Vaughan Nelson Investment Management L.P. bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 463,060 shares of the game software company’s stock, valued at approximately $55,793,000.
A number of other institutional investors also recently bought and sold shares of EA. Kaizen Advisory LLC boosted its position in Electronic Arts by 159.5% during the second quarter. Kaizen Advisory LLC now owns 763 shares of the game software company’s stock worth $108,000 after purchasing an additional 469 shares in the last quarter. Sun Life Financial INC boosted its position in Electronic Arts by 389.4% during the second quarter. Sun Life Financial INC now owns 832 shares of the game software company’s stock worth $117,000 after purchasing an additional 662 shares in the last quarter. CI Investments Inc. purchased a new position in Electronic Arts during the third quarter worth approximately $120,000. Massey Quick Simon & CO. LLC boosted its position in Electronic Arts by 165.4% during the third quarter. Massey Quick Simon & CO. LLC now owns 1,083 shares of the game software company’s stock worth $130,000 after purchasing an additional 675 shares in the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new position in Electronic Arts during the third quarter worth approximately $134,000. 96.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Electronic Arts stock opened at $82.67 on Friday. Electronic Arts Inc. has a one year low of $80.42 and a one year high of $151.26. The company has a market cap of $24.98 billion, a P/E ratio of 24.03, a P/E/G ratio of 1.42 and a beta of 0.96. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.19.
Several research firms have recently weighed in on EA. Zacks Investment Research downgraded Electronic Arts from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. Barclays set a $132.00 target price on Electronic Arts and gave the company a “buy” rating in a research report on Wednesday, September 5th. Piper Jaffray Companies decreased their target price on Electronic Arts from $165.00 to $148.00 and set an “overweight” rating on the stock in a research report on Thursday, August 30th. BidaskClub upgraded Electronic Arts from a “sell” rating to a “hold” rating in a research report on Friday, September 28th. Finally, Needham & Company LLC decreased their target price on Electronic Arts from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, August 31st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $134.68.
In other Electronic Arts news, CFO Blake J. Jorgensen sold 10,500 shares of the firm’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $92.79, for a total transaction of $974,295.00. Following the completion of the sale, the chief financial officer now owns 104,391 shares of the company’s stock, valued at $9,686,440.89. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 29,000 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $113.13, for a total value of $3,280,770.00. Following the sale, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at approximately $2,262,600. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,750 shares of company stock valued at $12,072,643. 2.24% of the stock is owned by insiders.
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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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