17,238 Shares in Electronic Arts Inc. (NASDAQ:EA) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,238 shares of the game software company’s stock, valued at approximately $23,580,000.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Electronic Arts by 16.3% during the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after acquiring an additional 3,600,388 shares in the last quarter. Invesco Ltd. lifted its position in shares of Electronic Arts by 7.8% in the 3rd quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company’s stock worth $500,449,000 after purchasing an additional 301,194 shares during the period. Morgan Stanley lifted its position in shares of Electronic Arts by 13.0% in the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock worth $408,084,000 after purchasing an additional 389,063 shares during the period. Northern Trust Corp increased its position in shares of Electronic Arts by 1.9% during the third quarter. Northern Trust Corp now owns 3,171,252 shares of the game software company’s stock valued at $381,819,000 after buying an additional 60,359 shares during the period. Finally, DNB Asset Management AS raised its stake in Electronic Arts by 82.3% in the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock worth $322,494,000 after buying an additional 1,064,022 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

EA has been the topic of a number of research analyst reports. UBS Group reduced their target price on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. Roth Mkm lowered their price objective on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday. BMO Capital Markets started coverage on shares of Electronic Arts in a report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 target price on the stock. Oppenheimer reiterated an “outperform” rating and issued a $150.00 price target on shares of Electronic Arts in a research note on Tuesday, April 23rd. Finally, Stifel Nicolaus boosted their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.72.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $142.39, for a total value of $355,975.00. Following the completion of the sale, the chief executive officer now owns 28,430 shares of the company’s stock, valued at approximately $4,048,147.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $142.39, for a total transaction of $355,975.00. Following the completion of the sale, the chief executive officer now directly owns 28,430 shares in the company, valued at approximately $4,048,147.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $139.08, for a total transaction of $111,264.00. Following the completion of the transaction, the insider now owns 27,883 shares in the company, valued at approximately $3,877,967.64. The disclosure for this sale can be found here. Insiders have sold a total of 37,144 shares of company stock valued at $5,087,143 in the last 90 days. 0.20% of the stock is currently owned by insiders.

Electronic Arts Trading Up 0.8 %

Electronic Arts stock opened at $129.56 on Friday. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $144.53. The business’s fifty day moving average is $131.99 and its 200 day moving average is $134.43. The stock has a market capitalization of $34.64 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 1.72 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33.

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. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.