MGO One Seven LLC bought a new position in Electronic Arts Inc. (NASDAQ:EA – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,986 shares of the game software company’s stock, valued at approximately $317,000.
A number of other institutional investors have also recently modified their holdings of EA. Norden Group LLC purchased a new stake in shares of Electronic Arts during the second quarter valued at $214,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Electronic Arts during the first quarter valued at $319,000. Vanguard Personalized Indexing Management LLC boosted its position in shares of Electronic Arts by 34.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 40,483 shares of the game software company’s stock valued at $6,467,000 after buying an additional 10,453 shares during the last quarter. CCM Investment Group LLC purchased a new stake in shares of Electronic Arts during the first quarter valued at $1,625,000. Finally, Foster Victor Wealth Advisors LLC boosted its position in shares of Electronic Arts by 4.6% during the second quarter. Foster Victor Wealth Advisors LLC now owns 91,328 shares of the game software company’s stock valued at $13,944,000 after buying an additional 3,999 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.
Electronic Arts Trading Down 0.0%
Shares of NASDAQ:EA opened at $200.30 on Monday. The stock has a market capitalization of $50.12 billion, a price-to-earnings ratio of 50.20, a PEG ratio of 3.04 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The stock’s 50-day simple moving average is $180.90 and its two-hundred day simple moving average is $160.64. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $203.75.
Electronic Arts Announces Dividend
Insider Transactions at Electronic Arts
In other news, EVP Jacob J. Schatz sold 1,200 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $171.52, for a total value of $205,824.00. Following the transaction, the executive vice president owned 26,080 shares of the company’s stock, valued at $4,473,241.60. This trade represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $203.40, for a total value of $244,080.00. Following the completion of the transaction, the insider directly owned 33,531 shares in the company, valued at $6,820,205.40. This trade represents a 3.46% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,900 shares of company stock valued at $6,745,437. Company insiders own 0.24% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently commented on EA. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Electronic Arts in a research report on Wednesday, October 8th. Hsbc Global Res cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. TD Cowen cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Bank of America increased their price objective on Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Finally, Cowen cut Electronic Arts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $177.00.
Get Our Latest Report on Electronic Arts
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. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.
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