Lodge Hill Capital LLC Boosts Stake in Electronic Arts Inc. (EA)

Lodge Hill Capital LLC grew its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 19.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 233,100 shares of the game software company’s stock after acquiring an additional 38,100 shares during the quarter. Electronic Arts comprises approximately 2.1% of Lodge Hill Capital LLC’s holdings, making the stock its 14th largest holding. Lodge Hill Capital LLC owned 0.08% of Electronic Arts worth $27,520,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in Electronic Arts by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock valued at $149,000 after buying an additional 1,063 shares during the period. Bessemer Group Inc. raised its holdings in Electronic Arts by 144.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after buying an additional 783 shares during the period. Dupont Capital Management Corp purchased a new stake in Electronic Arts during the 3rd quarter valued at $183,000. Captrust Financial Advisors purchased a new stake in Electronic Arts during the 2nd quarter valued at $195,000. Finally, GHP Investment Advisors Inc. purchased a new stake in Electronic Arts during the 3rd quarter valued at $202,000. Hedge funds and other institutional investors own 93.79% of the company’s stock.

In other news, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $108.28, for a total transaction of $108,280.00. Following the transaction, the senior vice president now owns 19,950 shares of the company’s stock, valued at approximately $2,160,186. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Chris Bruzzo sold 1,500 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $118.10, for a total value of $177,150.00. The disclosure for this sale can be found here. Insiders have sold a total of 56,116 shares of company stock worth $6,497,517 in the last three months. Corporate insiders own 2.55% of the company’s stock.

Several analysts recently weighed in on EA shares. BMO Capital Markets decreased their price target on Electronic Arts from $100.00 to $97.00 and set a “market perform” rating on the stock in a report on Thursday, November 2nd. Jefferies Group restated a “buy” rating and set a $135.00 price target on shares of Electronic Arts in a report on Thursday, August 31st. Piper Jaffray Companies reiterated a “buy” rating and issued a $128.00 target price on shares of Electronic Arts in a research note on Thursday, October 12th. KeyCorp reiterated a “buy” rating and issued a $134.00 target price on shares of Electronic Arts in a research note on Sunday, November 19th. Finally, BidaskClub upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Five investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Electronic Arts has a consensus rating of “Buy” and an average target price of $123.26.

Electronic Arts Inc. (EA) opened at $106.02 on Monday. Electronic Arts Inc. has a 12-month low of $73.74 and a 12-month high of $122.79. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.38 and a current ratio of 2.38. The stock has a market capitalization of $32,646.21, a price-to-earnings ratio of 27.25, a PEG ratio of 1.74 and a beta of 0.62.

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Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

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

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