SRS Capital Advisors Inc. Has $269,000 Stake in Electronic Arts Inc. (NASDAQ:EA)

SRS Capital Advisors Inc. increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 44.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,964 shares of the game software company’s stock after purchasing an additional 603 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Electronic Arts were worth $269,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Electronic Arts by 16.3% during 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 last quarter. DNB Asset Management AS increased its holdings in Electronic Arts by 82.3% in 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 purchasing an additional 1,064,022 shares during the last quarter. AustralianSuper Pty Ltd acquired a new position in Electronic Arts in the third quarter valued at about $75,124,000. Assenagon Asset Management S.A. boosted its holdings in 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 last quarter. Finally, Morgan Stanley grew its position in shares of Electronic Arts by 13.0% during the 3rd 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.

Analyst Ratings Changes

Several research analysts recently weighed in on EA shares. Benchmark reissued a “buy” rating and set a $153.00 price objective on shares of Electronic Arts in a research note on Thursday, April 18th. Roth Mkm reduced their price target on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday. BMO Capital Markets initiated coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective for the company. Wedbush reiterated an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a report on Thursday. Finally, Oppenheimer restated an “outperform” rating and issued a $150.00 price target on shares of Electronic Arts in a report on Tuesday, April 23rd. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Electronic Arts has an average rating of “Moderate Buy” and a consensus price target of $146.72.

Electronic Arts Stock Up 0.8 %

Shares of Electronic Arts stock traded up $1.06 during trading hours on Friday, reaching $129.56. 1,650,180 shares of the company’s stock were exchanged, compared to its average volume of 1,685,682. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average of $131.99 and a two-hundred day moving average of $134.43. The stock has a market cap of $34.64 billion, a P/E ratio of 32.63, a P/E/G ratio of 1.72 and a beta of 0.78. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share 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 company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the business earned $2.29 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, sell-side analysts forecast that Electronic Arts Inc. will post 5.34 EPS for the current fiscal year.

Insider Activity at Electronic Arts

In other news, insider Jacob J. Schatz sold 1,000 shares of the business’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 in the company, valued at approximately $2,901,755.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the transaction, the insider now directly owns 20,258 shares in the company, valued at approximately $2,901,755.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $139.08, for a total value of $111,264.00. Following the completion of the sale, the insider now owns 27,883 shares in the company, valued at approximately $3,877,967.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,144 shares of company stock valued at $5,087,143. 0.20% of the stock is owned by corporate 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.