Comerica Bank lowered its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 14.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,567 shares of the game software company’s stock after selling 14,135 shares during the quarter. Comerica Bank’s holdings in Electronic Arts were worth $7,983,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EA. Massachusetts Financial Services Co. MA grew its position in shares of Electronic Arts by 31.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,697,249 shares of the game software company’s stock worth $1,168,422,000 after purchasing an additional 2,339,158 shares in the last quarter. Egerton Capital UK LLP grew its position in shares of Electronic Arts by 79.8% during the second quarter. Egerton Capital UK LLP now owns 4,041,717 shares of the game software company’s stock worth $569,963,000 after purchasing an additional 1,794,024 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Electronic Arts by 3,732.8% during the second quarter. Advisors Asset Management Inc. now owns 951,463 shares of the game software company’s stock worth $4,094,000 after purchasing an additional 926,639 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of Electronic Arts during the third quarter worth about $66,023,000. Finally, Winslow Capital Management LLC grew its position in shares of Electronic Arts by 18.5% during the second quarter. Winslow Capital Management LLC now owns 2,888,223 shares of the game software company’s stock worth $407,298,000 after purchasing an additional 450,216 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

In related news, Director Lawrence F. Probst III sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $111.34, for a total transaction of $278,350.00. Following the completion of the sale, the director now directly owns 112,338 shares of the company’s stock, valued at approximately $12,507,712.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 29,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $113.13, for a total value of $3,280,770.00. Following the sale, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $2,262,600. The disclosure for this sale can be found here. Insiders have sold a total of 109,750 shares of company stock valued at $12,200,643 over the last three months. 2.24% of the stock is owned by corporate insiders.

NASDAQ:EA opened at $88.89 on Friday. The company has a market capitalization of $28.36 billion, a PE ratio of 23.12, a P/E/G ratio of 1.62 and a beta of 0.96. Electronic Arts Inc. has a 1 year low of $88.22 and a 1 year high of $151.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.52 and a quick ratio of 3.84.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, October 30th. The game software company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.46. Electronic Arts had a return on equity of 26.01% and a net margin of 18.76%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company earned $0.62 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Research analysts expect that Electronic Arts Inc. will post 3.87 EPS for the current fiscal year.

Several research firms have weighed in on EA. Credit Suisse Group cut their price target on Electronic Arts from $127.00 to $126.00 and set an “outperform” rating for the company in a report on Wednesday, October 31st. Morgan Stanley cut their price target on Electronic Arts from $130.00 to $122.00 and set an “equal weight” rating for the company in a report on Friday, August 31st. ValuEngine cut Electronic Arts from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Bank of America cut Electronic Arts from a “buy” rating to a “neutral” rating and cut their price target for the company from $159.00 to $126.00 in a report on Friday, August 31st. They noted that the move was a valuation call. Finally, Wedbush set a $158.00 price target on Electronic Arts and gave the company a “buy” rating in a report on Tuesday, October 23rd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $134.68.

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About Electronic Arts

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.

Further Reading: Calculate Your Return on Investment (ROI)

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

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