FineMark National Bank & Trust purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 2,216 shares of the game software company’s stock, valued at approximately $225,000.

A number of other hedge funds also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA lifted its position in shares of Electronic Arts by 20.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 11,650,029 shares of the game software company’s stock valued at $919,303,000 after buying an additional 1,952,780 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of Electronic Arts by 15.4% in the fourth quarter. Brown Advisory Inc. now owns 4,230,653 shares of the game software company’s stock valued at $333,840,000 after buying an additional 564,592 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Electronic Arts by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 3,613,795 shares of the game software company’s stock valued at $284,619,000 after buying an additional 164,030 shares during the last quarter. Northern Trust Corp lifted its position in shares of Electronic Arts by 7.7% in the fourth quarter. Northern Trust Corp now owns 3,588,533 shares of the game software company’s stock valued at $283,172,000 after buying an additional 256,711 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its position in shares of Electronic Arts by 39.7% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 3,577,578 shares of the game software company’s stock valued at $282,307,000 after buying an additional 1,016,222 shares during the last quarter. Hedge funds and other institutional investors own 92.60% of the company’s stock.

A number of analysts have recently issued reports on EA shares. Deutsche Bank began coverage on Electronic Arts in a research report on Tuesday, January 22nd. They issued a “hold” rating and a $100.00 price objective for the company. Zacks Investment Research cut Electronic Arts from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Goldman Sachs Group began coverage on Electronic Arts in a report on Wednesday, January 30th. They set a “neutral” rating and a $99.00 price target for the company. Wedbush reissued a “buy” rating and set a $111.00 price target (down from $133.00) on shares of Electronic Arts in a report on Wednesday, January 30th. Finally, MKM Partners dropped their price target on Electronic Arts to $112.00 and set a “buy” rating for the company in a report on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have issued a buy rating to the company. Electronic Arts has a consensus rating of “Buy” and a consensus target price of $111.32.

In related news, General Counsel Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $102.38, for a total transaction of $102,380.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 9,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $96.57, for a total value of $869,130.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,900 shares of company stock worth $7,451,948. Corporate insiders own 2.24% of the company’s stock.

Shares of EA opened at $92.69 on Tuesday. Electronic Arts Inc. has a 52-week low of $73.91 and a 52-week high of $151.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.99 and a current ratio of 2.82. The firm has a market capitalization of $29.14 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 1.56 and a beta of 1.12.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, May 7th. The game software company reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.43. Electronic Arts had a return on equity of 22.62% and a net margin of 20.59%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the company posted $1.31 EPS. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities research analysts expect that Electronic Arts Inc. will post 3.79 earnings per share for the current 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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