Intrust Bank NA Acquires 404 Shares of Electronic Arts Inc. (NASDAQ:EA)

Intrust Bank NA raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 18.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,583 shares of the game software company’s stock after acquiring an additional 404 shares during the period. Intrust Bank NA’s holdings in Electronic Arts were worth $353,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV boosted its stake in Electronic Arts by 23.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company’s stock worth $2,753,000 after acquiring an additional 4,411 shares during the last quarter. Value Partners Investments Inc. grew its holdings in shares of Electronic Arts by 33.5% in the 4th quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company’s stock valued at $53,761,000 after buying an additional 107,709 shares during the period. Metis Global Partners LLC grew its holdings in shares of Electronic Arts by 14.7% in the 3rd quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company’s stock valued at $1,381,000 after buying an additional 1,469 shares during the period. Morgan Stanley increased its position in shares of 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 buying an additional 389,063 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Electronic Arts by 16.3% during 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 buying an additional 3,600,388 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on EA shares. BMO Capital Markets began coverage on Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 target price for the company. Oppenheimer reiterated an “outperform” rating and issued a $150.00 price objective on shares of Electronic Arts in a research report on Tuesday, April 23rd. UBS Group lowered their target price 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. Roth Mkm cut their price target on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, 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 report on Thursday, January 18th. Eight investment 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.72.

Electronic Arts Stock Performance

EA opened at $128.18 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. The business’s 50-day simple moving average is $132.81 and its 200 day simple moving average is $134.52. The firm has a market capitalization of $34.27 billion, a PE ratio of 32.29, a PEG ratio of 1.70 and a beta of 0.78. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $144.53.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data 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). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the company earned $2.29 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, sell-side analysts expect that Electronic Arts Inc. will post 5.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $2,980,061.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the sale, the insider now owns 20,258 shares of the company’s stock, valued at approximately $2,901,755.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction 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 of the company’s stock, valued at $2,980,061.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,344 shares of company stock worth $4,729,531. Insiders own 0.20% of the company’s stock.

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.