Electronic Arts (EA) Holdings Trimmed by Korea Investment CORP

Korea Investment CORP lowered its stake in shares of Electronic Arts (NASDAQ:EA) by 0.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,837 shares of the game software company’s stock after selling 1,063 shares during the period. Korea Investment CORP’s holdings in Electronic Arts were worth $17,318,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Electronic Arts by 4.4% in the 4th quarter. BlackRock Inc. now owns 21,297,293 shares of the game software company’s stock valued at $2,237,493,000 after acquiring an additional 904,557 shares during the period. American Century Companies Inc. raised its stake in shares of Electronic Arts by 16.4% in the 1st quarter. American Century Companies Inc. now owns 3,354,732 shares of the game software company’s stock valued at $406,728,000 after acquiring an additional 471,449 shares during the period. Geode Capital Management LLC raised its stake in shares of Electronic Arts by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 3,249,844 shares of the game software company’s stock valued at $340,709,000 after acquiring an additional 102,739 shares during the period. Brown Advisory Inc. raised its stake in shares of Electronic Arts by 25,746.6% in the 4th quarter. Brown Advisory Inc. now owns 2,096,933 shares of the game software company’s stock valued at $220,305,000 after acquiring an additional 2,088,820 shares during the period. Finally, Swedbank raised its stake in shares of Electronic Arts by 5.2% in the 4th quarter. Swedbank now owns 1,944,460 shares of the game software company’s stock valued at $204,285,000 after acquiring an additional 95,886 shares during the period. 93.59% of the stock is currently owned by institutional investors.

In other news, CEO Andrew Wilson sold 9,000 shares of Electronic Arts stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $122.94, for a total value of $1,106,460.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Blake J. Jorgensen sold 10,500 shares of Electronic Arts stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $125.97, for a total transaction of $1,322,685.00. Following the completion of the transaction, the chief financial officer now directly owns 141,514 shares of the company’s stock, valued at $17,826,518.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,754 shares of company stock valued at $9,753,988. 2.55% of the stock is owned by company insiders.

Shares of Electronic Arts opened at $132.00 on Monday, MarketBeat reports. The firm has a market cap of $40.49 billion, a price-to-earnings ratio of 38.37, a P/E/G ratio of 2.06 and a beta of 0.82. The company has a quick ratio of 1.92, a current ratio of 2.41 and a debt-to-equity ratio of 0.22. Electronic Arts has a 1-year low of $99.63 and a 1-year high of $134.58.

EA has been the topic of a number of research reports. Piper Jaffray Companies reissued a “buy” rating and issued a $142.00 target price on shares of Electronic Arts in a research note on Monday, January 22nd. BidaskClub raised shares of Electronic Arts from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Wedbush reissued a “buy” rating and issued a $136.00 target price on shares of Electronic Arts in a research note on Thursday, January 25th. Stifel Nicolaus reissued a “buy” rating and issued a $129.00 target price (up previously from $128.00) on shares of Electronic Arts in a research note on Friday, January 26th. Finally, Oppenheimer reissued a “buy” rating and issued a $130.00 target price on shares of Electronic Arts in a research note on Tuesday, January 30th. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $139.92.

About Electronic Arts

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, personal computers, mobile phones, and tablets worldwide. It develops and publishes games primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v. Zombies brands; and license games from others, such as FIFA, Madden NFL, and Star Wars, as well as publishes and distributes games developed by third parties.

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

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