Oppenheimer Asset Management Inc. increased its position in Electronic Arts Inc. (NASDAQ:EA) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,666 shares of the game software company’s stock after buying an additional 251 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Electronic Arts were worth $472,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of EA. FMR LLC raised its position in shares of Electronic Arts by 10.8% during the first quarter. FMR LLC now owns 16,439,841 shares of the game software company’s stock valued at $1,670,780,000 after buying an additional 1,598,653 shares during the last quarter. Marshall Wace North America L.P. grew its stake in Electronic Arts by 1,091.0% during the first quarter. Marshall Wace North America L.P. now owns 1,263,601 shares of the game software company’s stock valued at $128,421,000 after acquiring an additional 1,157,504 shares in the last quarter. Wells Fargo & Company MN grew its stake in Electronic Arts by 72.9% during the first quarter. Wells Fargo & Company MN now owns 1,748,806 shares of the game software company’s stock valued at $177,732,000 after acquiring an additional 737,527 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Electronic Arts by 71.9% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,469,320 shares of the game software company’s stock valued at $149,328,000 after acquiring an additional 614,455 shares during the last quarter. Finally, TD Asset Management Inc. increased its holdings in Electronic Arts by 320.6% in the 1st quarter. TD Asset Management Inc. now owns 797,388 shares of the game software company’s stock valued at $81,039,000 after acquiring an additional 607,816 shares during the last quarter. 92.66% of the stock is owned by institutional investors.
EA traded up $0.05 during trading on Wednesday, reaching $99.55. The company had a trading volume of 73,250 shares, compared to its average volume of 3,038,344. The stock has a market cap of $29.08 billion, a P/E ratio of 25.34, a PEG ratio of 2.22 and a beta of 0.97. The business has a 50 day simple moving average of $92.59 and a 200-day simple moving average of $95.07. Electronic Arts Inc. has a 52 week low of $73.91 and a 52 week high of $121.30. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.15.
In other news, insider Vijayanthimala Singh sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $92.73, for a total transaction of $46,365.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 29,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $101.10, for a total value of $2,931,900.00. Following the sale, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $2,022,000. The disclosure for this sale can be found here. Insiders sold a total of 81,174 shares of company stock valued at $7,940,853 in the last 90 days. Company insiders own 2.18% of the company’s stock.
Several research analysts have commented on EA shares. TheStreet raised shares of Electronic Arts from a “c+” rating to a “b” rating in a report on Tuesday, July 30th. BidaskClub upgraded Electronic Arts from a “sell” rating to a “hold” rating in a research report on Friday, August 23rd. Sanford C. Bernstein set a $121.00 target price on Electronic Arts and gave the stock a “buy” rating in a report on Wednesday, July 31st. Stifel Nicolaus boosted their target price on Electronic Arts from $111.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Bank of America increased their price target on Electronic Arts from $100.00 to $102.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. 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 stock. The stock currently has an average rating of “Buy” and a consensus target price of $110.64.
Electronic Arts Company 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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