Russell Investments Group Ltd. lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 63.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 485,501 shares of the game software company’s stock after purchasing an additional 187,565 shares during the period. Russell Investments Group Ltd. owned about 0.16% of Electronic Arts worth $57,317,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of EA. Bessemer Group Inc. raised its holdings in shares of Electronic Arts by 144.5% during the third quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after buying an additional 783 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Electronic Arts by 310.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock valued at $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 during the third quarter valued at approximately $183,000. GHP Investment Advisors Inc. bought a new stake in shares of Electronic Arts during the third quarter valued at approximately $202,000. Finally, Ray Gerald L & Associates Ltd. bought a new stake in shares of Electronic Arts during the third quarter valued at approximately $208,000. 94.56% of the stock is currently owned by institutional investors and hedge funds.

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Electronic Arts Inc. (EA) traded down $2.78 during trading hours on Friday, hitting $108.82. 8,560,000 shares of the stock traded hands, compared to its average volume of 3,250,000. Electronic Arts Inc. has a one year low of $73.74 and a one year high of $122.79. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.38 and a current ratio of 2.38. The company has a market cap of $33,600.00, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 1.84 and a beta of 0.65.

EA has been the topic of a number of recent analyst reports. Zacks Investment Research raised Electronic Arts from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Friday, October 27th. KeyCorp reiterated a “buy” rating and set a $134.00 price objective on shares of Electronic Arts in a research note on Friday, August 25th. Jefferies Group LLC reiterated a “buy” rating and set a $135.00 price objective on shares of Electronic Arts in a research note on Thursday, August 31st. Barclays PLC initiated coverage on shares of Electronic Arts in a research note on Wednesday, October 4th. They set an “overweight” rating and a $129.00 price objective on the stock. Finally, Bank of America Corporation upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $131.00 price objective on the stock in a research note on Wednesday, July 26th. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $123.38.

In related news, CEO Andrew Wilson sold 10,058 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $119.56, for a total value of $1,202,534.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $120.77, for a total transaction of $120,770.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,524 shares of company stock worth $14,538,985. Insiders own 2.55% of the company’s stock.

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

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