Great Lakes Advisors LLC Makes New $1.03 Million Investment in Electronic Arts Inc. $EA

Great Lakes Advisors LLC acquired a new stake in Electronic Arts Inc. (NASDAQ:EA) during the third quarter, according to its most recent filing with the SEC. The firm acquired 5,080 shares of the game software company’s stock, valued at approximately $1,025,000.

Several other hedge funds also recently made changes to their positions in EA. Ballentine Partners LLC boosted its holdings in 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 lifted its holdings in shares of Electronic Arts by 70.1% in the 2nd 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 holdings in shares of Electronic Arts by 1.4% in the 3rd 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 during the period. Ferguson Wellman Capital Management Inc. boosted its stake in shares of Electronic Arts by 2.1% in 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 holdings 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 acquiring an additional 76 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $201.65, for a total transaction of $302,475.00. Following the sale, the chief financial officer owned 5,595 shares of the company’s stock, valued at $1,128,231.75. This trade represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $204.26, for a total transaction of $1,021,300.00. Following the completion of the transaction, the chief executive officer directly owned 38,858 shares of the company’s stock, valued at $7,937,135.08. The trade was a 11.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 123,769 shares of company stock valued at $24,943,734. Insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

EA has been the subject of a number of recent analyst reports. Morgan Stanley raised their target price on Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Zacks Research downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Citigroup boosted their price objective on shares of Electronic Arts from $206.00 to $207.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Benchmark restated a “buy” rating on shares of Electronic Arts in a research report on Wednesday, October 29th. Finally, Argus set a $210.00 price target on shares of Electronic Arts in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $187.19.

Electronic Arts Trading Down 0.0%

Shares of Electronic Arts stock opened at $203.92 on Monday. Electronic Arts Inc. has a 1 year low of $120.22 and a 1 year high of $204.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50 day moving average price of $203.83 and a 200 day moving average price of $189.47. The company has a market capitalization 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.

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.