Doliver Advisors LP Increases Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Doliver Advisors LP boosted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,060 shares of the game software company’s stock after acquiring an additional 940 shares during the quarter. Electronic Arts accounts for approximately 0.8% of Doliver Advisors LP’s investment portfolio, making the stock its 13th biggest position. Doliver Advisors LP’s holdings in Electronic Arts were worth $2,099,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EA. Valeo Financial Advisors LLC purchased a new position in shares of Electronic Arts in the 2nd quarter valued at about $28,000. North Star Investment Management Corp. purchased a new position in shares of Electronic Arts in the 3rd quarter valued at about $28,000. Sandy Spring Bank boosted its stake in shares of Electronic Arts by 52.4% in the 3rd quarter. Sandy Spring Bank now owns 320 shares of the game software company’s stock valued at $31,000 after buying an additional 110 shares during the period. Usca Ria LLC purchased a new position in shares of Electronic Arts in the 3rd quarter valued at about $36,000. Finally, Quest Capital Management Inc. ADV purchased a new position in shares of Electronic Arts in the 3rd quarter valued at about $38,000. Institutional investors own 92.75% of the company’s stock.

Several brokerages have recently issued reports on EA. UBS Group decreased their price objective on Electronic Arts from $120.00 to $117.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Wedbush reiterated an “outperform” rating on shares of Electronic Arts in a research note on Wednesday, October 30th. Bank of America lifted their price objective on Electronic Arts from $100.00 to $102.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Barclays reiterated an “equal weight” rating on shares of Electronic Arts in a research note on Tuesday, October 22nd. Finally, Piper Jaffray Companies decreased their price objective on Electronic Arts from $112.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $108.77.

In other Electronic Arts news, insider Vijayanthimala Singh sold 500 shares of Electronic Arts stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $92.73, for a total transaction of $46,365.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Blake J. Jorgensen sold 5,200 shares of Electronic Arts stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $92.64, for a total value of $481,728.00. Following the transaction, the chief financial officer now directly owns 106,739 shares in the company, valued at approximately $9,888,300.96. The disclosure for this sale can be found here. Insiders have sold a total of 56,900 shares of company stock worth $5,464,852 in the last three months. Corporate insiders own 2.18% of the company’s stock.

Shares of NASDAQ EA opened at $98.27 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.52 and a current ratio of 3.32. Electronic Arts Inc. has a fifty-two week low of $73.91 and a fifty-two week high of $108.80. The firm has a market capitalization of $28.96 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 3.26 and a beta of 0.92. The stock’s 50-day simple moving average is $96.10 and its 200-day simple moving average is $94.96.

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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