Pendal Group Ltd boosted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 64.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,928 shares of the game software company’s stock after acquiring an additional 30,241 shares during the quarter. Pendal Group Ltd’s holdings in Electronic Arts were worth $7,790,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Icon Wealth Partners LLC acquired a new stake in shares of Electronic Arts during the 1st quarter worth about $28,000. Valeo Financial Advisors LLC acquired a new stake in shares of Electronic Arts during the 2nd quarter worth about $28,000. Ropes Wealth Advisors LLC acquired a new stake in shares of Electronic Arts during the 1st quarter worth about $34,000. Berman Capital Advisors LLC raised its position in shares of Electronic Arts by 70.6% during the 1st quarter. Berman Capital Advisors LLC now owns 343 shares of the game software company’s stock worth $34,000 after acquiring an additional 142 shares in the last quarter. Finally, Cornerstone Advisors Inc. raised its position in shares of Electronic Arts by 86.6% during the 1st quarter. Cornerstone Advisors Inc. now owns 349 shares of the game software company’s stock worth $35,000 after acquiring an additional 162 shares in the last quarter. Institutional investors own 94.13% of the company’s stock.

A number of research firms have recently issued reports on EA. UBS Group boosted their target price on Electronic Arts from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Needham & Company LLC boosted their target price on Electronic Arts to $120.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Nomura began coverage on Electronic Arts in a report on Thursday, June 6th. They issued a “buy” rating and a $120.00 target price on the stock. BidaskClub lowered Electronic Arts from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Finally, Atlantic Securities upgraded Electronic Arts from a “neutral” rating to an “overweight” rating in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. Electronic Arts currently has a consensus rating of “Buy” and a consensus target price of $113.10.

Electronic Arts stock traded up $1.03 during trading on Tuesday, hitting $92.80. The company’s stock had a trading volume of 190,507 shares, compared to its average volume of 4,195,465. The stock has a market capitalization of $27.10 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 2.08 and a beta of 1.01. The stock has a fifty day moving average price of $92.93. Electronic Arts Inc. has a 1-year low of $73.91 and a 1-year high of $133.65. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.52 and a quick ratio of 3.52.

In other Electronic Arts news, Director Luis A. Ubinas sold 3,389 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $89.23, for a total transaction of $302,400.47. Following the completion of the sale, the director now directly owns 306 shares in the company, valued at $27,304.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Matthew Bilbey sold 600 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $102.65, for a total value of $61,590.00. Following the sale, the executive vice president now owns 10,773 shares of the company’s stock, valued at $1,105,848.45. The disclosure for this sale can be found here. Insiders sold 103,468 shares of company stock valued at $10,069,840 over the last quarter. Insiders own 2.18% of the company’s stock.

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.

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

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