Electronic Arts Inc. (EA) Shares Sold by Appleton Partners Inc. MA

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.

A number of research firms have recently weighed in on EA. Vetr downgraded shares of Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 target price on the stock. in a report on Monday, December 18th. Buckingham Research set a $143.00 price target on shares of Electronic Arts and gave the company a “buy” rating in a report on Sunday, November 19th. Zacks Investment Research downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Needham & Company LLC reiterated a “buy” rating and set a $130.00 price target on shares of Electronic Arts in a report on Friday, October 13th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $128.00 price target (up from $126.00) on shares of Electronic Arts in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have issued a buy rating to the company. Electronic Arts presently has an average rating of “Buy” and a consensus target price of $122.26.

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.

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

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