Flossbach Von Storch AG Has $175.49 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Flossbach Von Storch AG lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 156.5% during the first quarter, Holdings Channel reports. The firm owned 1,751,941 shares of the game software company’s stock after purchasing an additional 1,069,037 shares during the quarter. Electronic Arts makes up approximately 1.2% of Flossbach Von Storch AG’s portfolio, making the stock its 22nd largest holding. Flossbach Von Storch AG’s holdings in Electronic Arts were worth $175,492,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. State Street Corp raised its position in shares of Electronic Arts by 2.0% during the fourth quarter. State Street Corp now owns 13,268,443 shares of the game software company’s stock worth $1,426,490,000 after purchasing an additional 264,185 shares during the period. Massachusetts Financial Services Co. MA raised its position in Electronic Arts by 8.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,726,772 shares of the game software company’s stock valued at $1,153,235,000 after buying an additional 813,201 shares during the period. Alliancebernstein L.P. raised its position in Electronic Arts by 4.6% during the fourth quarter. Alliancebernstein L.P. now owns 7,268,691 shares of the game software company’s stock valued at $781,457,000 after buying an additional 316,468 shares during the period. Geode Capital Management LLC raised its position in Electronic Arts by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 4,429,036 shares of the game software company’s stock valued at $475,244,000 after buying an additional 58,125 shares during the period. Finally, AQR Capital Management LLC raised its position in Electronic Arts by 17.8% during the fourth quarter. AQR Capital Management LLC now owns 3,305,662 shares of the game software company’s stock valued at $352,913,000 after buying an additional 499,635 shares during the period. 91.28% of the stock is currently owned by institutional investors.

In other news, CMO Chris Bruzzo sold 1,800 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $98.32, for a total value of $176,976.00. Following the completion of the transaction, the chief marketing officer now directly owns 22,326 shares of the company’s stock, valued at approximately $2,195,092.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Vijayanthimala Singh sold 500 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $98.38, for a total value of $49,190.00. Following the completion of the transaction, the insider now directly owns 8,677 shares of the company’s stock, valued at $853,643.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 217,947 shares of company stock valued at $24,794,759. 2.18% of the stock is currently owned by insiders.

Electronic Arts stock traded up $2.46 during trading hours on Friday, hitting $119.82. The stock had a trading volume of 2,271,158 shares, compared to its average volume of 3,386,283. The company has a 50-day moving average of $113.32 and a two-hundred day moving average of $106.36. The company has a quick ratio of 2.84, a current ratio of 2.45 and a debt-to-equity ratio of 0.05. The company has a market cap of $34.00 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 4.18 and a beta of 0.91. Electronic Arts Inc. has a fifty-two week low of $85.69 and a fifty-two week high of $121.76.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, May 5th. The game software company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.73 by $0.36. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Electronic Arts had a return on equity of 16.79% and a net margin of 54.88%. As a group, analysts forecast that Electronic Arts Inc. will post 3.86 EPS for the current fiscal year.

Several research analysts recently weighed in on the company. Wells Fargo & Co assumed coverage on Electronic Arts in a research report on Sunday, April 19th. They set an “equal weight” rating and a $120.00 price target on the stock. ValuEngine downgraded Electronic Arts from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Needham & Company LLC boosted their target price on Electronic Arts from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Berenberg Bank restated a “buy” rating and issued a $125.00 target price on shares of Electronic Arts in a research note on Wednesday, February 5th. Finally, Credit Suisse Group boosted their target price on Electronic Arts from $131.00 to $133.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $122.64.

Electronic Arts Profile

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.

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

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