Electronic Arts Inc. (EA) Shares Sold by WINTON GROUP Ltd

Electronic Arts Inc. (EA) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd decreased its stake in Electronic Arts Inc. (NASDAQ:EA) by 18.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 432,019 shares of the game software company’s stock after selling 100,488 shares during the period. WINTON GROUP Ltd owned 0.14% of Electronic Arts worth $36,894,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in EA. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Electronic Arts by 1.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 23,508 shares of the game software company’s stock valued at $1,780,000 after buying an additional 333 shares during the period. Gerber Kawasaki Wealth & Investment Management increased its stake in Electronic Arts by 1.4% in the second quarter. Gerber Kawasaki Wealth & Investment Management now owns 7,693 shares of the game software company’s stock worth $582,000 after buying an additional 108 shares during the period. BB&T Corp increased its stake in Electronic Arts by 304.8% in the second quarter. BB&T Corp now owns 81,000 shares of the game software company’s stock worth $6,136,000 after buying an additional 60,988 shares during the period. South Texas Money Management Ltd. acquired a new stake in Electronic Arts during the second quarter worth about $13,066,000. Finally, Mizuho Trust & Banking Co. Ltd. increased its stake in Electronic Arts by 0.9% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 495,308 shares of the game software company’s stock worth $37,525,000 after buying an additional 4,651 shares during the period.

Electronic Arts Inc. (NASDAQ:EA) opened at 81.28 on Friday. Electronic Arts Inc. has a 52 week low of $53.01 and a 52 week high of $86.07. The firm’s 50-day moving average price is $80.46 and its 200 day moving average price is $80.50. The firm has a market cap of $24.63 billion, a P/E ratio of 19.73 and a beta of 0.65.

A number of research firms have recently issued reports on EA. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $94.00 price objective on shares of Electronic Arts in a report on Thursday. Benchmark Co. reiterated a “buy” rating and issued a $105.16 price objective (up from $101.94) on shares of Electronic Arts in a report on Wednesday. Macquarie reiterated an “outperform” rating and issued a $88.00 price objective on shares of Electronic Arts in a report on Wednesday. Jefferies Group LLC lifted their price objective on shares of Electronic Arts from $105.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Mizuho lifted their price objective on shares of Electronic Arts from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $89.30.

In other news, SVP Samantha S. Smith sold 2,721 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $76.78, for a total transaction of $208,918.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 8,000 shares of the stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $77.18, for a total value of $617,440.00. Following the transaction, the chief executive officer now owns 222,706 shares of the company’s stock, valued at approximately $17,188,449.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,418 shares of company stock valued at $5,938,978. Insiders own 3.46% of the company’s stock.

About Electronic Arts

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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