Pacer Advisors Inc. increased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 13.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,198 shares of the game software company’s stock after buying an additional 1,353 shares during the period. Pacer Advisors Inc.’s holdings in Electronic Arts were worth $1,322,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in Electronic Arts by 310.8% during 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 purchasing an additional 1,063 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Electronic Arts by 144.5% during 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 in the last quarter. Dupont Capital Management Corp purchased a new position in Electronic Arts during the third quarter valued at $183,000. Captrust Financial Advisors purchased a new position in Electronic Arts during the second quarter valued at $195,000. Finally, GHP Investment Advisors Inc. purchased a new position in Electronic Arts during the third quarter valued at $202,000. 93.59% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have issued reports on EA. BidaskClub raised shares of 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 research report on Thursday, August 31st. Benchmark Co. increased their target price on shares of Electronic Arts from $136.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, September 13th. Buckingham Research initiated coverage on shares of Electronic Arts in a research 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 target price on shares of Electronic Arts and gave the company a “buy” rating in a research report on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $123.38.
Shares of Electronic Arts Inc. (NASDAQ:EA) traded down $0.53 during trading on Wednesday, hitting $107.18. 654,407 shares of the stock were exchanged, compared to its average volume of 2,893,545. The firm has a market cap 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. Electronic Arts Inc. has a fifty-two week low of $73.74 and a fifty-two week high of $122.79. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.23.
In other Electronic Arts news, CFO Blake J. Jorgensen sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $111.94, for a total value of $1,119,400.00. Following the transaction, the chief financial officer now directly owns 182,814 shares of the company’s stock, valued at approximately $20,464,199.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew Wilson sold 10,058 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $113.81, for a total transaction of $1,144,700.98. 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 ninety days. Corporate insiders own 2.55% of the company’s stock.
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.
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