AG2R LA Mondiale Gestion D Actifs Boosts Stock Holdings in Electronic Arts Inc. $EA

AG2R LA Mondiale Gestion D Actifs boosted its position in Electronic Arts Inc. (NASDAQ:EA) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,621 shares of the game software company’s stock after purchasing an additional 225 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in Electronic Arts were worth $1,536,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of EA. Salomon & Ludwin LLC lifted its stake in Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after purchasing an additional 68 shares during the last quarter. Bank of Jackson Hole Trust lifted its position in shares of Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after acquiring an additional 75 shares in the last quarter. Frazier Financial Advisors LLC lifted its position in shares of Electronic Arts by 328.9% during the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock worth $31,000 after acquiring an additional 148 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Electronic Arts during the first quarter worth $39,000. Finally, Costello Asset Management INC purchased a new stake in shares of Electronic Arts during the first quarter worth $40,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Activity at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 6,500 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $203.40, for a total value of $1,322,100.00. Following the completion of the sale, the chief financial officer directly owned 5,140 shares in the company, valued at $1,045,476. This trade represents a 55.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $200.31, for a total transaction of $240,372.00. Following the completion of the sale, the insider owned 32,331 shares of the company’s stock, valued at $6,476,222.61. This trade represents a 3.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,900 shares of company stock valued at $7,748,187 in the last quarter. 0.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EA has been the topic of several recent research reports. Roth Capital downgraded Electronic Arts from a “buy” rating to a “neutral” rating and increased their target price for the stock from $185.00 to $210.00 in a research report on Thursday, October 2nd. Zacks Research raised shares of Electronic Arts from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st. UBS Group set a $210.00 price target on shares of Electronic Arts and gave the stock a “neutral” rating in a report on Tuesday, September 30th. Oppenheimer cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 30th. Finally, Morgan Stanley upped their price target on shares of Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and an average price target of $179.38.

Electronic Arts Trading Up 0.1%

NASDAQ EA opened at $200.84 on Friday. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $203.75. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average of $183.25 and a 200-day moving average of $162.78. The firm has a market cap of $50.25 billion, a PE ratio of 50.34, a price-to-earnings-growth ratio of 3.05 and a beta of 0.77.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.