BlackRock Inc. increased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,297,293 shares of the game software company’s stock after buying an additional 904,557 shares during the quarter. BlackRock Inc. owned approximately 0.07% of Electronic Arts worth $2,237,493,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cerebellum GP LLC bought a new stake in Electronic Arts in the 4th quarter valued at $129,000. First Bank & Trust bought a new stake in Electronic Arts in the 4th quarter valued at $134,000. Exane Derivatives bought a new stake in Electronic Arts in the 4th quarter valued at $142,000. Bessemer Group Inc. boosted its holdings in Electronic Arts by 144.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after purchasing an additional 783 shares during the period. Finally, Dupont Capital Management Corp bought a new stake in Electronic Arts in the 3rd quarter valued at $183,000. 92.41% of the stock is owned by institutional investors and hedge funds.
Shares of Electronic Arts Inc. (NASDAQ:EA) opened at $126.02 on Friday. The stock has a market cap of $38,760.00, a PE ratio of 39.63, a P/E/G ratio of 2.30 and a beta of 0.73. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 1 year low of $85.23 and a 1 year high of $131.01.
A number of brokerages have weighed in on EA. KeyCorp increased their price target on shares of Electronic Arts from $134.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Vetr downgraded shares of Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price target for the company. in a report on Monday, December 18th. Buckingham Research set a $143.00 price target on shares of Electronic Arts and gave the company a “buy” rating in a report on Sunday, November 19th. Zacks Investment Research downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Robert W. Baird increased their price target on shares of Electronic Arts from $130.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Electronic Arts presently has a consensus rating of “Buy” and a consensus target price of $130.34.
In related news, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $108.28, for a total transaction of $108,280.00. Following the completion of the sale, the senior vice president now owns 19,950 shares in the company, valued at approximately $2,160,186. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Vijayanthimala Singh sold 200 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $126.75, for a total transaction of $25,350.00. Following the sale, the senior vice president now owns 4,528 shares of the company’s stock, valued at approximately $573,924. The disclosure for this sale can be found here. Insiders have sold a total of 67,158 shares of company stock valued at $7,546,309 in the last quarter. 2.55% of the stock is currently owned by corporate insiders.
Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.
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