1,088,116 shares. The stock has a 50-day moving average of $80.53 and a 200 day moving average of $79.09. The company has a market capitalization of $24.54 billion, a price-to-earnings ratio of 20.72 and a beta of 0.58. Electronic Arts Inc. has a one year low of $53.01 and a one year high of $86.07.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, November 1st. The game software company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.56. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Electronic Arts had a return on equity of 23.03% and a net margin of 27.62%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 earnings per share. Equities analysts forecast that Electronic Arts Inc. will post $3.70 EPS for the current fiscal year.

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A number of research firms have recently weighed in on EA. MKM Partners reaffirmed a “buy” rating and set a $95.00 price target on shares of Electronic Arts in a research note on Thursday, November 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $101.00 price target on shares of Electronic Arts in a research note on Thursday, November 3rd. Vetr downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $93.33 price target for the company. in a research note on Tuesday, October 18th. Bank of America Corp. downgraded Electronic Arts from a “buy” rating to a “neutral” rating and cut their price target for the stock from $86.07 to $53.01 in a research note on Monday, October 24th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $83.00 price target on shares of Electronic Arts in a research note on Tuesday, August 23rd. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $89.11.

In other Electronic Arts news, SVP Samantha S. Smith sold 2,721 shares of the stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $76.78, for a total transaction of $208,918.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Patrick Soderlund sold 8,000 shares of the stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $81.38, for a total value of $651,040.00. Following the sale, the executive vice president now owns 138,370 shares of the company’s stock, valued at $11,260,550.60. The disclosure for this sale can be found here. Corporate insiders own 3.46% of the company’s stock.

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.

5 Day Chart for NASDAQ:EA

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