Ameriprise Financial Inc. lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 7.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,446,924 shares of the game software company’s stock after selling 519,667 shares during the quarter. Ameriprise Financial Inc. owned 2.09% of Electronic Arts worth $761,094,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. FMR LLC raised its holdings in shares of Electronic Arts by 0.7% during the second quarter. FMR LLC now owns 30,692,180 shares of the game software company’s stock valued at $3,244,778,000 after acquiring an additional 205,768 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Electronic Arts by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 4,203,946 shares of the game software company’s stock valued at $496,317,000 after acquiring an additional 25,397 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Electronic Arts by 1.2% during the second quarter. Northern Trust Corp now owns 3,431,740 shares of the game software company’s stock valued at $362,804,000 after acquiring an additional 40,722 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Electronic Arts by 7.8% during the third quarter. American Century Companies Inc. now owns 2,712,104 shares of the game software company’s stock valued at $320,191,000 after acquiring an additional 196,228 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Electronic Arts by 928.4% during the second quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock valued at $273,399,000 after acquiring an additional 2,334,600 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

In related news, CFO Blake J. Jorgensen sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $111.94, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew Wilson sold 10,058 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $113.81, for a total value of $1,144,700.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 122,524 shares of company stock valued at $14,538,985. Company insiders own 2.55% of the company’s stock.

Shares of Electronic Arts Inc. (NASDAQ:EA) traded down $1.18 during trading on Tuesday, hitting $107.64. The stock had a trading volume of 5,975,000 shares, compared to its average volume of 2,891,738. The stock has a market cap of $33,230.00, a PE ratio of 27.97, a price-to-earnings-growth ratio of 1.78 and a beta of 0.65. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23. Electronic Arts Inc. has a 12-month low of $73.74 and a 12-month high of $122.79.

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A number of equities research analysts have recently commented on EA shares. KeyCorp reissued a “buy” rating on shares of Electronic Arts in a research note on Sunday, July 30th. Cowen and Company reissued a “market perform” rating and issued a $106.00 target price (up from $90.00) on shares of Electronic Arts in a research note on Sunday, July 30th. Robert W. Baird reissued an “outperform” rating and issued a $130.00 target price (up from $115.00) on shares of Electronic Arts in a research note on Sunday, July 30th. BidaskClub raised Electronic Arts from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research raised Electronic Arts from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research note on Tuesday, August 1st. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $123.38.

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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