Mirae Asset Global Investments Co. Ltd. Increases Holdings in Electronic Arts Inc. $EA

Mirae Asset Global Investments Co. Ltd. increased its position in Electronic Arts Inc. (NASDAQ:EA) by 15.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,759 shares of the game software company’s stock after buying an additional 20,319 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.06% of Electronic Arts worth $31,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of EA. E Fund Management Hong Kong Co. Ltd. grew its position in Electronic Arts by 54.1% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,384 shares of the game software company’s stock valued at $284,000 after acquiring an additional 486 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Electronic Arts by 0.9% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,973 shares of the game software company’s stock worth $6,556,000 after acquiring an additional 279 shares during the last quarter. North Growth Management Ltd. lifted its holdings in shares of Electronic Arts by 2.9% in the 2nd quarter. North Growth Management Ltd. now owns 36,000 shares of the game software company’s stock worth $7,281,000 after acquiring an additional 1,000 shares during the last quarter. Greenleaf Trust boosted its stake in shares of Electronic Arts by 2.0% in the 2nd quarter. Greenleaf Trust now owns 5,986 shares of the game software company’s stock valued at $1,227,000 after purchasing an additional 119 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its stake in shares of Electronic Arts by 260.9% in the 2nd quarter. Gateway Investment Advisers LLC now owns 20,195 shares of the game software company’s stock valued at $4,141,000 after purchasing an additional 14,600 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.00, for a total value of $243,600.00. Following the sale, the insider directly owned 26,360 shares of the company’s stock, valued at $5,351,080. This trade represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $203.10, for a total value of $507,750.00. Following the transaction, the insider directly owned 73,513 shares of the company’s stock, valued at $14,930,490.30. The trade was a 3.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 22,506 shares of company stock valued at $4,547,036. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

EA has been the topic of a number of analyst reports. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Zacks Research cut Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Citigroup lifted their price objective on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Wall Street Zen upgraded Electronic Arts to a “hold” rating in a report on Saturday, June 6th. One research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $206.50.

Electronic Arts Stock Performance

NASDAQ:EA opened at $209.70 on Friday. The company has a fifty day moving average of $206.47 and a 200 day moving average of $203.32. Electronic Arts Inc. has a 52 week low of $159.10 and a 52 week high of $210.20. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.