Electronic Arts Inc. (EA) Shares Bought by Wasatch Advisors Inc.

Wasatch Advisors Inc. increased its stake in Electronic Arts Inc. (NASDAQ:EA) by 88.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,000 shares of the game software company’s stock after purchasing an additional 8,000 shares during the period. Wasatch Advisors Inc.’s holdings in Electronic Arts were worth $1,786,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its stake in shares of Electronic Arts by 928.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock worth $273,399,000 after buying an additional 2,334,600 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Electronic Arts during the 3rd quarter worth about $148,789,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Electronic Arts by 145.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,208,784 shares of the game software company’s stock worth $127,793,000 after buying an additional 715,862 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Electronic Arts by 65.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,425,278 shares of the game software company’s stock worth $150,688,000 after buying an additional 561,322 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of Electronic Arts by 49.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,570,034 shares of the game software company’s stock worth $185,358,000 after buying an additional 520,560 shares during the last quarter. 92.63% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Inc. (EA) traded up $4.10 during trading on Friday, reaching $120.64. 5,659,530 shares of the company’s stock traded hands, compared to its average volume of 4,997,839. The company has a market cap of $37,003.66, a PE ratio of 37.70, a P/E/G ratio of 2.19 and a beta of 0.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.38 and a current ratio of 1.92. Electronic Arts Inc. has a 52-week low of $81.49 and a 52-week high of $131.01.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.03. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. equities analysts forecast that Electronic Arts Inc. will post 3.66 EPS for the current year.

A number of equities analysts have recently commented on EA shares. Morgan Stanley restated an “overweight” rating and set a $126.00 price objective (down from $128.00) on shares of Electronic Arts in a research note on Wednesday, October 18th. BidaskClub downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Wedbush set a $136.00 price objective on shares of Electronic Arts and gave the stock a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $130.00 target price on shares of Electronic Arts in a report on Wednesday, November 1st. Seven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $130.34.

In other news, CFO Blake J. Jorgensen sold 10,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $118.90, for a total transaction of $1,248,450.00. Following the transaction, the chief financial officer now directly owns 148,971 shares of the company’s stock, valued at $17,712,651.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 10,058 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $105.76, for a total transaction of $1,063,734.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,158 shares of company stock worth $7,546,309. Insiders own 2.55% of the company’s stock.

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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.

Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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