Clinton Group Inc. lessened its holdings in Electronic Arts Inc. (NASDAQ:EA) by 34.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,970 shares of the game software company’s stock after selling 29,046 shares during the quarter. Electronic Arts accounts for about 0.6% of Clinton Group Inc.’s holdings, making the stock its 21st biggest position. Clinton Group Inc.’s holdings in Electronic Arts were worth $5,811,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Guardian Life Insurance Co. of America boosted its holdings in Electronic Arts by 2.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock valued at $107,000 after purchasing an additional 34 shares in the last quarter. ProVise Management Group LLC boosted its holdings in Electronic Arts by 0.8% in the 2nd quarter. ProVise Management Group LLC now owns 4,324 shares of the game software company’s stock valued at $458,000 after purchasing an additional 36 shares in the last quarter. NEXT Financial Group Inc boosted its holdings in Electronic Arts by 0.6% in the 2nd quarter. NEXT Financial Group Inc now owns 12,316 shares of the game software company’s stock valued at $1,302,000 after purchasing an additional 70 shares in the last quarter. Marietta Investment Partners LLC boosted its holdings in Electronic Arts by 2.1% in the 1st quarter. Marietta Investment Partners LLC now owns 4,966 shares of the game software company’s stock valued at $445,000 after purchasing an additional 100 shares in the last quarter. Finally, Veritable L.P. boosted its holdings in Electronic Arts by 1.5% in the 2nd quarter. Veritable L.P. now owns 7,443 shares of the game software company’s stock valued at $787,000 after purchasing an additional 113 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors.

Several brokerages have recently commented on EA. Benchmark Co. boosted their price target on Electronic Arts from $114.00 to $131.00 and gave the stock a “buy” rating in a research note on Tuesday, June 20th. KeyCorp reissued a “buy” rating and set a $134.00 price target on shares of Electronic Arts in a research note on Friday, August 25th. Vetr raised Electronic Arts from a “buy” rating to a “strong-buy” rating and set a $125.00 price target on the stock in a research note on Tuesday, July 4th. Zacks Investment Research lowered Electronic Arts from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $135.00 price target on shares of Electronic Arts in a research note on Thursday, August 31st. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Electronic Arts currently has a consensus rating of “Buy” and an average target price of $118.01.

In other Electronic Arts news, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $120.77, for a total value of $120,770.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Blake J. Jorgensen sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $117.14, for a total transaction of $1,171,400.00. Following the completion of the sale, the chief financial officer now owns 199,614 shares of the company’s stock, valued at approximately $23,382,783.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 196,097 shares of company stock valued at $23,140,148. Insiders own 2.55% of the company’s stock.

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Electronic Arts Inc. (EA) traded up 1.24% during mid-day trading on Friday, hitting $118.06. The stock had a trading volume of 1,743,521 shares. The firm’s 50-day moving average is $118.23 and its 200 day moving average is $106.08. Electronic Arts Inc. has a one year low of $73.74 and a one year high of $122.79. The stock has a market cap of $36.45 billion, a PE ratio of 31.61 and a beta of 0.68.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Thursday, July 27th. The game software company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.22. Electronic Arts had a net margin of 23.31% and a return on equity of 29.77%. The firm had revenue of $775.00 million during the quarter, compared to analyst estimates of $768.47 million. During the same quarter last year, the business posted $0.07 EPS. The company’s revenue was up 13.6% on a year-over-year basis. Equities research analysts expect that Electronic Arts Inc. will post $4.24 EPS for the current year.

Electronic Arts 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.

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

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