River Global Investors LLP Has $1.27 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

River Global Investors LLP reduced its holdings in Electronic Arts Inc. (NASDAQ:EA) by 28.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 9,263 shares of the game software company’s stock after selling 3,652 shares during the quarter. River Global Investors LLP’s holdings in Electronic Arts were worth $1,267,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EA. Vanguard Group Inc. increased its position in Electronic Arts by 16.3% in the 3rd 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 during the period. DNB Asset Management AS increased its position in shares of 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 worth $322,494,000 after buying an additional 1,064,022 shares during the period. AustralianSuper Pty Ltd acquired a new stake in shares of Electronic Arts during the third quarter worth $75,124,000. Assenagon Asset Management S.A. increased its position in shares of Electronic Arts by 480.5% during the third quarter. Assenagon Asset Management S.A. now owns 499,277 shares of the game software company’s stock worth $60,113,000 after buying an additional 413,276 shares during the period. Finally, Morgan Stanley increased its position in shares of Electronic Arts by 13.0% during the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock worth $408,084,000 after buying an additional 389,063 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In related news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the transaction, the insider now directly owns 20,258 shares of the company’s stock, valued at $2,901,755.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the transaction, the insider now directly owns 20,258 shares of the company’s stock, valued at $2,901,755.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeff Huber sold 11,872 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $141.90, for a total transaction of $1,684,636.80. Following the transaction, 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. Over the last three months, insiders have sold 37,144 shares of company stock valued at $5,087,143. Corporate insiders own 0.20% of the company’s stock.

Electronic Arts Stock Up 0.8 %

Shares of Electronic Arts stock traded up $1.06 during trading hours on Friday, reaching $129.56. The company’s stock had a trading volume of 1,650,180 shares, compared to its average volume of 1,685,682. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $144.53. The company has a market capitalization of $34.64 billion, a P/E ratio of 32.63, a P/E/G ratio of 1.73 and a beta of 0.78. The stock’s fifty day simple moving average is $131.99 and its two-hundred day simple moving average is $134.45. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33.

Analysts Set New Price Targets

Several research firms have recently weighed in on EA. UBS Group decreased 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 report on Wednesday, March 27th. BMO Capital Markets started coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective for the company. Roth Mkm cut their target price on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday. Benchmark reissued a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a research note on Thursday, April 18th. Finally, Oppenheimer reissued an “outperform” rating and set a $150.00 target price on shares of Electronic Arts in a research note on Tuesday, April 23rd. Eight 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.72.

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.