Stanley Laman Group Ltd. Has $5.74 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Stanley Laman Group Ltd. lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,691 shares of the game software company’s stock after acquiring an additional 2,926 shares during the period. Electronic Arts makes up about 1.4% of Stanley Laman Group Ltd.’s portfolio, making the stock its 9th largest holding. Stanley Laman Group Ltd.’s holdings in Electronic Arts were worth $5,741,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. FMR LLC increased its position 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 valued at $1,670,780,000 after acquiring an additional 1,598,653 shares during the period. Geode Capital Management LLC increased its position in Electronic Arts by 4.8% in 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 acquiring an additional 164,030 shares during the period. Wells Fargo & Company MN increased its position in Electronic Arts by 72.9% in 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 acquiring an additional 737,527 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in Electronic Arts by 71.9% in 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 acquiring an additional 614,455 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in Electronic Arts by 11.0% in 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 acquiring an additional 141,248 shares during the period. 94.13% of the stock is owned by institutional investors.

Several equities analysts have issued reports on the stock. Needham & Company LLC upped their price target on shares of Electronic Arts to $120.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Atlantic Securities upgraded shares of Electronic Arts from a “neutral” rating to an “overweight” rating in a research report on Wednesday, August 7th. MKM Partners restated a “neutral” rating and issued a $100.00 price target (up from $92.00) on shares of Electronic Arts in a research report on Friday, May 3rd. They noted that the move was a valuation call. Benchmark restated a “buy” rating and issued a $129.00 price target (up from $120.00) on shares of Electronic Arts in a research report on Wednesday, May 8th. Finally, UBS Group upped their price target on shares of Electronic Arts from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have assigned a buy rating to the stock. Electronic Arts has an average rating of “Buy” and a consensus price target of $113.10.

In related news, Director Luis A. Ubinas sold 3,389 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $89.23, for a total transaction of $302,400.47. Following the transaction, the director now directly owns 306 shares of the company’s stock, valued at $27,304.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 29,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $101.10, for a total transaction of $2,931,900.00. Following the transaction, the chief executive officer now directly owns 20,000 shares in the company, valued at $2,022,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,068 shares of company stock worth $9,252,352. Insiders own 2.18% of the company’s stock.

Shares of NASDAQ:EA traded down $3.02 during trading on Wednesday, reaching $88.76. The stock had a trading volume of 857,625 shares, compared to its average volume of 5,456,175. The business’s fifty day moving average is $92.82. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.15. Electronic Arts Inc. has a 52 week low of $73.91 and a 52 week high of $132.31. The stock has a market capitalization of $26.58 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 2.08 and a beta of 1.01.

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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