Franklin Resources Inc. Has $282.92 Million Position in Electronic Arts Inc. (EA)

Franklin Resources Inc. lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 28.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,348,145 shares of the game software company’s stock after buying an additional 519,708 shares during the quarter. Franklin Resources Inc. owned approximately 0.78% of Electronic Arts worth $282,921,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sun Life Financial INC lifted its stake in shares of Electronic Arts by 389.4% during the 2nd quarter. Sun Life Financial INC now owns 832 shares of the game software company’s stock valued at $117,000 after buying an additional 662 shares in the last quarter. CI Investments Inc. purchased a new stake in Electronic Arts in the 3rd quarter worth $120,000. Massey Quick Simon & CO. LLC lifted its stake in Electronic Arts by 165.4% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 1,083 shares of the game software company’s stock worth $130,000 after purchasing an additional 675 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Electronic Arts in the 3rd quarter worth $134,000. Finally, Bray Capital Advisors purchased a new stake in Electronic Arts in the 3rd quarter worth $157,000. Institutional investors own 96.40% of the company’s stock.

Several brokerages have commented on EA. Zacks Investment Research reiterated a “hold” rating on shares of Electronic Arts in a research note on Tuesday, November 13th. BMO Capital Markets decreased their price target on shares of Electronic Arts from $140.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, November 2nd. Argus decreased their price target on shares of Electronic Arts from $155.00 to $134.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. ValuEngine cut shares of Electronic Arts from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Finally, Morgan Stanley decreased their price target on shares of Electronic Arts from $122.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $134.68.

In related news, CFO Blake J. Jorgensen sold 10,500 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $113.77, for a total transaction of $1,194,585.00. Following the transaction, the chief financial officer now directly owns 125,391 shares in the company, valued at approximately $14,265,734.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura Miele sold 1,250 shares of the company’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $93.83, for a total transaction of $117,287.50. Following the transaction, the insider now owns 10,961 shares in the company, valued at $1,028,470.63. The disclosure for this sale can be found here. Insiders have sold a total of 108,750 shares of company stock worth $12,072,643 over the last quarter. 2.24% of the stock is currently owned by insiders.

Shares of NASDAQ EA opened at $84.07 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.52 and a current ratio of 3.52. The stock has a market cap of $26.10 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 1.49 and a beta of 0.96. Electronic Arts Inc. has a 12-month low of $80.42 and a 12-month high of $151.26.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, October 30th. The game software company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.46. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Electronic Arts had a net margin of 18.76% and a return on equity of 26.01%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 EPS. As a group, sell-side analysts expect that Electronic Arts Inc. will post 3.87 EPS for the current year.

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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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