Brown Advisory Inc. Acquires 5,293 Shares of Electronic Arts Inc. (EA)

Brown Advisory Inc. grew its holdings in Electronic Arts Inc. (NASDAQ:EA) by 187.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,113 shares of the game software company’s stock after acquiring an additional 5,293 shares during the period. Brown Advisory Inc.’s holdings in Electronic Arts were worth $958,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Electronic Arts by 0.7% in the 2nd quarter. FMR LLC now owns 30,692,180 shares of the game software company’s stock valued at $3,244,778,000 after purchasing an additional 205,768 shares during the period. Bank of New York Mellon Corp raised its position in Electronic Arts by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 4,203,946 shares of the game software company’s stock worth $496,317,000 after acquiring an additional 25,397 shares during the period. Northern Trust Corp raised its position in Electronic Arts by 1.2% during the second quarter. Northern Trust Corp now owns 3,431,740 shares of the game software company’s stock worth $362,804,000 after acquiring an additional 40,722 shares during the period. American Century Companies Inc. raised its position in Electronic Arts by 7.8% during the third quarter. American Century Companies Inc. now owns 2,712,104 shares of the game software company’s stock worth $320,191,000 after acquiring an additional 196,228 shares during the period. Finally, Renaissance Technologies LLC raised its position in Electronic Arts by 928.4% during the second quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock worth $273,399,000 after acquiring an additional 2,334,600 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of Electronic Arts Inc. (NASDAQ EA) opened at $105.27 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38. Electronic Arts Inc. has a 1-year low of $77.81 and a 1-year high of $122.79. The stock has a market cap of $32,620.00, a PE ratio of 26.52, a P/E/G ratio of 1.70 and a beta of 0.61.

In other Electronic Arts news, SVP Jacob J. Schatz sold 1,000 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Chris Bruzzo sold 1,500 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $118.10, for a total transaction of $177,150.00. The disclosure for this sale can be found here. Insiders sold 67,674 shares of company stock valued at $7,551,251 in the last three months. 2.55% of the stock is currently owned by insiders.

A number of research firms have weighed in on EA. Cowen restated a “hold” rating and set a $106.00 price objective on shares of Electronic Arts in a research report on Friday, September 8th. Morgan Stanley restated an “overweight” rating and set a $128.00 price objective (up from $126.00) on shares of Electronic Arts in a research report on Monday, October 2nd. Needham & Company LLC restated a “buy” rating and set a $130.00 price objective on shares of Electronic Arts in a research report on Friday, October 13th. Robert W. Baird restated a “buy” rating and set a $130.00 price objective on shares of Electronic Arts in a research report on Wednesday, November 1st. Finally, Zacks Investment Research cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Five analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $123.26.

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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.

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

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