Raymond James Financial Services Advisors Inc. lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 27.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 22,432 shares of the game software company’s stock after selling 8,521 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Electronic Arts were worth $1,770,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EA. Penserra Capital Management LLC acquired a new stake in Electronic Arts in the fourth quarter valued at approximately $28,000. Baystate Wealth Management LLC boosted its position in Electronic Arts by 373.1% in the fourth quarter. Baystate Wealth Management LLC now owns 317 shares of the game software company’s stock valued at $29,000 after buying an additional 250 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Electronic Arts by 7,694.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,624,704 shares of the game software company’s stock valued at $33,000 after acquiring an additional 2,591,032 shares during the last quarter. Bremer Trust National Association bought a new position in shares of Electronic Arts during the fourth quarter valued at $35,000. Finally, Whittier Trust Co. raised its stake in shares of Electronic Arts by 37.0% during the fourth quarter. Whittier Trust Co. now owns 529 shares of the game software company’s stock valued at $42,000 after acquiring an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.

In other Electronic Arts news, CEO Andrew Wilson sold 9,000 shares of Electronic Arts stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $79.57, for a total value of $716,130.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leonard S. Coleman, Jr. sold 10,000 shares of Electronic Arts stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $100.55, for a total transaction of $1,005,500.00. Following the completion of the sale, the director now directly owns 27,371 shares of the company’s stock, valued at $2,752,154.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,750 shares of company stock valued at $5,685,520. Insiders own 2.24% of the company’s stock.

Shares of NASDAQ EA opened at $98.98 on Friday. Electronic Arts Inc. has a twelve month low of $73.91 and a twelve month high of $151.26. The firm has a market cap of $30.00 billion, a P/E ratio of 28.77, a PEG ratio of 1.90 and a beta of 1.18. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 0.19.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, February 5th. The game software company reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Electronic Arts had a net margin of 26.77% and a return on equity of 23.21%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the firm earned ($0.60) earnings per share. Electronic Arts’s quarterly revenue was down 18.4% on a year-over-year basis. On average, research analysts predict that Electronic Arts Inc. will post 3.14 EPS for the current fiscal year.

Several equities analysts have recently issued reports on EA shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $109.00 price target on shares of Electronic Arts in a research note on Thursday, February 14th. BidaskClub raised shares of Electronic Arts from a “sell” rating to a “hold” rating in a research note on Monday, January 7th. Jefferies Financial Group downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating and dropped their price target for the company from $139.00 to $95.00 in a research note on Thursday, January 17th. BMO Capital Markets raised their price target on shares of Electronic Arts from $96.00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday, February 13th. Finally, ValuEngine raised shares of Electronic Arts from a “sell” rating to a “hold” rating in a research note on Thursday, December 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $114.04.

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Electronic Arts 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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