Pinebridge Investments L.P. increased its position in Electronic Arts Inc. (NASDAQ:EA) by 50.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,302 shares of the game software company’s stock after purchasing an additional 1,446 shares during the period. Pinebridge Investments L.P.’s holdings in Electronic Arts were worth $508,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. FMR LLC boosted its stake in Electronic Arts by 0.7% in 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 during the period. Bank of New York Mellon Corp boosted its stake in Electronic Arts by 0.6% in 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 during the period. Northern Trust Corp boosted its stake in Electronic Arts by 1.2% in 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 during the period. American Century Companies Inc. boosted its stake in Electronic Arts by 7.8% in 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 during the period. Finally, Renaissance Technologies LLC boosted its stake in Electronic Arts by 928.4% in 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 during the period. Institutional investors and hedge funds own 93.78% of the company’s stock.

Electronic Arts Inc. (NASDAQ:EA) opened at $105.27 on Monday. The stock has a market capitalization of $32,415.31, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 1.73 and a beta of 0.61. Electronic Arts Inc. has a twelve month low of $77.81 and a twelve month high of $122.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38.

In other Electronic Arts news, SVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $120.77, for a total transaction of $120,770.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 10,058 shares of Electronic Arts stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $118.04, for a total transaction of $1,187,246.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,674 shares of company stock worth $7,551,251. Corporate insiders own 2.55% of the company’s stock.

A number of research firms have recently weighed in on EA. Zacks Investment Research raised Electronic Arts from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Friday, October 27th. KeyCorp reaffirmed a “buy” rating and set a $134.00 price target on shares of Electronic Arts in a report on Friday, August 25th. Jefferies Group reaffirmed a “buy” rating and set a $135.00 price target on shares of Electronic Arts in a report on Thursday, August 31st. Barclays began coverage on Electronic Arts in a report on Wednesday, October 4th. They set an “overweight” rating and a $129.00 price target on the stock. Finally, Buckingham Research began coverage on Electronic Arts in a report on Wednesday, September 20th. They set a “buy” rating and a $143.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Electronic Arts currently has a consensus rating of “Buy” and a consensus price target of $123.26.

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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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