Larson Financial Group LLC Makes New Investment in Electronic Arts Inc. (NASDAQ:EA)

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

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of 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 buying an additional 3,600,388 shares in the last quarter. Invesco Ltd. grew its stake in shares of 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 buying an additional 301,194 shares in the last quarter. Morgan Stanley lifted its holdings 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 worth $408,084,000 after acquiring an additional 389,063 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of 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 acquiring an additional 60,359 shares during the last quarter. Finally, DNB Asset Management AS lifted its holdings in shares of 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 acquiring an additional 1,064,022 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Benchmark restated a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a report on Thursday, April 18th. Oppenheimer restated an “outperform” rating and issued a $150.00 target price on shares of Electronic Arts in a report on Tuesday. Stifel Nicolaus raised their target price on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Wedbush restated an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a report on Wednesday, January 31st. Finally, 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 report on Wednesday, March 27th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.00.

Insider Activity

In other news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts 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 transaction, the insider now 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 can be accessed through this link. In other news, COO Laura Miele sold 2,000 shares of Electronic Arts 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 $274,860.00. Following the transaction, the chief operating officer now owns 38,548 shares of the company’s stock, valued at approximately $5,297,651.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total transaction of $109,944.00. Following the completion of the transaction, the insider now directly owns 28,683 shares in the company, valued at approximately $3,941,904.69. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,144 shares of company stock worth $5,114,335. 0.20% of the stock is currently owned by corporate insiders.

Electronic Arts Trading Up 0.5 %

NASDAQ:EA opened at $127.90 on Friday. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $144.53. 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 firm 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 firm has a 50-day simple moving average of $133.38 and a 200-day simple moving average of $134.50.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the firm posted $2.29 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities analysts anticipate that Electronic Arts Inc. will post 5.35 EPS for the current fiscal year.

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.