12,944 Shares in Electronic Arts Inc. (EA) Purchased by Montag A & Associates Inc.

Montag A & Associates Inc. acquired a new position in Electronic Arts Inc. (NASDAQ:EA) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 12,944 shares of the game software company’s stock, valued at approximately $1,315,000.

A number of other hedge funds have also recently modified their holdings of EA. Alps Advisors Inc. bought a new stake in shares of Electronic Arts during the 1st quarter valued at about $507,000. Intermede Investment Partners Ltd grew its position in shares of Electronic Arts by 13.8% during the 1st quarter. Intermede Investment Partners Ltd now owns 563,986 shares of the game software company’s stock valued at $57,318,000 after buying an additional 68,323 shares during the last quarter. Emerald Advisers LLC bought a new stake in shares of Electronic Arts during the 1st quarter valued at about $407,000. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Electronic Arts by 8.8% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 83,432 shares of the game software company’s stock valued at $8,479,000 after buying an additional 6,757 shares during the last quarter. Finally, Accuvest Global Advisors grew its position in shares of Electronic Arts by 202.7% during the 1st quarter. Accuvest Global Advisors now owns 11,199 shares of the game software company’s stock valued at $1,138,000 after buying an additional 7,499 shares during the last quarter. Hedge funds and other institutional investors own 92.86% of the company’s stock.

In related news, insider Chris Bruzzo sold 12,000 shares of the stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $102.11, for a total transaction of $1,225,320.00. Following the completion of the sale, the insider now directly owns 41,076 shares of the company’s stock, valued at $4,194,270.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 9,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $96.57, for a total transaction of $869,130.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,500 shares of company stock valued at $8,306,070. Company insiders own 2.24% of the company’s stock.

EA has been the subject of a number of analyst reports. MKM Partners reissued a “neutral” rating and set a $100.00 target price (up from $92.00) on shares of Electronic Arts in a research note on Friday. They noted that the move was a valuation call. Zacks Investment Research raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research note on Tuesday, April 9th. SunTrust Banks set a $107.00 target price on shares of Electronic Arts and gave the company a “buy” rating in a research note on Monday, April 8th. BidaskClub lowered shares of Electronic Arts from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $114.00 target price (up from $111.00) on shares of Electronic Arts in a research note on Wednesday, April 3rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $110.04.

Shares of NASDAQ:EA opened at $93.76 on Tuesday. The company has a market capitalization of $27.71 billion, a PE ratio of 27.26, a P/E/G ratio of 1.53 and a beta of 1.12. Electronic Arts Inc. has a twelve month low of $73.91 and a twelve month high of $151.26. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 0.19.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 5th. The game software company reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.75 billion. Electronic Arts had a net margin of 26.77% and a return on equity of 23.21%. The business’s revenue for the quarter was down 18.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.60) EPS. Equities analysts forecast that Electronic Arts Inc. will post 3.18 earnings per share for the current year.

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Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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

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