M&T Bank Corp lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 28.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,015 shares of the game software company’s stock after selling 17,630 shares during the period. M&T Bank Corp’s holdings in Electronic Arts were worth $3,845,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Archford Capital Strategies LLC raised its position in Electronic Arts by 1,407.3% in the second quarter. Archford Capital Strategies LLC now owns 1,447 shares of the game software company’s stock valued at $110,000 after buying an additional 1,351 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Electronic Arts during the second quarter worth approximately $168,000. Starfire Investment Advisers Inc. purchased a new stake in shares of Electronic Arts during the third quarter worth approximately $220,000. SSI Investment Management Inc. purchased a new stake in shares of Electronic Arts during the second quarter worth approximately $200,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Electronic Arts during the second quarter worth approximately $202,000. 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 3.35% during mid-day trading on Tuesday, hitting $81.37. 3,376,820 shares of the stock were exchanged. Electronic Arts Inc. has a 52 week low of $53.01 and a 52 week high of $86.07. The firm has a market capitalization of $24.55 billion, a price-to-earnings ratio of 20.74 and a beta of 0.58. The company’s 50-day moving average price is $80.53 and its 200 day moving average price is $79.09.

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

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A number of equities analysts have issued reports on EA shares. Vetr upgraded Electronic Arts from a “hold” rating to a “buy” rating and set a $84.80 price target for the company in a research note on Monday, August 29th. Zacks Investment Research upgraded Electronic Arts from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Thursday, August 25th. Jefferies Group restated a “buy” rating on shares of Electronic Arts in a research note on Monday, August 1st. Mizuho restated a “buy” rating and issued a $84.00 target price on shares of Electronic Arts in a research note on Wednesday, August 3rd. Finally, MKM Partners boosted their target price on Electronic Arts from $87.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $89.11.

In related news, Director Richard A. Simonson acquired 6,575 shares of the stock in a transaction on Friday, November 18th. The stock was bought at an average cost of $78.06 per share, with a total value of $513,244.50. Following the transaction, the director now directly owns 30,456 shares in the company, valued at $2,377,395.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Blake J. Jorgensen sold 10,100 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $78.58, for a total transaction of $793,658.00. Following the completion of the sale, the chief financial officer now directly owns 93,210 shares of the company’s stock, valued at $7,324,441.80. The disclosure for this sale can be found here. Corporate insiders own 3.46% of the company’s stock.

Electronic Arts Company 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.

5 Day Chart for NASDAQ:EA

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