Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Northern Trust Corp

Northern Trust Corp increased its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 12.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,257,281 shares of the game software company's stock after purchasing an additional 360,563 shares during the period. Northern Trust Corp owned 1.25% of Electronic Arts worth $476,540,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Los Angeles Capital Management LLC grew its position in shares of Electronic Arts by 353.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company's stock valued at $185,692,000 after purchasing an additional 989,319 shares in the last quarter. FMR LLC grew its holdings in Electronic Arts by 224.8% during the 4th quarter. FMR LLC now owns 1,207,854 shares of the game software company's stock valued at $176,709,000 after buying an additional 835,985 shares in the last quarter. Norges Bank bought a new stake in Electronic Arts in the 4th quarter worth approximately $96,698,000. Capital International Investors raised its holdings in shares of Electronic Arts by 5.2% during the 4th quarter. Capital International Investors now owns 12,156,791 shares of the game software company's stock worth $1,778,553,000 after acquiring an additional 605,796 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Electronic Arts by 591.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 696,861 shares of the game software company's stock valued at $101,951,000 after acquiring an additional 596,141 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Up 4.1 %

Shares of EA stock traded up $6.00 during mid-day trading on Friday, hitting $151.10. The stock had a trading volume of 5,109,190 shares, compared to its average volume of 2,678,916. 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 firm's 50-day moving average is $140.91 and its two-hundred day moving average is $144.56. The firm has a market capitalization of $39.38 billion, a P/E ratio of 38.45, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS 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%. On average, analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EA has been the topic of a number of recent research reports. Stifel Nicolaus decreased their price target on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a research note on Tuesday, January 21st. Oppenheimer upped their target price on shares of Electronic Arts from $140.00 to $170.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. BMO Capital Markets dropped their price target on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. DA Davidson assumed coverage on Electronic Arts in a research report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price objective on the stock. Finally, Benchmark lifted their target price on Electronic Arts from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Electronic Arts presently has an average rating of "Hold" and an average target price of $154.22.

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm's 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 sale, the chief executive officer now directly owns 37,615 shares in the company, valued at $4,895,216.10. This trade represents a 11.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total transaction of $218,475.00. Following the completion of the transaction, the executive vice president now directly owns 19,033 shares in the company, valued at $2,772,156.45. This represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock valued at $3,178,300 over the last 90 days. Corporate insiders own 0.22% 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.