Electronic Arts Inc. (EA) Holdings Lifted by Advisors Asset Management Inc.
Advisors Asset Management Inc. raised its holdings in Electronic Arts Inc. (NASDAQ:EA) by 10.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,134 shares of the game software company’s stock after acquiring an additional 3,443 shares during the period. Advisors Asset Management Inc.’s holdings in Electronic Arts were worth $4,266,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in EA. Allen Investment Management LLC acquired a new stake in shares of Electronic Arts during the second quarter valued at about $905,000. Delta Lloyd Asset Management N.V. acquired a new position in shares of Electronic Arts in the second quarter worth approximately $3,019,000. Swiss National Bank lifted its stake in shares of Electronic Arts by 5.3% in the second quarter. Swiss National Bank now owns 1,125,555 shares of the game software company’s stock worth $118,994,000 after acquiring an additional 56,300 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Electronic Arts by 65.0% in the second quarter. Janus Henderson Group PLC now owns 1,425,278 shares of the game software company’s stock worth $150,688,000 after acquiring an additional 561,322 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of Electronic Arts by 37.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 11,173 shares of the game software company’s stock worth $1,181,000 after acquiring an additional 3,047 shares during the period. Hedge funds and other institutional investors own 93.59% of the company’s stock.
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A number of equities research analysts have weighed in on EA shares. BidaskClub upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $135.00 target price on shares of Electronic Arts in a report on Thursday, August 31st. Benchmark Co. lifted their target price on Electronic Arts from $136.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. Buckingham Research initiated coverage on Electronic Arts in a report on Wednesday, September 20th. They issued a “buy” rating and a $143.00 target price for the company. Finally, Wedbush set a $136.00 price objective on Electronic Arts and gave the company a “buy” rating in a report on Wednesday, November 1st. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $123.38.
Electronic Arts Inc. (NASDAQ:EA) opened at $107.71 on Wednesday. The firm has a market capitalization of $33,250.00, a PE ratio of 27.67, a price-to-earnings-growth ratio of 1.76 and a beta of 0.65. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.23. Electronic Arts Inc. has a one year low of $73.74 and a one year high of $122.79.
In other news, CFO Blake J. Jorgensen sold 10,000 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $111.94, for a total transaction of $1,119,400.00. Following the transaction, the chief financial officer now directly owns 182,814 shares in the company, valued at approximately $20,464,199.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction dated Wednesday, September 20th. The shares were 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. Insiders sold a total of 122,524 shares of company stock worth $14,538,985 over the last 90 days. Corporate insiders own 2.55% of the company’s stock.
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.
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