Campbell & CO Investment Adviser LLC lifted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 67.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,240 shares of the game software company’s stock after purchasing an additional 1,300 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Electronic Arts were worth $423,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. M&R Capital Management Inc. grew its holdings in shares of Electronic Arts by 952.6% in the second quarter. M&R Capital Management Inc. now owns 200 shares of the game software company’s stock valued at $26,000 after purchasing an additional 181 shares in the last quarter. Heritage Wealth Advisors grew its holdings in Electronic Arts by 225.3% during the 2nd quarter. Heritage Wealth Advisors now owns 732 shares of the game software company’s stock worth $29,000 after acquiring an additional 507 shares in the last quarter. BDO Wealth Advisors LLC acquired a new position in Electronic Arts during the 1st quarter worth approximately $30,000. CX Institutional grew its holdings in Electronic Arts by 185.5% during the 2nd quarter. CX Institutional now owns 237 shares of the game software company’s stock worth $31,000 after acquiring an additional 154 shares in the last quarter. Finally, Modus Advisors LLC acquired a new position in Electronic Arts during the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 90.75% of the company’s stock.
EA stock opened at $131.92 on Friday. The company has a fifty day moving average price of $130.35 and a 200 day moving average price of $126.83. Electronic Arts Inc. has a 12 month low of $85.69 and a 12 month high of $147.36. The company has a market cap of $38.10 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.48 and a beta of 0.90. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.61 and a quick ratio of 2.61.
In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $141.87, for a total value of $113,496.00. Following the transaction, the insider now directly owns 22,803 shares of the company’s stock, valued at approximately $3,235,061.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Kenneth A. Barker sold 14,020 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $142.31, for a total transaction of $1,995,186.20. Following the completion of the transaction, the chief accounting officer now directly owns 8,383 shares in the company, valued at $1,192,984.73. The disclosure for this sale can be found here. Insiders sold a total of 588,368 shares of company stock worth $74,594,428 over the last three months. 0.92% of the stock is currently owned by corporate insiders.
EA has been the subject of several analyst reports. Oppenheimer boosted their price target on shares of Electronic Arts from $125.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Stifel Nicolaus reiterated a “buy” rating and set a $154.00 price target (up previously from $130.00) on shares of Electronic Arts in a report on Tuesday, July 21st. Wells Fargo & Company boosted their price target on shares of Electronic Arts from $120.00 to $150.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Robert W. Baird boosted their price target on shares of Electronic Arts from $130.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Finally, Stephens boosted their price objective on shares of Electronic Arts from $130.00 to $145.00 in a research report on Friday, June 26th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $141.41.
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, The Sims, Apex Legends, Need for Speed, and Plants v.
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