Traders Buy Electronic Arts (EA) on Weakness

Investors bought shares of Electronic Arts Inc. (NASDAQ:EA) on weakness during trading on Monday. $62.38 million flowed into the stock on the tick-up and $45.00 million flowed out of the stock on the tick-down, for a money net flow of $17.38 million into the stock. Of all equities tracked, Electronic Arts had the 24th highest net in-flow for the day. Electronic Arts traded down ($1.95) for the day and closed at $106.02

EA has been the subject of several research reports. Zacks Investment Research raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research note on Friday, October 27th. Goldman Sachs Group cut shares of Electronic Arts from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Jefferies Group reaffirmed a “buy” rating and set a $135.00 price target on shares of Electronic Arts in a research note on Thursday, August 31st. Barclays initiated coverage on shares of Electronic Arts in a research note on Wednesday, October 4th. They set an “overweight” rating and a $129.00 price target for the company. Finally, Buckingham Research initiated coverage on shares of Electronic Arts in a research note on Wednesday, September 20th. They set a “buy” rating and a $143.00 price target for the company. Six investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Electronic Arts has an average rating of “Buy” and an average target price of $123.19.

The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $32,140.00, a PE ratio of 27.97, a P/E/G ratio of 1.77 and a beta of 0.61.

In other Electronic Arts news, SVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $107.50, for a total value of $107,500.00. Following the transaction, the senior vice president now owns 18,950 shares in the company, valued at $2,037,125. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 10,058 shares of Electronic Arts stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $118.04, for a total value of $1,187,246.32. The disclosure for this sale can be found here. Insiders sold 67,874 shares of company stock worth $7,559,021 in the last 90 days. 2.55% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in EA. Blair William & Co. IL grew its stake in Electronic Arts by 5.6% in the 2nd quarter. Blair William & Co. IL now owns 11,959 shares of the game software company’s stock valued at $1,264,000 after purchasing an additional 630 shares during the period. Tocqueville Asset Management L.P. purchased a new position in shares of Electronic Arts during the 2nd quarter valued at $305,000. Geneva Advisors LLC purchased a new position in shares of Electronic Arts during the 2nd quarter valued at $746,000. Great Lakes Advisors LLC lifted its position in shares of Electronic Arts by 3.3% during the 2nd quarter. Great Lakes Advisors LLC now owns 3,554 shares of the game software company’s stock valued at $376,000 after buying an additional 115 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Electronic Arts by 1.2% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 620,724 shares of the game software company’s stock valued at $65,623,000 after buying an additional 7,405 shares during the last quarter. Institutional investors own 93.51% of the company’s stock.

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About Electronic Arts

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

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