Electronic Arts Inc. (EA) Position Boosted by KAMES CAPITAL plc
KAMES CAPITAL plc increased its stake in Electronic Arts Inc. (NASDAQ:EA) by 24.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,766 shares of the game software company’s stock after acquiring an additional 2,480 shares during the quarter. KAMES CAPITAL plc’s holdings in Electronic Arts were worth $1,342,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Veritable L.P. lifted its stake in shares of Electronic Arts by 1.5% in the second quarter. Veritable L.P. now owns 7,443 shares of the game software company’s stock worth $787,000 after acquiring an additional 113 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of Electronic Arts by 3.5% in the second quarter. Thrivent Financial For Lutherans now owns 11,690 shares of the game software company’s stock worth $1,236,000 after acquiring an additional 390 shares during the period. Independent Advisor Alliance lifted its stake in shares of Electronic Arts by 11.0% in the third quarter. Independent Advisor Alliance now owns 4,573 shares of the game software company’s stock worth $542,000 after acquiring an additional 452 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Electronic Arts by 1.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 32,967 shares of the game software company’s stock worth $3,892,000 after acquiring an additional 478 shares during the period. Finally, Commerce Bank lifted its stake in shares of Electronic Arts by 13.4% in the third quarter. Commerce Bank now owns 4,111 shares of the game software company’s stock worth $485,000 after acquiring an additional 485 shares during the period. 93.51% of the stock is currently owned by institutional investors.
In other news, CFO Blake J. Jorgensen sold 10,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $112.85, for a total transaction of $1,184,925.00. Following the completion of the sale, the chief financial officer now owns 159,114 shares in the company, valued at $17,956,014.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $113.60, for a total value of $113,600.00. Following the sale, the senior vice president now owns 20,950 shares of the company’s stock, valued at approximately $2,379,920. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,516 shares of company stock valued at $7,357,395. Corporate insiders own 2.55% of the company’s stock.
Several brokerages have issued reports on EA. Morgan Stanley lowered Electronic Arts from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $112.00 to $126.00 in a research note on Friday. SunTrust Banks set a $130.00 price target on Electronic Arts and gave the company a “buy” rating in a research note on Friday. Vetr lowered Electronic Arts from a “sell” rating to a “strong sell” rating and set a $99.63 price target on the stock. in a research note on Monday, January 8th. BMO Capital Markets raised Electronic Arts from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $112.39 to $97.00 in a research note on Monday, January 8th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Electronic Arts from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $122.26.
Shares of Electronic Arts Inc. (NASDAQ:EA) opened at $113.13 on Friday. The company has a market capitalization of $34,835.55, a P/E ratio of 29.08, a PEG ratio of 1.86 and a beta of 0.61. Electronic Arts Inc. has a 1-year low of $78.89 and a 1-year high of $122.79. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23.
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Electronic Arts Profile
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.
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