MUFG Americas Holdings Corp Sells 589 Shares of Electronic Arts Inc. (EA)

MUFG Americas Holdings Corp decreased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 6.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,799 shares of the game software company’s stock after selling 589 shares during the quarter. MUFG Americas Holdings Corp’s holdings in Electronic Arts were worth $924,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cullen Frost Bankers Inc. boosted its stake in shares of Electronic Arts by 4.3% in the third quarter. Cullen Frost Bankers Inc. now owns 103,220 shares of the game software company’s stock valued at $12,186,000 after purchasing an additional 4,254 shares during the period. Twin Capital Management Inc. boosted its stake in shares of Electronic Arts by 16.9% in the third quarter. Twin Capital Management Inc. now owns 87,560 shares of the game software company’s stock valued at $10,337,000 after purchasing an additional 12,640 shares during the period. Moody Lynn & Lieberson LLC boosted its stake in shares of Electronic Arts by 9.3% in the third quarter. Moody Lynn & Lieberson LLC now owns 63,565 shares of the game software company’s stock valued at $7,504,000 after purchasing an additional 5,413 shares during the period. Swiss National Bank boosted its stake in shares of Electronic Arts by 1.5% in the third quarter. Swiss National Bank now owns 1,142,955 shares of the game software company’s stock valued at $134,937,000 after purchasing an additional 17,400 shares during the period. Finally, Pinebridge Investments L.P. boosted its stake in shares of Electronic Arts by 50.6% in the third quarter. Pinebridge Investments L.P. now owns 4,302 shares of the game software company’s stock valued at $508,000 after purchasing an additional 1,446 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Inc. (NASDAQ EA) opened at $126.02 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 12 month low of $85.23 and a 12 month high of $131.01. The stock has a market cap of $38,653.86, a P/E ratio of 36.01, a P/E/G ratio of 2.29 and a beta of 0.73.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, January 30th. The game software company reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.03. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.02 billion. equities research analysts forecast that Electronic Arts Inc. will post 3.66 EPS for the current fiscal year.

In other Electronic Arts news, CFO Blake J. Jorgensen sold 10,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $112.85, for a total transaction of $1,184,925.00. Following the sale, the chief financial officer now owns 159,114 shares of the company’s stock, valued at $17,956,014.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $108.28, for a total transaction of $108,280.00. Following the sale, the senior vice president now directly owns 19,950 shares in the company, valued at approximately $2,160,186. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,158 shares of company stock worth $7,546,309. 2.55% of the stock is owned by corporate insiders.

Several research firms have recently commented on EA. Needham & Company LLC raised their price objective on shares of Electronic Arts from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. BMO Capital Markets raised their price objective on shares of Electronic Arts to $150.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Buckingham Research raised their price objective on shares of Electronic Arts from $143.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Piper Jaffray Companies reissued a “buy” rating and issued a $145.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 31st. Finally, Wedbush reissued a “buy” rating and issued a $136.00 price objective on shares of Electronic Arts in a research note on Thursday, January 25th. Seven research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $130.34.

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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.

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

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