Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by PGGM Investments

PGGM Investments increased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 33.1% in the fourth quarter, HoldingsChannel reports. The firm owned 42,556 shares of the game software company’s stock after acquiring an additional 10,578 shares during the quarter. PGGM Investments’ holdings in Electronic Arts were worth $5,822,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted 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 worth $3,086,621,000 after purchasing an additional 3,600,388 shares during the period. Invesco Ltd. lifted its holdings in shares of Electronic Arts by 7.8% during the third 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 raised its position 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 acquiring an additional 389,063 shares in the last quarter. Northern Trust Corp raised its position in 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 acquiring an additional 60,359 shares in the last quarter. Finally, DNB Asset Management AS raised its position in Electronic Arts by 82.3% during the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock valued at $322,494,000 after acquiring an additional 1,064,022 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the business’s 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 transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the business’s 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 transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $109,944.00. Following the transaction, the insider now directly owns 28,683 shares in the company, valued at approximately $3,941,904.69. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,144 shares of company stock worth $5,114,335. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on EA shares. BMO Capital Markets started coverage on Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price target for the company. Oppenheimer reiterated an “outperform” rating and set a $150.00 price target on shares of Electronic Arts in a research report on Tuesday, April 23rd. Stifel Nicolaus lifted their price target on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. UBS Group reduced their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. Finally, Wedbush reiterated an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a research report on Wednesday, January 31st. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $147.00.

Electronic Arts Price Performance

Shares of EA traded up $0.59 during trading hours on Friday, hitting $127.90. 1,220,603 shares of the stock were exchanged, compared to its average volume of 1,679,358. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. Electronic Arts Inc. has a 12-month low of $117.47 and a 12-month high of $144.53. The company has a market cap of $34.19 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76. The stock’s 50-day moving average price is $133.38 and its two-hundred day moving average price is $134.55.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the previous year, the firm posted $2.29 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Research analysts expect that Electronic Arts Inc. will post 5.35 earnings per share for the current year.

Electronic Arts 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.