B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 55.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,652 shares of the game software company’s stock after selling 8,360 shares during the quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Electronic Arts were worth $938,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HPM Partners LLC boosted its stake in shares of Electronic Arts by 10.9% during the second quarter. HPM Partners LLC now owns 41,712 shares of the game software company’s stock valued at $5,882,000 after purchasing an additional 4,112 shares during the period. Jafra Capital Management LP purchased a new stake in shares of Electronic Arts during the second quarter valued at $2,961,000. Partner Fund Management L.P. purchased a new stake in shares of Electronic Arts during the second quarter valued at $41,051,000. Partner Investment Management L.P. purchased a new stake in shares of Electronic Arts during the second quarter valued at $1,098,000. Finally, Soros Fund Management LLC boosted its stake in shares of Electronic Arts by 13.6% during the second quarter. Soros Fund Management LLC now owns 250,000 shares of the game software company’s stock valued at $35,255,000 after purchasing an additional 30,000 shares during the period. 92.93% of the stock is owned by institutional investors.

In other news, Director Lawrence F. Probst III sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $111.34, for a total transaction of $278,350.00. Following the completion of the transaction, the director now directly owns 112,338 shares of the company’s stock, valued at approximately $12,507,712.92. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 29,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $113.13, for a total value of $3,280,770.00. Following the transaction, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $2,262,600. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,750 shares of company stock worth $15,429,740. Insiders own 2.24% of the company’s stock.

Shares of NASDAQ EA opened at $113.73 on Friday. The company has a market capitalization of $36.73 billion, a P/E ratio of 33.06, a PEG ratio of 2.07 and a beta of 0.58. Electronic Arts Inc. has a 52 week low of $99.63 and a 52 week high of $151.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.84 and a current ratio of 3.84.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Thursday, July 26th. The game software company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.19. Electronic Arts had a return on equity of 25.31% and a net margin of 14.30%. The business had revenue of $749.00 million for the quarter, compared to analyst estimates of $742.86 million. During the same quarter in the prior year, the firm posted $2.06 EPS. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. Sell-side analysts predict that Electronic Arts Inc. will post 3.89 earnings per share for the current fiscal year.

EA has been the subject of several recent research reports. Zacks Investment Research downgraded Electronic Arts from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Credit Suisse Group lifted their price objective on Electronic Arts from $143.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, July 25th. BidaskClub downgraded shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Piper Jaffray Companies boosted their target price on shares of Electronic Arts to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, July 25th. Finally, Wedbush reiterated a “buy” rating and issued a $158.00 target price on shares of Electronic Arts in a report on Monday, July 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $142.38.

Electronic Arts Company Profile

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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