IFM Investors Pty Ltd increased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 7.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,081 shares of the game software company’s stock after purchasing an additional 1,398 shares during the quarter. IFM Investors Pty Ltd’s holdings in Electronic Arts were worth $1,939,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in shares of Electronic Arts by 3.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,061,892 shares of the game software company’s stock worth $489,417,000 after acquiring an additional 145,570 shares in the last quarter. LPL Financial LLC boosted its position in shares of Electronic Arts by 17.1% during the 3rd quarter. LPL Financial LLC now owns 19,018 shares of the game software company’s stock worth $2,291,000 after acquiring an additional 2,778 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Electronic Arts by 27.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 16,464 shares of the game software company’s stock worth $1,984,000 after acquiring an additional 3,580 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Electronic Arts by 14.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 33,092 shares of the game software company’s stock worth $3,987,000 after acquiring an additional 4,064 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Electronic Arts by 5.9% during the 3rd quarter. Mackenzie Financial Corp now owns 10,696 shares of the game software company’s stock worth $1,289,000 after acquiring an additional 596 shares in the last quarter. 92.91% of the stock is owned by hedge funds and other institutional investors.

EA opened at $93.14 on Friday. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 0.19. The company has a market cap of $27.90 billion, a price-to-earnings ratio of 27.08, a P/E/G ratio of 1.68 and a beta of 1.19. Electronic Arts Inc. has a 52 week low of $73.91 and a 52 week high of $151.26.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, February 5th. The game software company reported $1.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.12. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.75 billion. Electronic Arts had a return on equity of 23.21% and a net margin of 26.77%. The firm’s revenue was down 18.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.60) EPS. On average, equities research analysts expect that Electronic Arts Inc. will post 3.14 earnings per share for the current fiscal year.

In other Electronic Arts news, CEO Andrew Wilson sold 29,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $103.00, for a total transaction of $2,987,000.00. Following the transaction, the chief executive officer now owns 20,000 shares in the company, valued at approximately $2,060,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura Miele sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $91.77, for a total value of $114,712.50. Following the transaction, the insider now owns 6,760 shares in the company, valued at approximately $620,365.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,500 shares of company stock valued at $8,266,003. 2.24% of the stock is owned by company insiders.

EA has been the subject of several research reports. Stifel Nicolaus reissued a “buy” rating and issued a $109.00 target price on shares of Electronic Arts in a report on Thursday, February 14th. BidaskClub raised Electronic Arts from a “sell” rating to a “hold” rating in a report on Monday, January 7th. Jefferies Financial Group downgraded Electronic Arts from a “buy” rating to a “hold” rating and reduced their target price for the company from $139.00 to $95.00 in a report on Thursday, January 17th. BMO Capital Markets boosted their target price on Electronic Arts from $96.00 to $116.00 and gave the company an “outperform” rating in a report on Wednesday, February 13th. Finally, Wedbush reissued a “buy” rating and issued a $111.00 target price (down from $133.00) on shares of Electronic Arts in a report on Wednesday, January 30th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-one have given a buy rating to the stock. Electronic Arts currently has a consensus rating of “Buy” and an average price target of $112.04.

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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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