Investors Sell Shares of Electronic Arts (EA) on Strength (EA)

Traders sold shares of Electronic Arts Inc. (NASDAQ:EA) on strength during trading on Wednesday. $47.16 million flowed into the stock on the tick-up and $74.62 million flowed out of the stock on the tick-down, for a money net flow of $27.46 million out of the stock. Of all stocks tracked, Electronic Arts had the 0th highest net out-flow for the day. Electronic Arts traded up $1.45 for the day and closed at $108.45

A number of equities research analysts recently issued reports on EA shares. Vetr downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price target on the stock. in a research report on Monday. Morgan Stanley reissued an “overweight” rating and set a $128.00 price target (up previously from $126.00) on shares of Electronic Arts in a research report on Monday, October 2nd. BTIG Research started coverage on Electronic Arts in a research report on Monday. They set a “neutral” rating on the stock. Barclays started coverage on Electronic Arts in a research report on Wednesday, October 4th. They set an “overweight” rating and a $129.00 price target on the stock. Finally, KeyCorp reissued a “buy” rating and set a $134.00 price target on shares of Electronic Arts in a research report on Friday, August 25th. Six research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $123.26.

The company has a market capitalization of $33,394.51, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 1.78 and a beta of 0.61. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.38 and a current ratio of 2.38.

In related news, CEO Andrew Wilson sold 10,058 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $118.04, for a total transaction of $1,187,246.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Chris Bruzzo sold 1,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $118.10, for a total value of $177,150.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,874 shares of company stock worth $7,559,021. Company insiders own 2.55% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ProVise Management Group LLC raised its position in Electronic Arts by 0.8% during the 2nd quarter. ProVise Management Group LLC now owns 4,324 shares of the game software company’s stock worth $458,000 after purchasing an additional 36 shares during the last quarter. Veritable L.P. raised its position in Electronic Arts by 1.5% during the 2nd quarter. Veritable L.P. now owns 7,443 shares of the game software company’s stock worth $787,000 after purchasing an additional 113 shares during the last quarter. Great Lakes Advisors LLC raised its position in Electronic Arts by 3.3% during the 2nd quarter. Great Lakes Advisors LLC now owns 3,554 shares of the game software company’s stock worth $376,000 after purchasing an additional 115 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Electronic Arts by 0.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,033 shares of the game software company’s stock worth $2,435,000 after purchasing an additional 166 shares during the last quarter. Finally, Eaton Vance Management raised its position in Electronic Arts by 0.6% during the 2nd quarter. Eaton Vance Management now owns 55,013 shares of the game software company’s stock worth $5,816,000 after purchasing an additional 345 shares during the last quarter. 93.51% of the stock is currently owned by institutional investors.

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About Electronic Arts

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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