AQR Capital Management LLC Sells 74,583 Shares of Electronic Arts Inc. (NASDAQ:EA)

AQR Capital Management LLC trimmed its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 790,523 shares of the game software company's stock after selling 74,583 shares during the period. AQR Capital Management LLC owned 0.30% of Electronic Arts worth $115,654,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Los Angeles Capital Management LLC raised its position in shares of Electronic Arts by 353.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company's stock valued at $185,692,000 after buying an additional 989,319 shares during the period. FMR LLC raised its position in Electronic Arts by 224.8% in the fourth quarter. FMR LLC now owns 1,207,854 shares of the game software company's stock valued at $176,709,000 after purchasing an additional 835,985 shares during the period. Norges Bank acquired a new position in shares of Electronic Arts in the 4th quarter valued at $96,698,000. Capital International Investors grew its holdings in shares of Electronic Arts by 5.2% during the 4th quarter. Capital International Investors now owns 12,156,791 shares of the game software company's stock worth $1,778,553,000 after purchasing an additional 605,796 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Electronic Arts by 591.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 696,861 shares of the game software company's stock worth $101,951,000 after purchasing an additional 596,141 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Insider Buying and Selling

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $145.65, for a total transaction of $218,475.00. Following the sale, the executive vice president now owns 19,033 shares of the company's stock, valued at approximately $2,772,156.45. This represents a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total transaction of $122,030.00. Following the sale, the insider now directly owns 28,216 shares of the company's stock, valued at approximately $3,443,198.48. This trade represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,000 shares of company stock worth $3,178,300 in the last ninety days. 0.22% of the stock is owned by insiders.

Electronic Arts Price Performance

Shares of NASDAQ:EA traded up $6.00 during midday trading on Friday, reaching $151.10. 5,109,190 shares of the company's stock were exchanged, compared to its average volume of 2,683,048. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market capitalization of $39.38 billion, a PE ratio of 38.45, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. The company's 50 day simple moving average is $140.91 and its two-hundred day simple moving average is $144.56.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Equities research analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EA shares. StockNews.com downgraded Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. raised their price objective on shares of Electronic Arts from $125.00 to $135.00 and gave the company a "neutral" rating in a research note on Tuesday, April 22nd. Oppenheimer upped their target price on shares of Electronic Arts from $140.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. DA Davidson began coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 price target for the company. Finally, Roth Mkm reduced their price objective on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a research note on Thursday, January 23rd. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $154.22.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.