AJOVista LLC Makes New Investment in Electronic Arts Inc. (NASDAQ:EA)

AJOVista LLC bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 786 shares of the game software company’s stock, valued at approximately $108,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Electronic Arts by 16.3% in the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after acquiring an additional 3,600,388 shares during the period. DNB Asset Management AS boosted its holdings in Electronic Arts by 82.3% in the 4th quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock worth $322,494,000 after buying an additional 1,064,022 shares during the period. AustralianSuper Pty Ltd bought a new position in Electronic Arts in the 3rd quarter worth approximately $75,124,000. Assenagon Asset Management S.A. grew its stake in Electronic Arts by 480.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 499,277 shares of the game software company’s stock valued at $60,113,000 after buying an additional 413,276 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Electronic Arts by 13.0% during the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after acquiring an additional 389,063 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In related news, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the transaction, the insider now owns 20,258 shares in the company, valued at $2,901,755.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the sale, the insider now owns 20,258 shares in the company, valued at $2,901,755.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Luis A. Ubinas sold 4,872 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $136.84, for a total value of $666,684.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,144 shares of company stock worth $5,087,143. Company insiders own 0.20% of the company’s stock.

Electronic Arts Stock Up 0.8 %

Shares of EA traded up $1.06 on Friday, hitting $129.56. 1,650,180 shares of the stock traded hands, compared to its average volume of 1,685,682. The company has a market capitalization of $34.64 billion, a PE ratio of 32.63, a P/E/G ratio of 1.73 and a beta of 0.78. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $144.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. The business has a 50 day simple moving average of $131.99 and a 200 day simple moving average of $134.43.

Analyst Ratings Changes

EA has been the topic of a number of recent analyst reports. Benchmark reissued a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a report on Thursday, April 18th. Roth Mkm decreased their price target on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday. Stifel Nicolaus boosted their target price on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. BMO Capital Markets initiated coverage on Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 target price on the stock. Finally, Wedbush reiterated an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $146.72.

Electronic Arts 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.