TRUE Private Wealth Advisors bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 511 shares of the game software company’s stock, valued at approximately $51,000.
A number of other large investors have also recently bought and sold shares of the stock. WT Asset Management Ltd acquired a new stake in shares of Electronic Arts in the first quarter worth $19,529,000. Coastline Trust Co increased its stake in shares of Electronic Arts by 1.4% in the second quarter. Coastline Trust Co now owns 15,430 shares of the game software company’s stock worth $1,562,000 after acquiring an additional 215 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Electronic Arts during the second quarter valued at $598,000. Marshall Wace North America L.P. grew its position 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 buying an additional 1,157,504 shares during the period. Finally, First Trust Advisors LP grew its position in Electronic Arts by 19.1% during the first quarter. First Trust Advisors LP now owns 89,017 shares of the game software company’s stock valued at $9,047,000 after buying an additional 14,275 shares during the period. 94.13% of the stock is owned by institutional investors.
EA traded up $1.68 during midday trading on Friday, hitting $89.56. 2,814,900 shares of the company traded hands, compared to its average volume of 4,081,699. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $26.39 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 1.99 and a beta of 1.01. Electronic Arts Inc. has a 52-week low of $73.91 and a 52-week high of $130.57. The business has a 50 day simple moving average of $92.29 and a two-hundred day simple moving average of $95.37.
Several analysts recently commented on the stock. Citigroup assumed coverage on shares of Electronic Arts in a research report on Friday, June 7th. They set a “neutral” rating and a $102.00 price target 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. Zacks Investment Research upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research report on Friday, August 2nd. BidaskClub lowered shares of Electronic Arts from a “hold” rating to a “sell” rating in a research report on Friday, July 19th. Finally, Needham & Company LLC raised their price target on shares of Electronic Arts to $120.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $113.10.
In other news, CEO Andrew Wilson sold 4,285 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $92.64, for a total value of $396,962.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Laura Miele sold 1,250 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $92.20, for a total transaction of $115,250.00. Following the completion of the transaction, the insider now directly owns 15,504 shares in the company, valued at $1,429,468.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 93,268 shares of company stock worth $9,056,060. Insiders own 2.18% of the company’s stock.
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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