Signaturefd LLC Raises Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Signaturefd LLC grew its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 8.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,754 shares of the game software company’s stock after acquiring an additional 211 shares during the period. Signaturefd LLC’s holdings in Electronic Arts were worth $269,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. WT Asset Management Ltd acquired a new stake in Electronic Arts during the 1st quarter valued at $19,529,000. Canada Pension Plan Investment Board increased its stake in shares of Electronic Arts by 23.3% in the second quarter. Canada Pension Plan Investment Board now owns 366,573 shares of the game software company’s stock worth $37,119,000 after acquiring an additional 69,257 shares during the last quarter. Greenwood Capital Associates LLC increased its stake in shares of Electronic Arts by 99.2% in the second quarter. Greenwood Capital Associates LLC now owns 67,982 shares of the game software company’s stock worth $6,884,000 after acquiring an additional 33,860 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Electronic Arts in the second quarter worth $598,000. Finally, Coastline Trust Co increased its stake in shares of Electronic Arts by 1.4% in the second quarter. Coastline Trust Co now owns 15,430 shares of the game software company’s stock worth $1,562,000 after acquiring an additional 215 shares during the last quarter. Institutional investors own 92.75% of the company’s stock.

In related news, insider Vijayanthimala Singh sold 500 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $92.73, for a total transaction of $46,365.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Andrew Wilson sold 9,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $93.91, for a total transaction of $845,190.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,900 shares of company stock valued at $5,464,852. 2.18% of the stock is currently owned by corporate insiders.

Several research firms recently weighed in on EA. TheStreet upgraded shares of Electronic Arts from a “c+” rating to a “b” rating in a research note on Tuesday, July 30th. KeyCorp assumed coverage on shares of Electronic Arts in a research report on Monday, July 29th. They issued a “sector weight” rating for the company. Stifel Nicolaus dropped their price target on shares of Electronic Arts from $115.00 to $114.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Berenberg Bank set a $110.00 price target on shares of Electronic Arts and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Cowen raised shares of Electronic Arts from a “market perform” rating to an “outperform” rating and set a $104.00 price target for the company in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the stock. Electronic Arts currently has an average rating of “Buy” and an average price target of $108.77.

Shares of Electronic Arts stock traded up $1.04 during trading on Friday, hitting $98.27. 2,306,600 shares of the stock were exchanged, compared to its average volume of 4,755,931. The company has a current ratio of 3.32, a quick ratio of 3.52 and a debt-to-equity ratio of 0.14. Electronic Arts Inc. has a 1-year low of $73.91 and a 1-year high of $108.80. The company has a fifty day moving average price of $96.10 and a 200-day moving average price of $94.96. The stock has a market capitalization of $28.96 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 3.26 and a beta of 0.92.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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