OMERS ADMINISTRATION Corp Makes New $2.66 Million Investment in Electronic Arts Inc. $EA

OMERS ADMINISTRATION Corp bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 12,979 shares of the game software company’s stock, valued at approximately $2,661,000.

Several other large investors also recently added to or reduced their stakes in EA. Cornerstone Planning Group LLC lifted its holdings in shares of Electronic Arts by 26.7% in the first quarter. Cornerstone Planning Group LLC now owns 242 shares of the game software company’s stock valued at $49,000 after purchasing an additional 51 shares in the last quarter. Optas LLC grew its holdings in shares of Electronic Arts by 4.2% during the first quarter. Optas LLC now owns 1,332 shares of the game software company’s stock valued at $272,000 after buying an additional 54 shares in the last quarter. Macroview Investment Management LLC raised its position in Electronic Arts by 6.2% during the fourth quarter. Macroview Investment Management LLC now owns 1,065 shares of the game software company’s stock valued at $218,000 after buying an additional 62 shares during the period. Candriam S.C.A. raised its position in Electronic Arts by 0.3% during the first quarter. Candriam S.C.A. now owns 24,685 shares of the game software company’s stock valued at $5,033,000 after buying an additional 65 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in Electronic Arts by 8.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 931 shares of the game software company’s stock worth $190,000 after acquiring an additional 69 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Electronic Arts Stock Performance

NASDAQ EA opened at $209.70 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. Electronic Arts Inc. has a 1-year low of $159.10 and a 1-year high of $210.20. The firm’s fifty day simple moving average is $207.53 and its 200-day simple moving average is $203.71. The company has a market capitalization of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64.

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

Insider Activity at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.10, for a total value of $507,750.00. Following the completion of the sale, the insider owned 73,513 shares of the company’s stock, valued at approximately $14,930,490.30. The trade was a 3.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 that occurred on Monday, June 15th. The shares were sold at an average price of $203.00, for a total transaction of $243,600.00. Following the transaction, the insider directly owned 26,360 shares in the company, valued at approximately $5,351,080. The trade was a 4.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 8,700 shares of company stock valued at $1,766,950. 0.24% of the stock is owned by corporate 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.