Nomura Asset Management Co. Ltd. Buys 2,112 Shares of Electronic Arts Inc. (NASDAQ:EA)

Nomura Asset Management Co. Ltd. lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 0.6% during the second quarter, Holdings Channel.com reports. The firm owned 343,231 shares of the game software company’s stock after acquiring an additional 2,112 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Electronic Arts were worth $34,755,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Icon Wealth Partners LLC bought a new position in shares of Electronic Arts during the 1st quarter worth about $28,000. Valeo Financial Advisors LLC bought a new position in shares of Electronic Arts during the 2nd quarter worth about $28,000. Berman Capital Advisors LLC boosted 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 purchasing an additional 142 shares in the last quarter. Bremer Bank National Association bought a new position in shares of Electronic Arts during the 1st quarter worth about $34,000. Finally, Cornerstone Advisors Inc. boosted 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 purchasing an additional 162 shares in the last quarter. 92.66% of the stock is currently owned by institutional investors.

In other news, CEO Andrew Wilson sold 29,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $101.10, for a total transaction of $2,931,900.00. Following the completion of the sale, the chief executive officer now owns 20,000 shares in the company, valued at approximately $2,022,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Luis A. Ubinas sold 3,389 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $89.23, for a total transaction of $302,400.47. Following the sale, the director now owns 306 shares of the company’s stock, valued at approximately $27,304.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,074 shares of company stock valued at $9,331,897. Company insiders own 2.18% of the company’s stock.

A number of research firms have recently issued reports on EA. Cowen raised shares of Electronic Arts from a “market perform” rating to an “outperform” rating and set a $104.00 price objective on the stock in a research report on Wednesday, July 31st. KeyCorp started coverage on shares of Electronic Arts in a research report on Monday, July 29th. They issued a “sector weight” rating on the stock. Jefferies Financial Group set a $100.00 price target on shares of Electronic Arts and gave the company a “hold” rating in a research report on Wednesday, July 31st. BMO Capital Markets reiterated an “outperform” rating and set a $130.00 price target (up previously from $116.00) on shares of Electronic Arts in a research report on Tuesday, July 2nd. Finally, Citigroup started coverage on shares of Electronic Arts in a research report on Friday, June 7th. They issued a “neutral” rating and a $102.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-one have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $110.64.

NASDAQ:EA traded up $0.12 on Friday, hitting $98.46. The stock had a trading volume of 191,264 shares, compared to its average volume of 3,117,635. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.52 and a current ratio of 3.52. The stock has a market cap of $29.32 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 2.24 and a beta of 0.97. Electronic Arts Inc. has a 1 year low of $73.91 and a 1 year high of $121.30. The firm’s fifty day simple moving average is $92.84 and its two-hundred day simple moving average is $95.09.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, July 30th. The game software company reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.10). The firm had revenue of $743.00 million during the quarter, compared to analysts’ expectations of $724.55 million. Electronic Arts had a net margin of 42.75% and a return on equity of 19.63%. Equities research analysts predict that Electronic Arts Inc. will post 3.74 EPS for the current year.

About Electronic Arts

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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