Baird Financial Group Inc. Raises Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Baird Financial Group Inc. lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 26.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,753 shares of the game software company's stock after acquiring an additional 33,146 shares during the quarter. Baird Financial Group Inc. owned 0.06% of Electronic Arts worth $23,226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EA. Swedbank AB grew its position in shares of Electronic Arts by 6.3% in the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company's stock valued at $235,224,000 after purchasing an additional 95,190 shares during the last quarter. Atomi Financial Group Inc. purchased a new position in Electronic Arts during the fourth quarter worth $217,000. Huntington National Bank raised its holdings in shares of Electronic Arts by 31.4% in the fourth quarter. Huntington National Bank now owns 338,870 shares of the game software company's stock worth $49,577,000 after acquiring an additional 80,968 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Electronic Arts by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company's stock valued at $213,089,000 after acquiring an additional 36,153 shares in the last quarter. Finally, Fisher Funds Management LTD acquired a new stake in shares of Electronic Arts during the fourth quarter valued at $3,730,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EA. BMO Capital Markets cut their target price on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Wedbush reissued an "outperform" rating and issued a $173.00 price objective on shares of Electronic Arts in a research report on Thursday, January 23rd. UBS Group raised their target price on shares of Electronic Arts from $138.00 to $152.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. JPMorgan Chase & Co. lifted their price target on Electronic Arts from $125.00 to $135.00 and gave the company a "neutral" rating in a report on Tuesday, April 22nd. Finally, Oppenheimer increased their price objective on shares of Electronic Arts from $140.00 to $170.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Electronic Arts has an average rating of "Hold" and a consensus price target of $154.22.

Electronic Arts Trading Up 2.4 %

NASDAQ EA opened at $154.74 on Tuesday. The stock has a market cap of $40.33 billion, a P/E ratio of 39.37, a PEG ratio of 3.58 and a beta of 0.74. The company's fifty day simple moving average is $141.39 and its 200-day simple moving average is $144.63. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Equities research analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $145.56, for a total transaction of $145,560.00. Following the transaction, the insider now owns 25,216 shares of the company's stock, valued at approximately $3,670,440.96. This trade represents a 3.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $130.83, for a total value of $327,075.00. Following the completion of the sale, the insider now directly owns 47,514 shares of the company's stock, valued at approximately $6,216,256.62. This represents a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,000 shares of company stock worth $3,056,270. 0.22% of the stock is currently owned by corporate insiders.

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.

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