2,103 Shares in Electronic Arts Inc. (EA) Acquired by Campbell & CO Investment Adviser LLC
Campbell & CO Investment Adviser LLC bought a new stake in Electronic Arts Inc. (NASDAQ:EA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,103 shares of the game software company’s stock, valued at approximately $248,000.
Other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. grew its holdings in Electronic Arts by 144.5% in the third quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after purchasing an additional 783 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Electronic Arts by 310.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock valued at $149,000 after acquiring an additional 1,063 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Electronic Arts in the third quarter valued at $183,000. GHP Investment Advisors Inc. purchased a new stake in shares of Electronic Arts in the third quarter valued at $202,000. Finally, Texas Yale Capital Corp. purchased a new stake in shares of Electronic Arts in the third quarter valued at $205,000. 93.79% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on the company. Vetr downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price objective on the stock. in a research report on Wednesday. Morgan Stanley restated an “overweight” rating and issued a $128.00 price objective (up from $126.00) on shares of Electronic Arts in a research report on Monday, October 2nd. Barclays assumed coverage on Electronic Arts in a research report on Wednesday, October 4th. They issued an “overweight” rating and a $129.00 price objective on the stock. KeyCorp restated a “buy” rating and issued a $134.00 price objective on shares of Electronic Arts in a research report on Friday, August 25th. Finally, Buckingham Research assumed coverage on Electronic Arts in a research report on Wednesday, September 20th. They issued a “buy” rating and a $143.00 price objective on the stock. Five analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Electronic Arts presently has a consensus rating of “Buy” and an average target price of $123.26.
Electronic Arts Inc. (NASDAQ:EA) opened at $106.02 on Friday. Electronic Arts Inc. has a 12-month low of $73.74 and a 12-month high of $122.79. The firm has a market capitalization of $32,747.87, a PE ratio of 27.34, a P/E/G ratio of 1.75 and a beta of 0.62. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.38 and a current ratio of 2.38.
In related news, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $120.77, for a total transaction of $120,770.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 10,058 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $118.04, for a total value of $1,187,246.32. The disclosure for this sale can be found here. Insiders have sold 56,116 shares of company stock worth $6,497,517 over the last quarter. 2.55% of the stock is currently owned by company insiders.
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About Electronic Arts
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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