Great Lakes Advisors LLC Buys New Shares in Electronic Arts Inc. $EA

Great Lakes Advisors LLC bought a new position in Electronic Arts Inc. (NASDAQ:EA) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 5,080 shares of the game software company’s stock, valued at approximately $1,025,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC lifted its stake in shares of Electronic Arts by 1.2% in the 3rd quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock valued at $965,000 after purchasing an additional 59 shares in the last quarter. Salomon & Ludwin LLC raised its holdings in Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after buying an additional 68 shares during the period. Moody National Bank Trust Division lifted its position in Electronic Arts by 1.4% during the third quarter. Moody National Bank Trust Division now owns 5,125 shares of the game software company’s stock valued at $1,034,000 after buying an additional 71 shares in the last quarter. Ferguson Wellman Capital Management Inc. lifted its position in Electronic Arts by 2.1% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 3,467 shares of the game software company’s stock valued at $699,000 after buying an additional 72 shares in the last quarter. Finally, STF Management LP grew its stake in Electronic Arts by 2.0% during the second quarter. STF Management LP now owns 3,944 shares of the game software company’s stock worth $630,000 after buying an additional 76 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Down 0.0%

Shares of Electronic Arts stock opened at $203.92 on Monday. Electronic Arts Inc. has a fifty-two week low of $120.22 and a fifty-two week high of $204.88. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25. The firm has a market cap of $51.00 billion, a P/E ratio of 59.63, a P/E/G ratio of 2.46 and a beta of 0.73. The business has a 50-day moving average price of $203.83 and a 200 day moving average price of $189.47.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Zacks Research downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Morgan Stanley increased their price target on Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Argus set a $210.00 price objective on Electronic Arts in a research note on Thursday, October 30th. Citigroup upped their target price on Electronic Arts from $206.00 to $207.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Electronic Arts in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $187.19.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $201.65, for a total transaction of $302,475.00. Following the completion of the sale, the chief financial officer owned 5,595 shares in the company, valued at $1,128,231.75. The trade was a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $204.11, for a total transaction of $510,275.00. Following the completion of the transaction, the insider owned 53,148 shares in the company, valued at approximately $10,848,038.28. The trade was a 4.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 123,769 shares of company stock valued at $24,943,734 over the last quarter. Insiders own 0.24% of the company’s stock.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.