Doliver Advisors LP Purchases 940 Shares of Electronic Arts Inc. (NASDAQ:EA)

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

Other large investors have also recently bought and sold shares of the company. Boothe Investment Group Inc. acquired a new stake in shares of Electronic Arts during the 2nd quarter worth about $3,445,000. Fulton Bank N.A. raised its position in shares of Electronic Arts by 17.7% during the 2nd quarter. Fulton Bank N.A. now owns 12,962 shares of the game software company’s stock worth $1,313,000 after acquiring an additional 1,946 shares in the last quarter. Douglas Lane & Associates LLC acquired a new stake in shares of Electronic Arts during the 2nd quarter worth about $1,816,000. Crossmark Global Holdings Inc. raised its position in shares of Electronic Arts by 1.5% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,493 shares of the game software company’s stock worth $1,569,000 after acquiring an additional 235 shares in the last quarter. Finally, Copper Rock Capital Partners LLC raised its position in shares of Electronic Arts by 8.4% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 187,667 shares of the game software company’s stock worth $19,003,000 after acquiring an additional 14,477 shares in the last quarter. Institutional investors own 92.75% of the company’s stock.

Several equities research analysts have recently weighed in on the company. BidaskClub lowered Electronic Arts from a “hold” rating to a “sell” rating in a research report on Saturday, October 12th. Robert W. Baird cut their target price on Electronic Arts from $114.00 to $108.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Barclays reissued an “equal weight” rating on shares of Electronic Arts in a research report on Tuesday, October 22nd. UBS Group cut their target price on Electronic Arts from $120.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Stephens reissued a “buy” rating on shares of Electronic Arts in a research report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $108.77.

EA opened at $98.27 on Friday. The firm has a market cap 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. 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 business’s 50 day moving average is $96.10 and its two-hundred day moving average is $94.96. Electronic Arts Inc. has a 52 week low of $73.91 and a 52 week high of $108.80.

In other news, CMO Chris Bruzzo sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $100.00, for a total value of $600,000.00. Following the transaction, the chief marketing officer now owns 36,771 shares of the company’s stock, valued at $3,677,100. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $92.73, for a total value of $46,365.00. The disclosure for this sale can be found here. In the last three months, insiders sold 56,900 shares of company stock worth $5,464,852. Corporate insiders own 2.18% of the company’s stock.

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.

Further Reading: Does the discount rate affect the economy?

Want to see what other hedge funds are holding EA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronic Arts Inc. (NASDAQ:EA).

Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.