Cubist Systematic Strategies LLC Sells 34,102 Shares of Electronic Arts Inc. (EA)

Cubist Systematic Strategies LLC trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 26.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,935 shares of the game software company’s stock after selling 34,102 shares during the period. Electronic Arts makes up approximately 0.6% of Cubist Systematic Strategies LLC’s holdings, making the stock its 6th biggest holding. Cubist Systematic Strategies LLC’s holdings in Electronic Arts were worth $11,326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of EA. Bessemer Group Inc. raised its holdings in Electronic Arts by 144.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after buying an additional 783 shares during the period. Tower Research Capital LLC TRC raised its holdings in Electronic Arts by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock valued at $149,000 after buying an additional 1,063 shares during the period. Dupont Capital Management Corp purchased a new stake in Electronic Arts during the 3rd quarter valued at $183,000. GHP Investment Advisors Inc. purchased a new stake in Electronic Arts during the 3rd quarter valued at $202,000. Finally, Texas Yale Capital Corp. purchased a new stake in Electronic Arts during the 3rd quarter valued at $205,000. 93.78% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Andrew Wilson sold 10,058 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $105.76, for a total transaction of $1,063,734.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $120.77, for a total value of $120,770.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,674 shares of company stock worth $7,551,251. Insiders own 2.55% of the company’s stock.

Shares of Electronic Arts Inc. (NASDAQ EA) opened at $105.27 on Monday. 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 52 week low of $77.81 and a 52 week high of $122.79. The firm has a market capitalization of $32,415.31, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 1.73 and a beta of 0.61.

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

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Electronic Arts Company Profile

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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