Commerzbank Aktiengesellschaft FI lessened its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 24.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,837 shares of the game software company’s stock after selling 16,719 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Electronic Arts were worth $5,586,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Electronic Arts by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 29,631,771 shares of the game software company’s stock worth $2,652,637,000 after acquiring an additional 2,394,314 shares during the period. BlackRock Inc. lifted its holdings in shares of Electronic Arts by 3,420.8% during the 1st quarter. BlackRock Inc. now owns 20,764,484 shares of the game software company’s stock worth $1,858,837,000 after acquiring an additional 20,174,721 shares during the period. State Street Corp lifted its holdings in shares of Electronic Arts by 2.8% during the 1st quarter. State Street Corp now owns 11,886,458 shares of the game software company’s stock worth $1,064,069,000 after acquiring an additional 318,704 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Electronic Arts by 24.8% during the 1st quarter. Ameriprise Financial Inc. now owns 9,443,219 shares of the game software company’s stock worth $845,359,000 after acquiring an additional 1,877,351 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Electronic Arts by 15.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,077,235 shares of the game software company’s stock worth $723,074,000 after acquiring an additional 1,064,602 shares during the period. 93.89% of the stock is owned by institutional investors.

In related news, EVP Patrick Soderlund sold 50,000 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $111.32, for a total transaction of $5,566,000.00. Following the completion of the sale, the executive vice president now directly owns 139,507 shares in the company, valued at approximately $15,529,919.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lawrence F. Probst III sold 55,850 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $121.18, for a total transaction of $6,767,903.00. Following the sale, the director now owns 171,123 shares of the company’s stock, valued at $20,736,685.14. The disclosure for this sale can be found here. Insiders have sold a total of 333,539 shares of company stock valued at $38,242,133 over the last quarter. 2.55% of the stock is currently owned by company insiders.

Shares of Electronic Arts Inc. (NASDAQ EA) opened at 119.31 on Monday. The stock’s 50 day moving average is $116.33 and its 200 day moving average is $103.28. Electronic Arts Inc. has a 52-week low of $73.74 and a 52-week high of $122.79. The firm has a market capitalization of $36.83 billion, a PE ratio of 31.94 and a beta of 0.68.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Thursday, July 27th. The game software company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.22. Electronic Arts had a net margin of 23.31% and a return on equity of 29.77%. The company had revenue of $775 million during the quarter, compared to analyst estimates of $768.47 million. During the same period in the prior year, the business posted $0.07 EPS. The firm’s revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts forecast that Electronic Arts Inc. will post $4.24 EPS for the current year.

Electronic Arts declared that its Board of Directors has initiated a share buyback plan on Tuesday, May 9th that authorizes the company to buyback $1.20 billion in outstanding shares. This buyback authorization authorizes the game software company to purchase up to 45% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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Several equities analysts recently commented on the stock. BidaskClub raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Friday. Jefferies Group LLC reissued a “buy” rating and issued a $135.00 price objective on shares of Electronic Arts in a research note on Thursday. KeyCorp reissued a “buy” rating and issued a $134.00 price objective on shares of Electronic Arts in a research note on Friday, August 25th. Zacks Investment Research downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Benchmark Co. reissued a “buy” rating and issued a $136.00 price objective (up previously from $131.00) on shares of Electronic Arts in a research note on Sunday, July 30th. Four equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $115.97.

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.

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

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