PGGM Investments Has $5.82 Million Position in Electronic Arts Inc. (NASDAQ:EA)

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

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in 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 purchasing an additional 3,600,388 shares in the last quarter. Invesco Ltd. increased its stake in Electronic Arts by 7.8% during the 3rd quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company’s stock valued at $500,449,000 after purchasing an additional 301,194 shares in the last quarter. Morgan Stanley increased its stake in Electronic Arts by 13.0% during the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after purchasing an additional 389,063 shares in the last quarter. Northern Trust Corp increased its stake in Electronic Arts by 1.9% during the 3rd quarter. Northern Trust Corp now owns 3,171,252 shares of the game software company’s stock valued at $381,819,000 after purchasing an additional 60,359 shares in the last quarter. Finally, DNB Asset Management AS increased its stake in Electronic Arts by 82.3% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Activity

In related news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $137.43, for a total value of $109,944.00. Following the transaction, the insider now owns 28,683 shares in the company, valued at approximately $3,941,904.69. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $127.19, for a total value of $317,975.00. Following the completion of the transaction, the chief executive officer now owns 23,430 shares of the company’s stock, valued at approximately $2,980,061.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $109,944.00. Following the completion of the transaction, the insider now directly owns 28,683 shares of the company’s stock, valued at approximately $3,941,904.69. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,144 shares of company stock worth $5,114,335. Corporate insiders own 0.20% of the company’s stock.

Electronic Arts Trading Up 0.5 %

Electronic Arts stock traded up $0.59 during mid-day trading on Friday, reaching $127.90. 1,220,603 shares of the company traded hands, compared to its average volume of 1,679,358. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. The firm’s 50 day moving average price is $133.38 and its 200 day moving average price is $134.55. The firm has a market capitalization of $34.19 billion, a price-to-earnings ratio of 32.22, a P/E/G ratio of 1.77 and a beta of 0.76. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $144.53.

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 analysts’ consensus estimates of $2.45 by ($1.38). The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.29 earnings per share. On average, analysts anticipate that Electronic Arts Inc. will post 5.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wedbush reiterated an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a research note on Wednesday, January 31st. Benchmark restated a “buy” rating and issued a $153.00 price objective on shares of Electronic Arts in a research report on Thursday, April 18th. BMO Capital Markets assumed 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. UBS Group cut 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. Finally, Stifel Nicolaus raised their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

Electronic Arts Company 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.