Larson Financial Group LLC Acquires New Position in Electronic Arts Inc. (NASDAQ:EA)

Larson Financial Group LLC acquired a new stake in Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 220 shares of the game software company’s stock, valued at approximately $30,000.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Electronic Arts by 16.3% in the third 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 during the period. Invesco Ltd. boosted its stake in Electronic Arts by 7.8% during the third quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company’s stock worth $500,449,000 after buying an additional 301,194 shares during the period. Morgan Stanley boosted its stake in 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. Northern Trust Corp boosted its stake in Electronic Arts by 1.9% during the third quarter. Northern Trust Corp now owns 3,171,252 shares of the game software company’s stock worth $381,819,000 after buying an additional 60,359 shares during the period. Finally, DNB Asset Management AS boosted its stake in 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. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Up 0.5 %

Shares of NASDAQ:EA opened at $127.90 on Friday. The firm’s 50 day moving average price is $133.38 and its 200 day moving average price is $134.50. The stock has a market cap of $34.19 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($1.38). The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates 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 was up 1.0% compared to the same quarter last year. During the same period last year, the business earned $2.29 EPS. As a group, equities research analysts predict that Electronic Arts Inc. will post 5.35 earnings per share for the current fiscal year.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $137.43, for a total transaction of $109,944.00. Following the sale, the insider now owns 28,683 shares of the company’s stock, valued at $3,941,904.69. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $137.43, for a total transaction of $109,944.00. Following the sale, the insider now owns 28,683 shares of the company’s stock, valued at $3,941,904.69. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $142.39, for a total transaction of $355,975.00. Following the sale, the chief executive officer now directly owns 28,430 shares in the company, valued at approximately $4,048,147.70. The disclosure for this sale can be found here. Insiders have sold a total of 37,144 shares of company stock valued at $5,114,335 over the last 90 days. 0.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EA. UBS Group lowered their target price on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 27th. 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. Stifel Nicolaus increased their target price on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Oppenheimer reaffirmed an “outperform” rating and set a $150.00 target price on shares of Electronic Arts in a research note on Tuesday. Finally, Benchmark reaffirmed a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a research note on Thursday, April 18th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $147.00.

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.