Jefferies Financial Group Inc. Buys New Position in Electronic Arts Inc. $EA

Jefferies Financial Group Inc. purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) during the 2nd quarter, HoldingsChannel reports. The firm purchased 3,916 shares of the game software company’s stock, valued at approximately $803,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in Electronic Arts by 9.4% in the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after buying an additional 294 shares in the last quarter. Empowered Funds LLC lifted its holdings in Electronic Arts by 167.0% in the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock worth $2,790,000 after buying an additional 12,076 shares during the period. Geneos Wealth Management Inc. boosted its position in Electronic Arts by 150.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after acquiring an additional 190 shares in the last quarter. Jump Financial LLC bought a new stake in Electronic Arts during the 2nd quarter valued at approximately $2,323,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Electronic Arts by 96.4% during the 2nd quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock worth $490,000 after acquiring an additional 1,505 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EA has been the subject of a number of research analyst reports. Zacks Research cut Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Wall Street Zen upgraded Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Citigroup boosted their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $206.50.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $209.70 on Monday. The company has a 50 day simple moving average of $207.97 and a two-hundred day simple moving average of $203.92. Electronic Arts Inc. has a fifty-two week low of $159.10 and a fifty-two week high of $210.20. The company has a market capitalization of $52.93 billion, a price-to-earnings ratio of 49.23 and a beta of 0.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.21.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Monday, August 3rd. The game software company reported $1.58 EPS for the quarter. The firm had revenue of $1.99 billion for the quarter. Electronic Arts had a return on equity of 22.45% and a net margin of 13.80%.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $203.12, for a total transaction of $1,015,600.00. Following the completion of the transaction, the chief executive officer directly owned 80,974 shares in the company, valued at $16,447,438.88. This trade represents a 5.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $203.00, for a total value of $243,600.00. Following the transaction, the insider owned 26,360 shares of the company’s stock, valued at $5,351,080. The trade was a 4.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 8,700 shares of company stock worth $1,766,950. 0.24% of the stock is owned by insiders.

Electronic Arts Profile

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.