Tokio Marine Asset Management Co. Ltd. Purchases 343 Shares of Electronic Arts Inc. (NASDAQ:EA)

Tokio Marine Asset Management Co. Ltd. lifted its position in Electronic Arts Inc. (NASDAQ:EA) by 6.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,875 shares of the game software company’s stock after buying an additional 343 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Electronic Arts were worth $804,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in 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 worth $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% in the 3rd quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company’s stock worth $500,449,000 after purchasing an additional 301,194 shares during the period. Morgan Stanley boosted its stake 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 worth $408,084,000 after purchasing an additional 389,063 shares during the period. Northern Trust Corp boosted 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 worth $381,819,000 after purchasing an additional 60,359 shares during the period. Finally, DNB Asset Management AS boosted its stake 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 worth $322,494,000 after purchasing an additional 1,064,022 shares during the period. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Up 0.5 %

Electronic Arts stock opened at $127.90 on Friday. The stock has a market cap of $34.19 billion, a P/E ratio of 32.22, a P/E/G ratio of 1.77 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 Inc. has a twelve month low of $117.47 and a twelve month high of $144.53. The company’s 50-day moving average price is $133.38 and its two-hundred day moving average price is $134.50.

Electronic Arts (NASDAQ:EA) last released its quarterly 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 company had revenue of $2.37 billion during 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 firm’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.29 earnings per share. As a group, analysts expect that Electronic Arts Inc. will post 5.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on EA shares. Oppenheimer reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Electronic Arts in a research note on Tuesday. Benchmark restated a “buy” rating and set a $153.00 price objective on shares of Electronic Arts in a research note on Thursday, April 18th. BMO Capital Markets initiated coverage on shares of Electronic Arts in a research note on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective for the company. Stifel Nicolaus increased their price objective 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. Finally, Wedbush restated an “outperform” rating and set a $162.00 price objective 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 issued a strong buy rating to the company. According to MarketBeat.com, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average price target of $147.00.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $127.19, for a total transaction of $317,975.00. Following the transaction, the chief executive officer now directly owns 23,430 shares of the company’s stock, valued at $2,980,061.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $140.26, for a total transaction of $210,390.00. Following the transaction, the chief financial officer now directly owns 4,894 shares of the company’s stock, valued at $686,432.44. 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 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $127.19, for a total transaction of $317,975.00. Following the transaction, the chief executive officer now directly owns 23,430 shares in the company, valued at $2,980,061.70. 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 in the last three months. 0.20% of the stock is currently owned by company insiders.

Electronic Arts 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.