Motley Fool Asset Management LLC Grows Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Motley Fool Asset Management LLC boosted its position in 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 (SEC). The fund owned 8,040 shares of the game software company’s stock after buying 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 SEC filing.

Several other institutional investors also recently bought and sold shares of EA. Jennison Associates LLC lifted its holdings in shares of Electronic Arts by 1.3% in the 4th quarter. Jennison Associates LLC now owns 6,339 shares of the game software company’s stock valued at $867,000 after buying an additional 84 shares during the period. Knights of Columbus Asset Advisors LLC boosted its position in shares of Electronic Arts by 0.3% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 34,102 shares of the game software company’s stock worth $4,106,000 after purchasing an additional 86 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its position in shares of Electronic Arts by 0.3% during the 3rd quarter. Van Lanschot Kempen Investment Management N.V. now owns 27,085 shares of the game software company’s stock worth $3,261,000 after purchasing an additional 87 shares in the last quarter. Mirador Capital Partners LP grew its stake in shares of Electronic Arts by 2.9% during the 4th quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company’s stock worth $447,000 after purchasing an additional 91 shares during the period. Finally, Whittier Trust Co. increased its holdings in shares of Electronic Arts by 4.1% in the 4th quarter. Whittier Trust Co. now owns 2,355 shares of the game software company’s stock valued at $322,000 after purchasing an additional 93 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Up 0.5 %

Electronic Arts stock traded up $0.59 during trading on Friday, reaching $127.90. 1,220,587 shares of the company’s stock were exchanged, compared to its average volume of 1,997,236. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $144.53. The firm has a market cap of $34.19 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 1.78 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. The company’s 50-day moving average is $133.38 and its two-hundred day moving average is $134.50.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on EA shares. BMO Capital Markets initiated coverage on Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective for the company. Oppenheimer reiterated an “outperform” rating and issued a $150.00 price objective on shares of Electronic Arts in a research report on Tuesday. Benchmark restated a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a report on Thursday, April 18th. Stifel Nicolaus upped their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, UBS Group dropped their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 27th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

Insiders Place Their Bets

In related news, Director Jeff Huber sold 11,872 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $141.90, for a total value of $1,684,636.80. Following the sale, the director now directly owns 79,381 shares of the company’s stock, valued at $11,264,163.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Laura Miele sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $274,860.00. Following the completion of the sale, the chief operating officer now directly owns 38,548 shares in the company, valued at approximately $5,297,651.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeff Huber sold 11,872 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $141.90, for a total value of $1,684,636.80. Following the sale, the director now directly owns 79,381 shares in the company, valued at $11,264,163.90. The disclosure for this sale can be found here. Insiders have sold 37,144 shares of company stock worth $5,114,335 in the last three months. 0.20% of the stock is owned by insiders.

About Electronic Arts

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.