Zurich Insurance Group Ltd FI boosted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,303 shares of the game software company’s stock after purchasing an additional 720 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Electronic Arts were worth $10,478,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co. NY boosted its stake in Electronic Arts by 0.9% during the second quarter. Metropolitan Life Insurance Co. NY now owns 61,038 shares of the game software company’s stock worth $8,608,000 after acquiring an additional 551 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in Electronic Arts during the second quarter worth about $5,246,000. Colony Group LLC boosted its stake in Electronic Arts by 4.3% during the second quarter. Colony Group LLC now owns 14,586 shares of the game software company’s stock worth $2,057,000 after acquiring an additional 595 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Electronic Arts by 14,382.0% during the second quarter. Tower Research Capital LLC TRC now owns 17,668 shares of the game software company’s stock worth $2,491,000 after acquiring an additional 17,546 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Electronic Arts by 16.8% during the second quarter. Marshall Wace LLP now owns 535,578 shares of the game software company’s stock worth $75,527,000 after acquiring an additional 76,988 shares in the last quarter. Hedge funds and other institutional investors own 92.93% of the company’s stock.

Several brokerages have recently issued reports on EA. Zacks Investment Research downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Credit Suisse Group increased their price objective on shares of Electronic Arts from $143.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, July 25th. BidaskClub downgraded shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th. Piper Jaffray Companies increased their price objective on shares of Electronic Arts to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, July 25th. Finally, Wedbush restated a “buy” rating and set a $158.00 price objective on shares of Electronic Arts in a research report on Monday, July 23rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Electronic Arts has an average rating of “Buy” and an average target price of $142.38.

In other news, CEO Andrew Wilson sold 29,000 shares of the firm’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $117.56, for a total value of $3,409,240.00. Following the completion of the sale, the chief executive officer now owns 20,000 shares in the company, valued at approximately $2,351,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Blake J. Jorgensen sold 10,500 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $130.06, for a total transaction of $1,365,630.00. Following the completion of the transaction, the chief financial officer now directly owns 135,991 shares in the company, valued at approximately $17,686,989.46. The disclosure for this sale can be found here. Insiders sold a total of 128,750 shares of company stock valued at $15,429,740 in the last 90 days. Company insiders own 2.24% of the company’s stock.

EA traded down $0.28 during trading on Friday, hitting $113.73. 3,571,426 shares of the company traded hands, compared to its average volume of 3,690,664. Electronic Arts Inc. has a 1 year low of $99.63 and a 1 year 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. The stock has a market capitalization of $36.73 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 2.07 and a beta of 0.58.

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, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.19. Electronic Arts had a net margin of 14.30% and a return on equity of 25.31%. The business had revenue of $749.00 million during the quarter, compared to analyst estimates of $742.86 million. During the same quarter last year, the business earned $2.06 earnings per share. Electronic Arts’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, equities research analysts forecast that Electronic Arts Inc. will post 3.89 earnings per share for the current year.

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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