DoubleLine ETF Adviser LP Has $3.87 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

DoubleLine ETF Adviser LP trimmed its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 13.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,477 shares of the game software company's stock after selling 4,040 shares during the quarter. Electronic Arts comprises 1.0% of DoubleLine ETF Adviser LP's investment portfolio, making the stock its 28th biggest holding. DoubleLine ETF Adviser LP's holdings in Electronic Arts were worth $3,874,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in Electronic Arts during the third quarter worth $428,000. Tidal Investments LLC boosted its stake in shares of Electronic Arts by 20.6% during the 3rd quarter. Tidal Investments LLC now owns 45,630 shares of the game software company's stock worth $6,545,000 after purchasing an additional 7,786 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Electronic Arts by 8.4% during the third quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company's stock worth $124,548,000 after buying an additional 66,797 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Electronic Arts by 9,280.0% in the fourth quarter. Versant Capital Management Inc now owns 469 shares of the game software company's stock valued at $69,000 after buying an additional 464 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Electronic Arts by 25.1% during the fourth quarter. GAMMA Investing LLC now owns 5,727 shares of the game software company's stock valued at $838,000 after buying an additional 1,150 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $145.56, for a total value of $145,560.00. Following the completion of the sale, the insider now directly owns 25,216 shares of the company's stock, valued at $3,670,440.96. This trade represents a 3.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the transaction, the chief executive officer now directly owns 37,615 shares in the company, valued at $4,895,216.10. The trade was a 11.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,000 shares of company stock valued at $3,178,300 in the last ninety days. 0.22% of the stock is owned by insiders.

Electronic Arts Price Performance

EA stock traded up $6.00 during trading on Friday, hitting $151.10. The company had a trading volume of 5,109,190 shares, compared to its average volume of 2,683,048. The company has a fifty day moving average price of $140.91 and a two-hundred day moving average price of $144.56. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The company has a market cap of $39.38 billion, a P/E ratio of 38.45, a P/E/G ratio of 3.58 and a beta of 0.74. 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 (NASDAQ:EA - Get Free Report) last issued its quarterly earnings data 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 return on equity of 17.80% and a net margin of 14.28%. Equities research analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Oppenheimer raised their price objective on Electronic Arts from $140.00 to $170.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. BMO Capital Markets cut their target price on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. JPMorgan Chase & Co. upped their price target on shares of Electronic Arts from $125.00 to $135.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 22nd. Ascendiant Capital Markets raised their price objective on Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Finally, StockNews.com lowered shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $154.22.

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.