Motley Fool Asset Management LLC Acquires 341 Shares of Electronic Arts Inc. (NASDAQ:EA)

Motley Fool Asset Management LLC raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,040 shares of the game software company’s stock after purchasing an additional 341 shares during the period. Motley Fool Asset Management LLC’s holdings in Electronic Arts were worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Mercer Global Advisors Inc. ADV increased its holdings in Electronic Arts by 23.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company’s stock valued at $2,753,000 after purchasing an additional 4,411 shares during the last quarter. Value Partners Investments Inc. raised its position in shares of Electronic Arts by 33.5% in the 4th quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company’s stock valued at $53,761,000 after acquiring an additional 107,709 shares during the period. Metis Global Partners LLC boosted its stake in Electronic Arts by 14.7% during the 3rd quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company’s stock worth $1,381,000 after acquiring an additional 1,469 shares during the last quarter. Morgan Stanley grew its holdings in Electronic Arts by 13.0% during the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after purchasing an additional 389,063 shares during the period. Finally, Vanguard Group Inc. increased its stake in Electronic Arts by 16.3% in 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 purchasing an additional 3,600,388 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. UBS Group decreased their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a report on Wednesday, March 27th. Benchmark reissued a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a research note on Thursday, April 18th. BMO Capital Markets started coverage on Electronic Arts in a report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective on the stock. Stifel Nicolaus increased their target price on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $162.00 price target on shares of Electronic Arts in a research note on Wednesday, January 31st. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $147.00.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $142.39, for a total value of $355,975.00. Following the transaction, the chief executive officer now directly 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 can be accessed through this hyperlink. In other news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on 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 owns 28,430 shares of the company’s stock, valued at $4,048,147.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $137.43, for a total transaction of $109,944.00. Following the completion of the transaction, the insider now owns 28,683 shares in the company, valued at $3,941,904.69. The disclosure for this sale can be found here. Insiders have sold 37,144 shares of company stock valued at $5,114,335 over the last ninety days. 0.20% of the stock is currently owned by company insiders.

Electronic Arts Stock Performance

Shares of EA stock traded up $0.59 on Friday, reaching $127.90. The stock had a trading volume of 1,220,587 shares, compared to its average volume of 1,997,236. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $144.53. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $34.19 billion, a price-to-earnings ratio of 32.22, a P/E/G ratio of 1.78 and a beta of 0.76. The firm’s 50-day moving average is $133.38 and its two-hundred day moving average is $134.50.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the business earned $2.29 earnings per share. The business’s quarterly revenue was up 1.0% on a year-over-year basis. On average, research analysts expect that Electronic Arts Inc. will post 5.35 EPS for the current fiscal year.

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.