Mondrian Capital Management LLC Makes New Investment in Electronic Arts Inc. (NASDAQ:EA)

Mondrian Capital Management LLC bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,000 shares of the game software company’s stock, valued at approximately $2,025,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. FMR LLC boosted its stake in Electronic Arts by 10.8% in the 1st quarter. FMR LLC now owns 16,439,841 shares of the game software company’s stock worth $1,670,780,000 after purchasing an additional 1,598,653 shares during the period. Geode Capital Management LLC boosted its stake in Electronic Arts by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 3,613,795 shares of the game software company’s stock worth $284,619,000 after purchasing an additional 164,030 shares during the period. Wells Fargo & Company MN boosted its stake in Electronic Arts by 72.9% in the 1st quarter. Wells Fargo & Company MN now owns 1,748,806 shares of the game software company’s stock worth $177,732,000 after purchasing an additional 737,527 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in Electronic Arts by 71.9% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,469,320 shares of the game software company’s stock worth $149,328,000 after purchasing an additional 614,455 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Electronic Arts by 11.0% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,420,926 shares of the game software company’s stock worth $143,884,000 after purchasing an additional 141,248 shares during the period. 94.13% of the stock is owned by hedge funds and other institutional investors.

Shares of EA stock traded up $2.03 on Friday, reaching $89.91. The stock had a trading volume of 132,453 shares, compared to its average volume of 3,963,618. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.15. The firm’s 50-day moving average is $92.47 and its two-hundred day moving average is $95.40. The firm has a market capitalization of $27.21 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 2.09 and a beta of 1.01. Electronic Arts Inc. has a 12 month low of $73.91 and a 12 month high of $130.93.

A number of equities analysts recently weighed in on EA shares. Robert W. Baird upped their target price on shares of Electronic Arts to $114.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Atlantic Securities raised shares of Electronic Arts from a “neutral” rating to an “overweight” rating in a research report on Wednesday, August 7th. Jefferies Financial Group set a $100.00 price target on shares of Electronic Arts and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Bank of America boosted their price target on shares of Electronic Arts from $100.00 to $102.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, Credit Suisse Group boosted their price target on shares of Electronic Arts from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $113.10.

In other Electronic Arts news, CEO Andrew Wilson sold 4,285 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $92.64, for a total transaction of $396,962.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Blake J. Jorgensen sold 5,200 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $92.64, for a total transaction of $481,728.00. Following the transaction, the chief financial officer now owns 106,739 shares in the company, valued at approximately $9,888,300.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 93,268 shares of company stock worth $9,056,060. 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.

Further Reading: Understanding Average Daily Trade Volume

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.