Claraphi Advisory Network LLC acquired a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,877 shares of the game software company’s stock, valued at approximately $347,000.

Other institutional investors have also recently made changes to their positions in the company. Xact Kapitalforvaltning AB increased its holdings in Electronic Arts by 0.7% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 56,992 shares of the game software company’s stock worth $8,037,000 after buying an additional 371 shares in the last quarter. Motley Fool Asset Management LLC increased its holdings in Electronic Arts by 13.8% in the 2nd quarter. Motley Fool Asset Management LLC now owns 3,286 shares of the game software company’s stock worth $463,000 after buying an additional 399 shares in the last quarter. Braun Stacey Associates Inc. increased its holdings in Electronic Arts by 0.4% in the 2nd quarter. Braun Stacey Associates Inc. now owns 102,837 shares of the game software company’s stock worth $14,502,000 after buying an additional 460 shares in the last quarter. Kaizen Advisory LLC increased its holdings in Electronic Arts by 159.5% in the 2nd quarter. Kaizen Advisory LLC now owns 763 shares of the game software company’s stock worth $108,000 after buying an additional 469 shares in the last quarter. Finally, State Treasurer State of Michigan increased its holdings in Electronic Arts by 0.6% in the 2nd quarter. State Treasurer State of Michigan now owns 90,806 shares of the game software company’s stock worth $12,805,000 after buying an additional 500 shares in the last quarter. 96.40% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the company. BidaskClub downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Credit Suisse Group lifted their price objective on Electronic Arts from $143.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, July 25th. Argus upgraded Electronic Arts from a “hold” rating to a “buy” rating in a report on Wednesday, August 1st. Wedbush reiterated an “outperform” rating and set a $158.00 price objective on shares of Electronic Arts in a research note on Tuesday, July 31st. Finally, Stifel Nicolaus boosted their price objective on Electronic Arts from $157.00 to $159.00 and gave the company a “$146.56” rating in a research note on Monday, July 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Electronic Arts currently has an average rating of “Buy” and a consensus target price of $134.68.

In other news, insider Chris Bruzzo sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $117.56, for a total transaction of $352,680.00. Following the sale, the insider now directly owns 54,676 shares of the company’s stock, valued at approximately $6,427,710.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Blake J. Jorgensen sold 10,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $92.79, for a total value of $974,295.00. Following the sale, the chief financial officer now directly owns 104,391 shares in the company, valued at $9,686,440.89. The disclosure for this sale can be found here. Over the last three months, insiders sold 108,750 shares of company stock worth $12,072,643. 2.24% of the stock is owned by insiders.

NASDAQ EA opened at $83.04 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.52 and a current ratio of 3.52. Electronic Arts Inc. has a 12 month low of $82.72 and a 12 month high of $151.26. The company has a market capitalization of $25.97 billion, a P/E ratio of 24.14, a price-to-earnings-growth ratio of 1.48 and a beta of 0.96.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, October 30th. The game software company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.46. Electronic Arts had a return on equity of 26.01% and a net margin of 18.76%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the firm earned $0.62 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts forecast that Electronic Arts Inc. will post 3.87 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This article was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this article can be viewed at https://www.dailypolitical.com/2018/11/20/2877-shares-in-electronic-arts-inc-ea-acquired-by-claraphi-advisory-network-llc.html.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

Further Reading: How to calculate the intrinsic value of a stock

Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.