Summit Global Investments Grows Holdings in Electronic Arts Inc. (NASDAQ:EA)

Summit Global Investments raised its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,123 shares of the game software company's stock after buying an additional 16,428 shares during the quarter. Electronic Arts comprises approximately 1.4% of Summit Global Investments' portfolio, making the stock its 13th biggest position. Summit Global Investments owned 0.06% of Electronic Arts worth $21,086,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Electronic Arts by 23.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company's stock worth $2,753,000 after buying an additional 4,411 shares in the last quarter. Value Partners Investments Inc. lifted its position in shares of Electronic Arts by 33.5% during the fourth quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company's stock valued at $53,761,000 after buying an additional 107,709 shares during the last quarter. Metis Global Partners LLC boosted its holdings in Electronic Arts by 14.7% in the third quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company's stock worth $1,381,000 after acquiring an additional 1,469 shares in the last quarter. Morgan Stanley lifted its position in Electronic Arts by 13.0% during the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company's stock worth $408,084,000 after acquiring an additional 389,063 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Electronic Arts by 16.3% in the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company's stock valued at $3,086,621,000 after purchasing an additional 3,600,388 shares during the last quarter. Institutional investors own 90.23% of the company's stock.

Electronic Arts Trading Up 0.2 %

NASDAQ:EA traded up $0.32 on Thursday, hitting $128.50. 1,543,989 shares of the stock were exchanged, compared to its average volume of 1,979,381. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $144.53. The company's 50-day moving average price is $132.55 and its 200 day moving average price is $134.48. The stock has a market capitalization of $34.35 billion, a price-to-earnings ratio of 32.08, a P/E/G ratio of 1.70 and a beta of 0.78.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing analysts' consensus estimates of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the firm earned $2.29 earnings per share. The business's revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities research analysts forecast that Electronic Arts Inc. will post 5.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EA has been the subject of several research reports. 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 objective for the company. Benchmark restated a "buy" rating and set a $153.00 price target on shares of Electronic Arts in a research report on Thursday, April 18th. Roth Mkm reduced their target price on shares of Electronic Arts from $140.00 to $135.00 and set a "neutral" rating on the stock in a report on Wednesday. Wedbush reiterated an "outperform" rating and issued a $162.00 price objective on shares of Electronic Arts in a research note on Thursday. Finally, Oppenheimer reissued an "outperform" rating and issued a $150.00 target price on shares of Electronic Arts in a report on Tuesday, April 23rd. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Electronic Arts has an average rating of "Moderate Buy" and a consensus price target of $146.72.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $142.39, for a total transaction of $355,975.00. Following the transaction, the chief executive officer now directly owns 28,430 shares of the company's stock, valued at $4,048,147.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Andrew Wilson sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $142.39, for a total value of $355,975.00. Following the completion of the transaction, the chief executive officer now owns 28,430 shares in the company, valued at approximately $4,048,147.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Luis A. Ubinas sold 4,872 shares of the business's stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $136.84, for a total transaction of $666,684.48. The disclosure for this sale can be found here. Insiders sold 34,344 shares of company stock valued at $4,729,531 in the last quarter. 0.20% of the stock is currently owned by insiders.

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.