MUFG Americas Holdings Corp lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 20.4% during the fourth quarter, Holdings Channel reports. The firm owned 6,800 shares of the game software company’s stock after selling 1,741 shares during the period. MUFG Americas Holdings Corp’s holdings in Electronic Arts were worth $536,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in EA. Sumitomo Mitsui Asset Management Company LTD increased 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 valued at $1,780,000 after buying an additional 333 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management increased 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 valued at $582,000 after buying an additional 108 shares during the last quarter. BB&T Corp increased 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 valued at $6,136,000 after buying an additional 60,988 shares during the last quarter. South Texas Money Management Ltd. bought a new stake in Electronic Arts during the second quarter valued at $13,066,000. Finally, Mizuho Trust & Banking Co. Ltd. increased 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 valued at $37,525,000 after buying an additional 4,651 shares during the last quarter.
Shares of Electronic Arts Inc. (NASDAQ:EA) traded up 0.91% during midday trading on Monday, reaching $86.95. The company’s stock had a trading volume of 3,227,977 shares. The company has a 50-day moving average price of $80.97 and a 200-day moving average price of $80.73. The firm has a market cap of $26.80 billion, a price-to-earnings ratio of 21.11 and a beta of 0.65. Electronic Arts Inc. has a 12 month low of $57.32 and a 12 month high of $87.49.
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Several equities research analysts recently weighed in on EA shares. Zacks Investment Research downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Tuesday, January 17th. Wedbush set a $95.00 price target on shares of Electronic Arts and gave the company a “buy” rating in a report on Wednesday, November 2nd. Mizuho reissued an “outperform” rating and issued a $92.00 price target on shares of Electronic Arts in a report on Monday, January 30th. Robert W. Baird reissued an “outperform” rating and issued a $91.00 price target (up from $83.00) on shares of Electronic Arts in a report on Wednesday, November 2nd. Finally, Vetr downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $81.97 price target for the company. in a report on Monday, November 28th. 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 has an average rating of “Buy” and an average target price of $89.46.
In other news, CFO Blake J. Jorgensen sold 10,100 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $78.58, for a total transaction of $793,658.00. Following the completion of the sale, the chief financial officer now directly owns 93,210 shares in the company, valued at approximately $7,324,441.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard A. Simonson bought 6,575 shares of the business’s stock in a transaction dated Friday, November 18th. The shares were bought at an average price of $78.06 per share, with a total value of $513,244.50. Following the completion of the transaction, the director now owns 30,456 shares in the company, valued at approximately $2,377,395.36. The disclosure for this purchase can be found here. Insiders sold a total of 94,827 shares of company stock valued at $7,542,634 over the last 90 days. 3.46% of the stock is currently 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.
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