Electronic Arts Inc. (EA) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC raised its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 6.1% during the 4th quarter, Holdings Channel reports. The firm owned 39,740 shares of the game software company’s stock after buying an additional 2,294 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Electronic Arts were worth $4,175,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Cerebellum GP LLC purchased a new stake in shares of Electronic Arts in the fourth quarter worth about $129,000. First Bank & Trust purchased a new stake in shares of Electronic Arts in the fourth quarter worth about $134,000. Exane Derivatives purchased a new stake in shares of Electronic Arts in the fourth quarter worth about $142,000. Tower Research Capital LLC TRC boosted its stake in shares of Electronic Arts by 310.8% in the second 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. Finally, Bessemer Group Inc. boosted its stake in shares of Electronic Arts by 144.5% in the third 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. Institutional investors and hedge funds own 92.63% of the company’s stock.

A number of analysts have recently commented on the company. Morgan Stanley upped their target price on Electronic Arts from $120.00 to $126.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Vetr upgraded Electronic Arts from a “strong sell” rating to a “sell” rating and set a $117.32 price target on the stock in a research report on Thursday, February 1st. Jefferies Group reiterated a “buy” rating and set a $150.00 price target on shares of Electronic Arts in a research report on Wednesday, January 31st. Piper Jaffray Companies reiterated a “buy” rating and set a $145.00 price target on shares of Electronic Arts in a research report on Wednesday, January 31st. Finally, Wedbush reiterated a “buy” rating and set a $138.00 price target on shares of Electronic Arts in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $130.34.

In related news, SVP Vijayanthimala Singh sold 200 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $126.75, for a total value of $25,350.00. Following the completion of the transaction, the senior vice president now directly owns 4,528 shares in the company, valued at $573,924. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $108.28, for a total value of $108,280.00. Following the completion of the transaction, the senior vice president now owns 19,950 shares of the company’s stock, valued at $2,160,186. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,658 shares of company stock valued at $6,297,859. Insiders own 2.55% of the company’s stock.

Shares of Electronic Arts Inc. (EA) opened at $123.05 on Thursday. Electronic Arts Inc. has a fifty-two week low of $81.27 and a fifty-two week high of $131.01. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.92 and a quick ratio of 2.38. The company has a market capitalization of $37,767.42, a P/E ratio of 35.18, a P/E/G ratio of 2.24 and a beta of 0.73.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, January 30th. The game software company reported $2.06 EPS for the quarter, beating the consensus estimate of $2.03 by $0.03. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.02 billion. research analysts forecast that Electronic Arts Inc. will post 3.66 EPS for the current year.

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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.

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

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