Alaska Permanent Fund Corp Boosts Holdings in Electronic Arts Inc. (NASDAQ:EA)

Alaska Permanent Fund Corp lifted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,806 shares of the game software company’s stock after buying an additional 115 shares during the period. Alaska Permanent Fund Corp’s holdings in Electronic Arts were worth $1,478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Electronic Arts by 16.3% during the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after acquiring an additional 3,600,388 shares during the last quarter. Invesco Ltd. boosted its holdings in Electronic Arts by 7.8% in 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 during the last quarter. Morgan Stanley boosted its holdings in Electronic Arts by 13.0% in 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 during the last quarter. Northern Trust Corp boosted its holdings 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 purchasing an additional 60,359 shares during the last quarter. Finally, DNB Asset Management AS boosted its holdings in Electronic Arts by 82.3% in 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. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $137.43, for a total value of $109,944.00. Following the sale, the insider now directly owns 28,683 shares of the company’s stock, valued at approximately $3,941,904.69. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $137.43, for a total value of $109,944.00. Following the sale, the insider now directly owns 28,683 shares of the company’s stock, valued at approximately $3,941,904.69. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $128.21, for a total transaction of $128,210.00. Following the completion of the sale, the insider now directly owns 18,426 shares in the company, valued at $2,362,397.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,644 shares of company stock valued at $4,796,360. Insiders own 0.20% of the company’s stock.

Electronic Arts Price Performance

Shares of EA opened at $126.49 on Friday. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53. The firm’s 50 day moving average price is $133.67 and its 200 day moving average price is $134.48. The company has a market cap of $33.82 billion, a P/E ratio of 32.07, a PEG ratio of 1.78 and a beta of 0.76. 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 announced 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). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the company earned $2.29 earnings per share. Electronic Arts’s quarterly revenue was up 1.0% on a year-over-year basis. On average, research analysts forecast that Electronic Arts Inc. will post 5.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EA shares. UBS Group decreased their target price on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. BMO Capital Markets started coverage on shares of Electronic Arts in a report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 target price on the stock. Benchmark reiterated a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a report on Thursday, April 18th. Oppenheimer reissued an “outperform” rating and issued a $150.00 price target on shares of Electronic Arts in a research note on Tuesday. Finally, Wedbush reissued an “outperform” rating and issued a $162.00 price target on shares of Electronic Arts in a research note on Wednesday, January 31st. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently 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.