NEXT Financial Group Inc Has $1.83 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

NEXT Financial Group Inc lifted its position in Electronic Arts Inc. (NASDAQ:EA) by 13.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,694 shares of the game software company’s stock after purchasing an additional 2,205 shares during the period. NEXT Financial Group Inc’s holdings in Electronic Arts were worth $1,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Electronic Arts by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 22,247,309 shares of the game software company’s stock worth $2,252,762,000 after acquiring an additional 176,869 shares in the last quarter. Invesco Ltd. increased its holdings in Electronic Arts by 15.7% in the 2nd quarter. Invesco Ltd. now owns 6,715,803 shares of the game software company’s stock worth $680,043,000 after acquiring an additional 913,279 shares in the last quarter. Waddell & Reed Financial Inc. increased its holdings in Electronic Arts by 6.1% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 4,327,338 shares of the game software company’s stock worth $438,186,000 after acquiring an additional 247,824 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in Electronic Arts by 24,877.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 3,698,642 shares of the game software company’s stock worth $374,525,000 after acquiring an additional 3,683,834 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Electronic Arts by 2.9% in the 2nd quarter. Northern Trust Corp now owns 3,693,962 shares of the game software company’s stock worth $374,049,000 after acquiring an additional 102,799 shares in the last quarter. Hedge funds and other institutional investors own 92.75% of the company’s stock.

A number of equities research analysts have recently issued reports on EA shares. Wedbush reaffirmed an “outperform” rating on shares of Electronic Arts in a report on Wednesday, October 30th. Berenberg Bank set a $110.00 target price on shares of Electronic Arts and gave the stock a “buy” rating in a report on Thursday, August 22nd. TheStreet raised shares of Electronic Arts from a “c+” rating to a “b” rating in a report on Tuesday, July 30th. Bank of America upped their target price on shares of Electronic Arts from $100.00 to $102.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, Cowen raised shares of Electronic Arts from a “market perform” rating to an “outperform” rating and set a $104.00 target price for the company in a report on Wednesday, July 31st. 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 company. The stock presently has an average rating of “Buy” and an average target price of $108.77.

Shares of EA traded up $1.04 during mid-day trading on Friday, hitting $98.27. 2,306,600 shares of the company’s stock were exchanged, compared to its average volume of 4,755,931. Electronic Arts Inc. has a fifty-two week low of $73.91 and a fifty-two week high of $108.80. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.52 and a current ratio of 3.32. The stock’s 50-day moving average is $96.10 and its 200-day moving average is $94.96. The company has a market cap of $28.96 billion, a price-to-earnings ratio of 25.01, a P/E/G ratio of 3.26 and a beta of 0.92.

In other news, CEO Andrew Wilson sold 9,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $93.91, for a total value of $845,190.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Blake J. Jorgensen sold 5,200 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $92.64, for a total value of $481,728.00. Following the completion of the transaction, the chief financial officer now owns 106,739 shares of the company’s stock, valued at approximately $9,888,300.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,900 shares of company stock valued at $5,464,852. Company insiders own 2.18% of the company’s stock.

About Electronic Arts

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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