Jacobs & Co. CA Boosts Stake in Electronic Arts Inc. (NASDAQ:EA)

Jacobs & Co. CA increased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,156 shares of the game software company’s stock after purchasing an additional 2,104 shares during the quarter. Jacobs & Co. CA’s holdings in Electronic Arts were worth $4,906,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Canada Pension Plan Investment Board raised its position in Electronic Arts by 23.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 366,573 shares of the game software company’s stock worth $37,119,000 after purchasing an additional 69,257 shares during the period. Greenwood Capital Associates LLC raised its position in Electronic Arts by 99.2% in the 2nd quarter. Greenwood Capital Associates LLC now owns 67,982 shares of the game software company’s stock worth $6,884,000 after purchasing an additional 33,860 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in Electronic Arts in the 2nd quarter worth $598,000. Coastline Trust Co raised its position in Electronic Arts by 1.4% in the 2nd quarter. Coastline Trust Co now owns 15,430 shares of the game software company’s stock worth $1,562,000 after purchasing an additional 215 shares during the period. Finally, Marathon Asset Management LLP raised its position in Electronic Arts by 2.0% in the 2nd quarter. Marathon Asset Management LLP now owns 317,563 shares of the game software company’s stock worth $32,156,000 after purchasing an additional 6,279 shares during the period. Institutional investors own 92.75% of the company’s stock.

Shares of EA traded up $1.04 during trading hours on Friday, reaching $98.27. 2,306,600 shares of the company traded hands, compared to its average volume of 4,755,931. The company has a quick ratio of 3.52, a current ratio of 3.32 and a debt-to-equity ratio of 0.14. The company 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 Inc. has a 12 month low of $73.91 and a 12 month high of $108.80. The company’s fifty day moving average price is $96.10 and its two-hundred day moving average price is $94.96.

In other Electronic Arts news, insider Vijayanthimala Singh sold 500 shares of Electronic Arts stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $92.73, for a total value of $46,365.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Blake J. Jorgensen sold 5,200 shares of Electronic Arts stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $92.64, for a total transaction of $481,728.00. Following the completion of the transaction, the chief financial officer now directly owns 106,739 shares of the company’s stock, valued at $9,888,300.96. The disclosure for this sale can be found here. Insiders sold 56,900 shares of company stock valued at $5,464,852 over the last ninety days. Corporate insiders own 2.18% of the company’s stock.

EA has been the topic of a number of analyst reports. Atlantic Securities upgraded shares of Electronic Arts from a “neutral” rating to an “overweight” rating in a research report on Wednesday, August 7th. Jefferies Financial Group set a $100.00 target price on shares of Electronic Arts and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Bank of America boosted their price objective on shares of Electronic Arts from $100.00 to $102.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Cowen upgraded shares of Electronic Arts from a “market perform” rating to an “outperform” rating and set a $104.00 price objective on the stock in a research report on Wednesday, July 31st. Finally, Berenberg Bank set a $110.00 price objective on shares of Electronic Arts and gave the company a “buy” rating in a research report on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have assigned a buy rating to the company. Electronic Arts has a consensus rating of “Buy” and an average target price of $108.77.

Electronic Arts Company 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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