HAP Trading LLC bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 15,425 shares of the game software company’s stock, valued at approximately $1,821,000.

Several other institutional investors also recently added to or reduced their stakes in EA. Renaissance Technologies LLC increased its stake in Electronic Arts by 928.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock valued at $273,399,000 after purchasing an additional 2,334,600 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Electronic Arts during the 3rd quarter valued at $148,789,000. Arrowstreet Capital Limited Partnership increased its stake in Electronic Arts by 145.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,208,784 shares of the game software company’s stock valued at $127,793,000 after purchasing an additional 715,862 shares in the last quarter. Janus Henderson Group PLC increased its stake in Electronic Arts by 65.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,425,278 shares of the game software company’s stock valued at $150,688,000 after purchasing an additional 561,322 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Electronic Arts by 103.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,012,999 shares of the game software company’s stock valued at $107,094,000 after purchasing an additional 515,608 shares in the last quarter. Institutional investors own 94.56% of the company’s stock.

In related news, Director Lawrence F. Probst III sold 55,850 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $121.18, for a total value of $6,767,903.00. Following the transaction, the director now directly owns 171,123 shares in the company, valued at $20,736,685.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 10,058 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $119.56, for a total transaction of $1,202,534.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 122,524 shares of company stock worth $14,538,985. Insiders own 2.55% of the company’s stock.

Shares of Electronic Arts Inc. (NASDAQ EA) traded up $0.12 during trading on Friday, hitting $111.60. 2,445,800 shares of the stock were exchanged, compared to its average volume of 2,852,333. Electronic Arts Inc. has a 52-week low of $73.74 and a 52-week high of $122.79. The stock has a market capitalization of $33,770.00, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 1.82 and a beta of 0.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.38 and a current ratio of 2.38.

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EA has been the subject of several recent analyst reports. BidaskClub upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Bank of America Corporation upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $131.00 target price for the company in a research note on Wednesday, July 26th. Jefferies Group LLC reiterated a “buy” rating and issued a $135.00 target price (up previously from $123.00) on shares of Electronic Arts in a research note on Friday, July 28th. Wedbush reiterated a “buy” rating on shares of Electronic Arts in a research note on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. set a $130.00 target price on shares of Electronic Arts and gave the stock a “buy” rating in a research note on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $123.38.

Electronic Arts 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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