Cleararc Capital Inc. Decreases Stake in Electronic Arts Inc. (EA)

Cleararc Capital Inc. lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 0.4% during the fourth quarter, Holdings Channel reports. The fund owned 7,334 shares of the game software company’s stock after selling 32 shares during the period. Cleararc Capital Inc.’s holdings in Electronic Arts were worth $578,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Stratos Wealth Partners LTD. raised its stake in shares of Electronic Arts by 0.9% in the third quarter. Stratos Wealth Partners LTD. now owns 2,684 shares of the game software company’s stock valued at $229,000 after buying an additional 23 shares during the period. Municipal Employees Retirement System of Michigan raised its position in Electronic Arts by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 9,540 shares of the game software company’s stock worth $815,000 after buying an additional 30 shares during the period. Profund Advisors LLC raised its position in Electronic Arts by 0.4% in the third quarter. Profund Advisors LLC now owns 23,055 shares of the game software company’s stock worth $1,969,000 after buying an additional 95 shares during the period. Gerber Kawasaki Wealth & Investment Management raised its position in Electronic Arts by 1.4% in the second quarter. Gerber Kawasaki Wealth & Investment Management now owns 7,693 shares of the game software company’s stock worth $582,000 after buying an additional 108 shares during the period. Finally, Conning Inc. raised its position in Electronic Arts by 1.9% in the third quarter. Conning Inc. now owns 7,591 shares of the game software company’s stock worth $648,000 after buying an additional 140 shares during the period.

Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

Shares of Electronic Arts Inc. (NASDAQ:EA) traded down 0.21% on Tuesday, reaching $86.14. 1,076,357 shares of the company traded hands. The firm has a 50-day moving average price of $81.14 and a 200 day moving average price of $80.86. Electronic Arts Inc. has a one year low of $57.32 and a one year high of $87.49. The company has a market capitalization of $26.55 billion, a PE ratio of 20.91 and a beta of 0.65.

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A number of equities analysts have commented on the stock. Benchmark Co. boosted their price target on shares of Electronic Arts from $101.25 to $101.94 and gave the company a “buy” rating in a research report on Thursday, December 8th. Vetr lowered shares of Electronic Arts from a “hold” rating to a “sell” rating and set a $73.10 price target on the stock. in a research report on Monday, December 5th. Mizuho restated an “outperform” rating and issued a $92.00 price target on shares of Electronic Arts in a research report on Monday, January 30th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $94.00 price target on shares of Electronic Arts in a research report on Thursday, February 2nd. Finally, Barclays PLC restated an “overweight” rating and issued a $94.00 price target (up from $88.00) on shares of Electronic Arts in a research report on Thursday, November 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. Electronic Arts currently has an average rating of “Buy” and a consensus price target of $89.46.

In other Electronic Arts news, CEO Andrew Wilson sold 8,000 shares of the firm’s stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $77.18, for a total value of $617,440.00. Following the transaction, the chief executive officer now directly owns 222,706 shares of the company’s stock, valued at $17,188,449.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Blake J. Jorgensen sold 12,130 shares of the firm’s stock in a transaction dated Tuesday, January 10th. The stock was sold at an average price of $78.35, for a total value of $950,385.50. Following the completion of the transaction, the chief financial officer now directly owns 105,028 shares in the company, valued at $8,228,943.80. The disclosure for this sale can be found here. Insiders sold a total of 99,827 shares of company stock valued at $7,967,634 over the last quarter. 3.46% of the stock is owned by corporate insiders.

Electronic Arts Company Profile

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.

5 Day Chart for NASDAQ:EA

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