K.J. Harrison & Partners Inc Takes $958,000 Position in Electronic Arts Inc. (NASDAQ:EA)

K.J. Harrison & Partners Inc bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,000 shares of the game software company's stock, valued at approximately $958,000.

A number of other large investors have also bought and sold shares of the business. AE Wealth Management LLC grew its stake in shares of Electronic Arts by 41.4% during the 3rd quarter. AE Wealth Management LLC now owns 3,441 shares of the game software company's stock worth $414,000 after acquiring an additional 1,007 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Electronic Arts by 20.6% during the 3rd quarter. IFP Advisors Inc now owns 608 shares of the game software company's stock worth $73,000 after acquiring an additional 104 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Electronic Arts by 116.4% during the 3rd quarter. Global Retirement Partners LLC now owns 701 shares of the game software company's stock worth $85,000 after acquiring an additional 377 shares in the last quarter. Czech National Bank grew its stake in shares of Electronic Arts by 39.7% during the 3rd quarter. Czech National Bank now owns 43,089 shares of the game software company's stock worth $5,188,000 after acquiring an additional 12,250 shares in the last quarter. Finally, First Personal Financial Services grew its stake in shares of Electronic Arts by 3.1% during the 3rd quarter. First Personal Financial Services now owns 39,521 shares of the game software company's stock worth $4,758,000 after acquiring an additional 1,200 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $127.19, for a total value of $317,975.00. Following the completion of the transaction, the chief executive officer now owns 23,430 shares of the company's stock, valued at $2,980,061.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Andrew Wilson sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $127.19, for a total value of $317,975.00. Following the completion of the transaction, the chief executive officer now owns 23,430 shares of the company's stock, valued at $2,980,061.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $128.21, for a total transaction of $128,210.00. Following the sale, the insider now directly owns 18,426 shares of the company's stock, valued at approximately $2,362,397.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,144 shares of company stock valued at $5,114,335. 0.20% of the stock is currently owned by corporate insiders.

Electronic Arts Price Performance

EA traded up $0.59 on Friday, hitting $127.90. 1,220,603 shares of the stock were exchanged, compared to its average volume of 1,679,358. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization of $34.19 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 1.77 and a beta of 0.76. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $144.53. The business has a 50-day moving average of $133.38 and a two-hundred day moving average of $134.55.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its 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). The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.40 billion. Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The firm's revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.29 EPS. Sell-side analysts forecast that Electronic Arts Inc. will post 5.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EA. BMO Capital Markets began coverage on shares of Electronic Arts in a research note on Tuesday, January 9th. They set an "outperform" rating and a $160.00 price target for the company. Oppenheimer restated an "outperform" rating and set a $150.00 target price on shares of Electronic Arts in a report on Tuesday. Stifel Nicolaus boosted 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 set 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 on the stock in a report on Wednesday, March 27th. Eight 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $147.00.

Electronic Arts Company 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.