Electronic Arts (EA) Shares Bought by Dupont Capital Management Corp


Dupont Capital Management Corp grew its holdings in Electronic Arts (NASDAQ:EA) by 88.3% during the 1st quarter, Holdings Channel reports. The firm owned 2,922 shares of the game software company’s stock after acquiring an additional 1,370 shares during the quarter. Dupont Capital Management Corp’s holdings in Electronic Arts were worth $354,000 as of its most recent filing with the SEC.


Other large investors have also modified their holdings of the company. State of Alaska Department of Revenue lifted its stake in shares of Electronic Arts by 368.4% in the fourth quarter. State of Alaska Department of Revenue now owns 40,509 shares of the game software company’s stock valued at $4,253,000 after buying an additional 31,860 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Electronic Arts in the fourth quarter valued at about $654,000. Global X Management Co. LLC lifted its stake in shares of Electronic Arts by 26.4% in the fourth quarter. Global X Management Co. LLC now owns 3,770 shares of the game software company’s stock valued at $396,000 after buying an additional 788 shares during the period. K.J. Harrison & Partners Inc bought a new stake in shares of Electronic Arts in the fourth quarter valued at about $946,000. Finally, Egerton Capital UK LLP bought a new stake in shares of Electronic Arts in the fourth quarter valued at about $184,412,000. 94.74% of the stock is currently owned by institutional investors.


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In other news, EVP Joel Linzner sold 6,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $131.72, for a total value of $790,320.00. Following the completion of the transaction, the executive vice president now owns 18,340 shares in the company, valued at $2,415,744.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leonard S. Coleman, Jr. sold 7,125 shares of Electronic Arts stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $126.21, for a total transaction of $899,246.25. The disclosure for this sale can be found here. Insiders sold 86,879 shares of company stock valued at $10,653,234 in the last quarter. 2.55% of the stock is currently owned by corporate insiders.


Electronic Arts opened at $130.11 on Wednesday, Marketbeat.com reports. Electronic Arts has a 1 year low of $129.65 and a 1 year high of $132.03. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.41 and a quick ratio of 1.92. The company has a market capitalization of $40.65 billion, a PE ratio of 32.72, a PEG ratio of 2.06 and a beta of 0.82.

EA has been the subject of a number of analyst reports. BidaskClub upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Saturday. Vetr upgraded shares of Electronic Arts from a “sell” rating to a “hold” rating and set a $124.90 price target for the company in a research note on Thursday, March 1st. ValuEngine cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. William Blair restated an “outperform” rating on shares of Electronic Arts in a research note on Friday, April 13th. Finally, Wedbush set a $138.00 price target on shares of Electronic Arts and gave the stock a “buy” rating in a research note on Thursday, May 3rd. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Electronic Arts has a consensus rating of “Buy” and an average target price of $139.71.


Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, personal computers, mobile phones, and tablets worldwide. It develops and publishes games primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v. Zombies brands; and license games from others, such as FIFA, Madden NFL, and Star Wars, as well as publishes and distributes games developed by third parties.

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