Electronic Arts Inc. (EA) Position Boosted by FUKOKU MUTUAL LIFE INSURANCE Co

FUKOKU MUTUAL LIFE INSURANCE Co increased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 57.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,300 shares of the game software company’s stock after buying an additional 1,200 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Electronic Arts were worth $260,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Sumitomo Mitsui Asset Management Company LTD raised its stake in Electronic Arts by 1.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 23,508 shares of the game software company’s stock worth $1,780,000 after buying an additional 333 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management raised its stake 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 last quarter. BB&T Corp raised its stake in Electronic Arts by 304.8% in the second quarter. BB&T Corp now owns 81,000 shares of the game software company’s stock worth $6,136,000 after buying an additional 60,988 shares during the last quarter. South Texas Money Management Ltd. acquired a new stake in Electronic Arts during the second quarter worth $13,066,000. Finally, Mizuho Trust & Banking Co. Ltd. raised its stake in Electronic Arts by 0.9% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 495,308 shares of the game software company’s stock worth $37,525,000 after buying an additional 4,651 shares during the last quarter.

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

Electronic Arts Inc. (NASDAQ:EA) traded up 3.50% during trading on Friday, hitting $86.17. 6,561,736 shares of the stock traded hands. Electronic Arts Inc. has a 52-week low of $58.10 and a 52-week high of $86.66. The company’s 50 day moving average price is $80.97 and its 200-day moving average price is $80.73. The stock has a market cap of $26.56 billion, a P/E ratio of 20.92 and a beta of 0.65.

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A number of research firms have recently weighed in on EA. Zacks Investment Research upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Monday, February 6th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $94.00 price objective on shares of Electronic Arts in a research note on Thursday, February 2nd. Benchmark Co. reiterated a “buy” rating and issued a $105.16 price objective (up previously from $101.94) on shares of Electronic Arts in a research note on Wednesday, February 1st. Macquarie reiterated an “outperform” rating and issued a $88.00 price objective on shares of Electronic Arts in a research note on Wednesday, February 1st. Finally, Jefferies Group LLC increased their price objective on shares of Electronic Arts from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $89.46.

In other news, CEO Andrew Wilson sold 8,000 shares of the company’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $77.18, for a total transaction of $617,440.00. Following the transaction, the chief executive officer now directly owns 222,706 shares of the company’s stock, valued at approximately $17,188,449.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Samantha S. Smith sold 2,721 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $76.78, for a total transaction of $208,918.38. The disclosure for this sale can be found here. Insiders sold a total of 97,548 shares of company stock worth $7,751,553 over the last three months. 3.46% of the stock is currently owned by corporate insiders.

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.

5 Day Chart for NASDAQ:EA

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