Electronic Arts (EA) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its stake in shares of Electronic Arts (NASDAQ:EA) by 5.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,341,273 shares of the game software company’s stock after selling 73,091 shares during the period. Wells Fargo & Company MN owned about 0.44% of Electronic Arts worth $162,615,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Electronic Arts by 4.4% in the fourth quarter. BlackRock Inc. now owns 21,297,293 shares of the game software company’s stock worth $2,237,493,000 after purchasing an additional 904,557 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Electronic Arts by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 3,249,844 shares of the game software company’s stock worth $340,709,000 after purchasing an additional 102,739 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Electronic Arts by 6.3% in the fourth quarter. American Century Companies Inc. now owns 2,883,283 shares of the game software company’s stock worth $302,918,000 after purchasing an additional 171,179 shares during the last quarter. Brown Advisory Inc. grew its stake in shares of Electronic Arts by 25,746.6% in the fourth quarter. Brown Advisory Inc. now owns 2,096,933 shares of the game software company’s stock worth $220,305,000 after purchasing an additional 2,088,820 shares during the last quarter. Finally, Swedbank grew its stake in shares of Electronic Arts by 5.2% in the fourth quarter. Swedbank now owns 1,944,460 shares of the game software company’s stock worth $204,285,000 after purchasing an additional 95,886 shares during the last quarter. Institutional investors own 94.74% of the company’s stock.

Shares of EA opened at $132.00 on Friday. The company has a current ratio of 2.41, a quick ratio of 1.92 and a debt-to-equity ratio of 0.22. The firm has a market cap of $40.49 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 2.06 and a beta of 0.82. Electronic Arts has a 12 month low of $99.63 and a 12 month high of $134.58.

In related news, SVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $125.37, for a total value of $125,370.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 9,000 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $122.94, for a total transaction of $1,106,460.00. The disclosure for this sale can be found here. Insiders have sold 79,754 shares of company stock worth $9,753,988 in the last quarter. Company insiders own 2.55% of the company’s stock.

Several brokerages recently weighed in on EA. SunTrust Banks set a $140.00 price objective on shares of Electronic Arts and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research raised shares of Electronic Arts from a “sell” rating to a “hold” rating in a research note on Monday, May 14th. BidaskClub raised shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Saturday, May 12th. Barclays reissued a “buy” rating and issued a $139.00 price objective on shares of Electronic Arts in a research note on Wednesday, May 9th. Finally, MKM Partners boosted their price objective on shares of Electronic Arts to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, May 9th. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $139.92.

Electronic Arts Company Profile

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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