Candriam Luxembourg S.C.A. lifted its stake in Electronic Arts Inc. (NASDAQ:EA) by 144.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,335 shares of the game software company’s stock after purchasing an additional 27,359 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Electronic Arts were worth $5,470,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Atria Investments LLC purchased a new stake in Electronic Arts in the 2nd quarter worth $252,000. Oregon Public Employees Retirement Fund increased its stake in Electronic Arts by 3.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 32,489 shares of the game software company’s stock worth $3,435,000 after buying an additional 1,200 shares in the last quarter. Ardevora Asset Management LLP increased its stake in Electronic Arts by 1.1% in the 2nd quarter. Ardevora Asset Management LLP now owns 378,867 shares of the game software company’s stock worth $40,054,000 after buying an additional 4,200 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Electronic Arts by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,200 shares of the game software company’s stock worth $2,030,000 after buying an additional 300 shares in the last quarter. Finally, Aperio Group LLC increased its stake in Electronic Arts by 12.1% in the 2nd quarter. Aperio Group LLC now owns 113,875 shares of the game software company’s stock worth $12,039,000 after buying an additional 12,282 shares in the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Shares of Electronic Arts Inc. (EA) traded up $0.86 during trading hours on Monday, hitting $112.75. 2,534,000 shares of the stock were exchanged, compared to its average volume of 2,850,459. The stock has a market capitalization of $34,810.00, a price-to-earnings ratio of 28.99, a PEG ratio of 1.85 and a beta of 0.65. Electronic Arts Inc. has a fifty-two week low of $73.74 and a fifty-two week high of $122.79. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23.

In related news, insider Andrew Wilson sold 10,058 shares of Electronic Arts stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $113.81, for a total transaction of $1,144,700.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Blake J. Jorgensen sold 10,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $111.94, for a total transaction of $1,119,400.00. Following the transaction, the chief financial officer now directly owns 182,814 shares in the company, valued at $20,464,199.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 190,596 shares of company stock worth $22,627,981. Corporate insiders own 2.55% of the company’s stock.

A number of equities research analysts have issued reports on EA shares. Zacks Investment Research upgraded Electronic Arts from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research note on Friday, October 27th. KeyCorp reiterated a “buy” rating and issued a $134.00 price target on shares of Electronic Arts in a research note on Friday, August 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $135.00 price target on shares of Electronic Arts in a research note on Thursday, August 31st. Barclays PLC began coverage on shares of Electronic Arts in a report on Wednesday, October 4th. They set an “overweight” rating and a $129.00 price objective for the company. Finally, Bank of America Corporation raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $131.00 price objective for the company in a report on Wednesday, July 26th. Five 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. The company presently has an average rating of “Buy” and an average target price of $123.38.

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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.

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

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