Los Angeles Capital Management & Equity Research Inc. Lowers Stake in Electronic Arts Inc. (NASDAQ:EA)

Los Angeles Capital Management & Equity Research Inc. lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 59.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 87,212 shares of the game software company’s stock after selling 130,211 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Electronic Arts were worth $8,831,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EA. FMR LLC grew its holdings in Electronic Arts by 10.8% in the 1st quarter. FMR LLC now owns 16,439,841 shares of the game software company’s stock worth $1,670,780,000 after acquiring an additional 1,598,653 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Electronic Arts by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 3,613,795 shares of the game software company’s stock valued at $284,619,000 after purchasing an additional 164,030 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Electronic Arts by 72.9% during the 1st quarter. Wells Fargo & Company MN now owns 1,748,806 shares of the game software company’s stock valued at $177,732,000 after purchasing an additional 737,527 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Electronic Arts by 71.9% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,469,320 shares of the game software company’s stock valued at $149,328,000 after purchasing an additional 614,455 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Electronic Arts by 11.0% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,420,926 shares of the game software company’s stock valued at $143,884,000 after purchasing an additional 141,248 shares in the last quarter. Hedge funds and other institutional investors own 94.13% of the company’s stock.

In related news, insider Vijayanthimala Singh sold 500 shares of Electronic Arts stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $92.92, for a total value of $46,460.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Matthew Bilbey sold 600 shares of Electronic Arts stock in a transaction on Monday, July 1st. The shares were sold at an average price of $102.65, for a total transaction of $61,590.00. Following the completion of the sale, the executive vice president now directly owns 10,773 shares in the company, valued at approximately $1,105,848.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,468 shares of company stock valued at $10,069,840. Insiders own 2.18% of the company’s stock.

EA has been the topic of a number of research reports. MKM Partners reaffirmed a “neutral” rating and set a $100.00 target price (up previously from $92.00) on shares of Electronic Arts in a research note on Friday, May 3rd. They noted that the move was a valuation call. Sanford C. Bernstein set a $121.00 target price on shares of Electronic Arts and gave the company a “buy” rating in a research note on Wednesday, July 31st. Benchmark reissued a “buy” rating and set a $129.00 price objective (up previously from $120.00) on shares of Electronic Arts in a research note on Wednesday, May 8th. UBS Group boosted their price objective on shares of Electronic Arts from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, Citigroup assumed coverage on shares of Electronic Arts in a research note on Friday, June 7th. They set a “neutral” rating and a $102.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. Electronic Arts presently has a consensus rating of “Buy” and an average target price of $113.10.

EA traded up $1.48 during trading on Tuesday, reaching $93.25. 579,603 shares of the company’s stock were exchanged, compared to its average volume of 4,195,465. Electronic Arts Inc. has a 1 year low of $73.91 and a 1 year high of $133.65. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.52 and a quick ratio of 3.52. The stock has a market capitalization of $27.10 billion, a PE ratio of 23.73, a P/E/G ratio of 2.08 and a beta of 1.01. The stock has a fifty day moving average of $92.93.

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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