Retirement Systems of Alabama decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,118 shares of the game software company’s stock after selling 1,646 shares during the period. Retirement Systems of Alabama owned approximately 0.05% of Electronic Arts worth $12,991,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of EA. DNB Asset Management AS raised its stake in 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 worth $1,787,000 after buying an additional 1,200 shares during the period. Exxonmobil Investment Management Inc. TX raised its stake in 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 worth $5,915,000 after buying an additional 2,763 shares during the period. Bank of Stockton raised its stake in Electronic Arts by 1.6% in the second quarter. Bank of Stockton now owns 13,875 shares of the game software company’s stock worth $1,052,000 after buying an additional 225 shares during the period. Jacobs & Co. CA raised its stake in Electronic Arts by 18.2% in the second quarter. Jacobs & Co. CA now owns 24,632 shares of the game software company’s stock worth $1,866,000 after buying an additional 3,800 shares during the period. Finally, BKD Wealth Advisors LLC raised its stake in Electronic Arts by 17.1% in the second quarter. BKD Wealth Advisors LLC now owns 3,869 shares of the game software company’s stock worth $293,000 after buying an additional 564 shares during the period. 99.28% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Electronic Arts Inc. (NASDAQ:EA) traded down 1.67% during midday trading on Wednesday, hitting $80.01. The company had a trading volume of 1,335,710 shares. Electronic Arts Inc. has a one year low of $53.01 and a one year high of $86.07. The stock’s 50-day moving average price is $80.53 and its 200-day moving average price is $79.09. The stock has a market capitalization of $24.14 billion, a price-to-earnings ratio of 20.39 and a beta of 0.58.

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

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A number of analysts have commented on EA shares. Piper Jaffray Cos. raised their price objective on Electronic Arts from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 3rd. MKM Partners raised their price objective on Electronic Arts from $87.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Mizuho reiterated a “buy” rating and issued a $84.00 price objective on shares of Electronic Arts in a research report on Wednesday, August 3rd. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $88.00 price objective on shares of Electronic Arts in a research report on Wednesday, August 3rd. Finally, Barclays PLC raised their target price on Electronic Arts from $82.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 3rd. 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 stock. Electronic Arts has a consensus rating of “Buy” and an average target price of $89.11.

In other news, CFO Blake J. Jorgensen sold 10,100 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $78.58, for a total value of $793,658.00. Following the completion of the transaction, the chief financial officer now directly owns 93,210 shares in the company, valued at approximately $7,324,441.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 50,000 shares of the stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of $85.03, for a total value of $4,251,500.00. Following the completion of the transaction, the chief executive officer now owns 290,581 shares of the company’s stock, valued at $24,708,102.43. 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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