Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Buckhead Capital Management LLC

Buckhead Capital Management LLC boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 41,413 shares of the game software company’s stock after buying an additional 1,683 shares during the period. Electronic Arts makes up approximately 2.1% of Buckhead Capital Management LLC’s holdings, making the stock its 11th biggest holding. Buckhead Capital Management LLC’s holdings in Electronic Arts were worth $5,666,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of 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. Invesco Ltd. lifted its position in shares of Electronic Arts by 7.8% in the third quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company’s stock valued at $500,449,000 after buying an additional 301,194 shares during the last quarter. Morgan Stanley boosted its stake 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 acquiring an additional 389,063 shares during the period. Northern Trust Corp raised its stake in Electronic Arts by 1.9% in 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 acquiring an additional 60,359 shares during the period. Finally, DNB Asset Management AS lifted its holdings 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 during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ EA traded up $1.36 during trading hours on Wednesday, reaching $128.18. 1,794,590 shares of the company were exchanged, compared to its average volume of 1,984,258. The business’s 50 day simple moving average is $132.81 and its 200-day simple moving average is $134.52. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $34.27 billion, a P/E ratio of 32.29, a P/E/G ratio of 1.77 and a beta of 0.76. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results 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 business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 EPS. On average, equities research analysts expect that Electronic Arts Inc. will post 5.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EA. Stifel Nicolaus boosted their target price 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. Oppenheimer reaffirmed an “outperform” rating and set a $150.00 price target on shares of Electronic Arts in a report on Tuesday, April 23rd. BMO Capital Markets began coverage on shares of Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective for the company. Wedbush reaffirmed an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a research note on Wednesday, January 31st. Finally, UBS Group dropped their price target on 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $146.72.

Insiders Place Their Bets

In related news, insider Vijayanthimala Singh sold 800 shares of the company’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 transaction of $109,944.00. Following the completion of the transaction, the insider now owns 28,683 shares in the company, valued at $3,941,904.69. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm’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 completion of the sale, the insider now directly owns 28,683 shares in the company, valued at $3,941,904.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Laura Miele sold 2,000 shares of the 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 transaction, the chief operating officer now directly owns 38,548 shares of the company’s stock, valued at approximately $5,297,651.64. The disclosure for this sale can be found here. Insiders sold a total of 37,144 shares of company stock valued at $5,114,335 over the last quarter. 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.