Electronic Arts Inc. (NASDAQ:EA) Shares Bought by CX Institutional

CX Institutional boosted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.9% in the 4th quarter, HoldingsChannel reports. The fund owned 2,422 shares of the game software company’s stock after acquiring an additional 91 shares during the period. CX Institutional’s holdings in Electronic Arts were worth $354,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board boosted its holdings in shares of Electronic Arts by 97.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 7,969 shares of the game software company’s stock valued at $1,110,000 after buying an additional 3,936 shares in the last quarter. MBB Public Markets I LLC acquired a new position in shares of Electronic Arts in the 2nd quarter valued at $2,600,000. Mackenzie Financial Corp boosted its holdings in shares of Electronic Arts by 1.3% in the 2nd quarter. Mackenzie Financial Corp now owns 136,120 shares of the game software company’s stock valued at $18,966,000 after buying an additional 1,781 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Electronic Arts by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock valued at $367,789,000 after buying an additional 53,800 shares in the last quarter. Finally, Creative Planning boosted its holdings in shares of Electronic Arts by 14.5% in the 2nd quarter. Creative Planning now owns 25,325 shares of the game software company’s stock valued at $3,528,000 after buying an additional 3,213 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA opened at $116.56 on Monday. The company has a 50-day simple moving average of $152.43 and a 200-day simple moving average of $148.92. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $30.57 billion, a PE ratio of 29.96, a P/E/G ratio of 1.87 and a beta of 0.80. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50.

Insider Activity

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total transaction of $395,075.00. Following the completion of the transaction, the insider now directly owns 50,433 shares in the company, valued at approximately $7,969,926.99. This trade represents a 4.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $150.83, for a total transaction of $150,830.00. Following the transaction, the insider now owns 28,190 shares of the company’s stock, valued at $4,251,897.70. This trade represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,000 shares of company stock worth $3,986,385 in the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Argus increased their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. BMO Capital Markets cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $160.00 to $145.00 in a research note on Thursday. JPMorgan Chase & Co. decreased their price target on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. BNP Paribas upgraded shares of Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Wedbush reiterated an “outperform” rating and set a $173.00 price target on shares of Electronic Arts in a research note on Thursday. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $159.79.

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.