Bank of New York Mellon Corp grew its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,203,946 shares of the game software company’s stock after acquiring an additional 25,397 shares during the quarter. Bank of New York Mellon Corp owned 1.36% of Electronic Arts worth $496,317,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. DekaBank Deutsche Girozentrale increased its stake in shares of Electronic Arts by 2.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 72,994 shares of the game software company’s stock valued at $8,817,000 after buying an additional 2,082 shares during the period. Wellington Shields Capital Management LLC acquired a new position in shares of Electronic Arts in the third quarter valued at approximately $558,000. Rhumbline Advisers increased its stake in shares of Electronic Arts by 2.1% in the third quarter. Rhumbline Advisers now owns 501,476 shares of the game software company’s stock valued at $59,204,000 after buying an additional 10,386 shares during the period. Strategy Asset Managers LLC acquired a new position in shares of Electronic Arts in the third quarter valued at approximately $2,774,000. Finally, Moody Lynn & Lieberson LLC increased its stake in shares of Electronic Arts by 9.3% in the third quarter. Moody Lynn & Lieberson LLC now owns 63,565 shares of the game software company’s stock valued at $7,504,000 after buying an additional 5,413 shares during the period. 94.56% of the stock is owned by hedge funds and other institutional investors.

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Shares of Electronic Arts Inc. (EA) traded up $0.26 on Wednesday, hitting $112.27. The company had a trading volume of 3,618,000 shares, compared to its average volume of 2,855,392. Electronic Arts Inc. has a 12 month low of $73.74 and a 12 month 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. The company has a market cap of $34,490.73, a PE ratio of 28.79, a P/E/G ratio of 1.83 and a beta of 0.65.

Several research firms have recently issued reports on EA. Jefferies Group LLC reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Electronic Arts in a research note on Thursday, August 31st. BidaskClub raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Benchmark Co. upped their price objective on Electronic Arts from $136.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Buckingham Research began coverage on Electronic Arts in a research note on Wednesday, September 20th. They issued a “buy” rating and a $143.00 price objective for the company. Finally, Wedbush set a $136.00 price objective on Electronic Arts and gave the company a “buy” rating in a research note on Wednesday, November 1st. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Electronic Arts currently has a consensus rating of “Buy” and an average target price of $123.38.

In related news, CFO Blake J. Jorgensen sold 10,000 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $111.94, for a total value of $1,119,400.00. Following the completion of the sale, the chief financial officer now directly owns 182,814 shares of the company’s stock, valued at approximately $20,464,199.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lawrence F. Probst III sold 55,850 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $121.18, for a total value of $6,767,903.00. Following the completion of the sale, the director now directly owns 171,123 shares of the company’s stock, valued at $20,736,685.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 122,524 shares of company stock worth $14,538,985. 2.55% of the stock is owned by company insiders.

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.

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

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