Boothbay Fund Management LLC Has $712,000 Position in Electronic Arts Inc. (NASDAQ:EA)

Boothbay Fund Management LLC increased its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 86.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,865 shares of the game software company's stock after purchasing an additional 2,254 shares during the quarter. Boothbay Fund Management LLC's holdings in Electronic Arts were worth $712,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EA. Pinnacle Bancorp Inc. grew its stake in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after buying an additional 117 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Electronic Arts during the fourth quarter valued at $32,000. Millstone Evans Group LLC bought a new position in shares of Electronic Arts during the fourth quarter worth about $37,000. SBI Securities Co. Ltd. acquired a new stake in shares of Electronic Arts in the fourth quarter valued at approximately $41,000. Finally, OFI Invest Asset Management bought a new stake in Electronic Arts during the 4th quarter valued at $42,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EA. StockNews.com lowered shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 5th. Bank of America lifted their price objective on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Oppenheimer increased their price target on shares of Electronic Arts from $140.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Benchmark lifted their price objective on Electronic Arts from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, March 24th. Finally, Raymond James downgraded shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Electronic Arts presently has a consensus rating of "Hold" and an average target price of $154.22.

Electronic Arts Stock Performance

Shares of NASDAQ EA traded up $6.00 during trading hours on Friday, reaching $151.10. The stock had a trading volume of 5,109,190 shares, compared to its average volume of 2,678,917. The company has a market cap of $39.38 billion, a price-to-earnings ratio of 38.45, a PEG ratio of 3.58 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The business's fifty day moving average is $140.91 and its two-hundred day moving average is $144.56. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.

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

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the transaction, the chief executive officer now owns 37,615 shares in the company, valued at approximately $4,895,216.10. The trade was a 11.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total value of $327,075.00. Following the sale, the insider now owns 47,514 shares in the company, valued at approximately $6,216,256.62. This trade represents a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,000 shares of company stock worth $3,178,300 over the last three months. Company insiders own 0.22% of the company's stock.

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.