Partner Fund Management L.P. reduced its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 35.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 186,604 shares of the game software company’s stock after selling 104,497 shares during the quarter. Partner Fund Management L.P. owned 0.06% of Electronic Arts worth $22,484,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Motley Fool Asset Management LLC boosted its holdings in Electronic Arts by 13.8% during the second quarter. Motley Fool Asset Management LLC now owns 3,286 shares of the game software company’s stock worth $463,000 after purchasing an additional 399 shares during the last quarter. State Treasurer State of Michigan boosted its holdings in Electronic Arts by 0.6% during the second quarter. State Treasurer State of Michigan now owns 90,806 shares of the game software company’s stock worth $12,805,000 after purchasing an additional 500 shares during the last quarter. Redpoint Investment Management Pty Ltd boosted its holdings in Electronic Arts by 2.0% during the second quarter. Redpoint Investment Management Pty Ltd now owns 26,640 shares of the game software company’s stock worth $3,757,000 after purchasing an additional 514 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in Electronic Arts by 0.9% during the second quarter. Metropolitan Life Insurance Co. NY now owns 61,038 shares of the game software company’s stock worth $8,608,000 after purchasing an additional 551 shares during the last quarter. Finally, Wetherby Asset Management Inc. boosted its holdings in Electronic Arts by 11.1% during the third quarter. Wetherby Asset Management Inc. now owns 5,916 shares of the game software company’s stock worth $713,000 after purchasing an additional 593 shares during the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

EA has been the topic of several research reports. Morgan Stanley lowered their price objective on shares of Electronic Arts from $122.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 31st. Credit Suisse Group lowered their price objective on shares of Electronic Arts from $155.00 to $146.00 and set an “outperform” rating on the stock in a research report on Friday, August 31st. MKM Partners lowered their price objective on shares of Electronic Arts to $157.00 and set a “buy” rating on the stock in a research report on Friday, August 31st. TheStreet lowered shares of Electronic Arts from a “b-” rating to a “c+” rating in a research report on Friday, November 30th. Finally, UBS Group lowered their price objective on shares of Electronic Arts from $176.00 to $166.00 and set a “buy” rating on the stock in a research report on Friday, August 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $134.68.

In related news, insider Laura Miele sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $93.83, for a total transaction of $117,287.50. Following the completion of the transaction, the insider now owns 10,961 shares of the company’s stock, valued at $1,028,470.63. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 29,000 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $117.56, for a total transaction of $3,409,240.00. Following the transaction, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at approximately $2,351,200. The disclosure for this sale can be found here. In the last three months, insiders sold 74,450 shares of company stock worth $7,925,690. Insiders own 2.24% of the company’s stock.

NASDAQ EA opened at $81.66 on Thursday. Electronic Arts Inc. has a 12-month low of $80.42 and a 12-month high of $151.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.52 and a current ratio of 3.52. The company has a market capitalization of $24.53 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 1.40 and a beta of 1.02.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, October 30th. The game software company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.46. Electronic Arts had a net margin of 18.76% and a return on equity of 26.01%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the firm posted $0.62 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. Research analysts predict that Electronic Arts Inc. will post 3.87 earnings per share for the current fiscal year.

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About Electronic Arts

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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

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