Appleton Partners Inc. MA cut its holdings in Electronic Arts Inc. (NASDAQ:EA) by 31.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,710 shares of the game software company’s stock after selling 3,495 shares during the period. Appleton Partners Inc. MA’s holdings in Electronic Arts were worth $810,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. increased its holdings in shares of Electronic Arts by 144.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock worth $157,000 after buying an additional 783 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Electronic Arts by 310.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock worth $149,000 after buying an additional 1,063 shares during the last quarter. Dupont Capital Management Corp bought a new stake in shares of Electronic Arts in the 3rd quarter worth about $183,000. GHP Investment Advisors Inc. bought a new stake in shares of Electronic Arts in the 3rd quarter worth about $202,000. Finally, Texas Yale Capital Corp. bought a new stake in shares of Electronic Arts in the 3rd quarter worth about $205,000. Hedge funds and other institutional investors own 93.51% of the company’s stock.
In other Electronic Arts news, CFO Blake J. Jorgensen sold 10,500 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $112.85, for a total value of $1,184,925.00. Following the completion of the sale, the chief financial officer now directly owns 159,114 shares of the company’s stock, valued at approximately $17,956,014.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $113.60, for a total transaction of $113,600.00. Following the completion of the sale, the senior vice president now directly owns 20,950 shares of the company’s stock, valued at $2,379,920. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,516 shares of company stock valued at $7,357,395. 2.55% of the stock is owned by corporate insiders.
Shares of Electronic Arts Inc. (NASDAQ EA) opened at $113.13 on Friday. The stock has a market cap of $34,930.00, a PE ratio of 29.85, a price-to-earnings-growth ratio of 1.84 and a beta of 0.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38. Electronic Arts Inc. has a 52-week low of $78.89 and a 52-week high of $122.79.
Electronic Arts 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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