AlphaCrest Capital Management LLC decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 57.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,920 shares of the game software company’s stock after selling 3,979 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Electronic Arts were worth $297,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in EA. Penserra Capital Management LLC bought a new stake in shares of Electronic Arts during the 4th quarter worth $28,000. Icon Wealth Partners LLC bought a new stake in shares of Electronic Arts during the 1st quarter worth $28,000. North Star Investment Management Corp. bought a new stake in shares of Electronic Arts during the 1st quarter worth $29,000. Oregon Public Employees Retirement Fund raised its stake in shares of Electronic Arts by 7,694.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,624,704 shares of the game software company’s stock worth $33,000 after purchasing an additional 2,591,032 shares during the period. Finally, Ropes Wealth Advisors LLC bought a new stake in shares of Electronic Arts during the 1st quarter worth $34,000. Hedge funds and other institutional investors own 93.64% of the company’s stock.

A number of brokerages recently issued reports on EA. Barclays set a $102.00 price objective on Electronic Arts and gave the company a “buy” rating in a research note on Wednesday, May 8th. Needham & Company LLC upped their price target on Electronic Arts to $120.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Benchmark reiterated a “buy” rating and set a $129.00 price target (up from $120.00) on shares of Electronic Arts in a research report on Wednesday, May 8th. UBS Group boosted their price objective on Electronic Arts from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, Zacks Investment Research raised Electronic Arts from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have assigned a buy rating to the company. Electronic Arts presently has an average …read more

Source:: Daily Times

      

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Electronic Arts Inc. (NASDAQ:EA) Shares Sold by AlphaCrest Capital Management LLC

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