National Investment Services Inc. WI raised its position in Electronic Arts Inc. (NASDAQ:EA) by 67.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,706 shares of the game software company’s stock after purchasing an additional 3,521 shares during the quarter. National Investment Services Inc. WI’s holdings in Electronic Arts were worth $885,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in EA. FCA Corp TX purchased a new stake in shares of Electronic Arts in the fourth quarter valued at about $158,000. MUFG Securities EMEA plc grew its position in Electronic Arts by 6,323.8% during the fourth quarter. MUFG Securities EMEA plc now owns 530,800 shares of the game software company’s stock worth $41,885,000 after buying an additional 522,537 shares during the period. Norges Bank acquired a new position in Electronic Arts during the fourth quarter worth about $243,373,000. Actinver Wealth Management Inc. acquired a new position in Electronic Arts during the fourth quarter worth about $291,000. Finally, Financial Advocates Investment Management grew its position in Electronic Arts by 2,318.9% during the fourth quarter. Financial Advocates Investment Management now owns 7,305 shares of the game software company’s stock worth $340,000 after buying an additional 7,003 shares during the period. 92.91% of the stock is currently owned by institutional investors.
Shares of NASDAQ:EA opened at $94.63 on Wednesday. The stock has a market capitalization of $27.90 billion, a P/E ratio of 27.51, a PEG ratio of 1.58 and a beta of 1.19. Electronic Arts Inc. has a fifty-two week low of $73.91 and a fifty-two week high of $151.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.99 and a current ratio of 2.99.
In related news, Director Leonard S. Coleman, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $100.55, for a total value of $1,005,500.00. Following the sale, the director now directly owns 27,371 shares in the company, valued at approximately $2,752,154.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 29,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $103.00, for a total transaction of $2,987,000.00. Following the completion of the sale, the chief executive officer now owns 20,000 shares in the company, valued at $2,060,000. The disclosure for this sale can be found here. Insiders have sold a total of 82,500 shares of company stock worth $8,266,003 over the last 90 days. 2.24% of the stock is owned by insiders.
Several analysts have recently commented on the stock. Zacks Investment Research lowered shares of Electronic Arts from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Benchmark decreased their target price on shares of Electronic Arts from $153.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, February 6th. They noted that the move was a valuation call. Stephens initiated coverage on shares of Electronic Arts in a research report on Thursday, January 10th. They set an “overweight” rating and a $125.00 target price on the stock. Bank of America raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and increased their price target for the stock from $95.00 to $110.00 in a research note on Monday, February 11th. Finally, Robert W. Baird increased their price target on shares of Electronic Arts to $106.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 12th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $112.04.
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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.
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