Koch Industries Inc. purchased a new position in Electronic Arts Inc. (NASDAQ:EA) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,877 shares of the game software company’s stock, valued at approximately $470,000.

Other large investors also recently bought and sold shares of the company. CI Global Investments Inc. grew its holdings in shares of Electronic Arts by 36.7% during the first quarter. CI Global Investments Inc. now owns 640,233 shares of the game software company’s stock valued at $77,622,000 after buying an additional 171,792 shares during the last quarter. Pitcairn Co. grew its holdings in shares of Electronic Arts by 43.5% during the first quarter. Pitcairn Co. now owns 25,642 shares of the game software company’s stock valued at $3,108,000 after buying an additional 7,772 shares during the last quarter. Ontario Teachers Pension Plan Board grew its holdings in shares of Electronic Arts by 50.3% during the first quarter. Ontario Teachers Pension Plan Board now owns 58,268 shares of the game software company’s stock valued at $7,064,000 after buying an additional 19,488 shares during the last quarter. Elite Wealth Management Inc. grew its holdings in shares of Electronic Arts by 5.8% during the first quarter. Elite Wealth Management Inc. now owns 16,609 shares of the game software company’s stock valued at $2,014,000 after buying an additional 914 shares during the last quarter. Finally, State of Tennessee Treasury Department grew its holdings in shares of Electronic Arts by 27.6% during the first quarter. State of Tennessee Treasury Department now owns 101,629 shares of the game software company’s stock valued at $12,322,000 after buying an additional 21,969 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

In other Electronic Arts news, SVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $125.77, for a total value of $125,770.00. Following the sale, the senior vice president now owns 15,692 shares of the company’s stock, valued at $1,973,582.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Blake J. Jorgensen sold 10,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $118.23, for a total transaction of $1,241,415.00. Following the completion of the sale, the chief financial officer now directly owns 117,114 shares in the company, valued at approximately $13,846,388.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 179,142 shares of company stock worth $23,053,206. Insiders own 2.55% of the company’s stock.

Shares of EA stock opened at $139.78 on Wednesday. The stock has a market capitalization of $42.70 billion, a price-to-earnings ratio of 40.63, a P/E/G ratio of 2.18 and a beta of 0.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.41 and a current ratio of 2.41. Electronic Arts Inc. has a 52 week low of $99.63 and a 52 week high of $140.54.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, May 8th. The game software company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.99 by $0.14. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. Electronic Arts had a net margin of 20.25% and a return on equity of 28.51%. research analysts predict that Electronic Arts Inc. will post 4.26 earnings per share for the current year.

EA has been the subject of a number of analyst reports. BidaskClub upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a report on Saturday, May 12th. Vetr upgraded shares of Electronic Arts from a “sell” rating to a “hold” rating and set a $124.90 price objective for the company in a report on Thursday, March 1st. ValuEngine cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. William Blair reiterated an “outperform” rating on shares of Electronic Arts in a report on Friday, April 13th. Finally, Wedbush set a $138.00 price objective on shares of Electronic Arts and gave the company a “buy” rating in a report on Thursday, May 3rd. Four analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $141.00.

About Electronic Arts

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, personal computers, mobile phones, and tablets worldwide. It develops and publishes games primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v. Zombies brands; and license games from others, such as FIFA, Madden NFL, and Star Wars, as well as publishes and distributes games developed by third parties.

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

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