Susquehanna Fundamental Investments LLC Acquires New Position in Electronic Arts Inc. (NASDAQ:EA)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 84,994 shares of the game software company's stock, valued at approximately $12,435,000.

A number of other institutional investors have also recently made changes to their positions in EA. Capital International Investors grew its position 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 buying an additional 605,796 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Electronic Arts by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company's stock valued at $978,650,000 after purchasing an additional 30,929 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Electronic Arts by 6.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company's stock valued at $648,169,000 after acquiring an additional 270,991 shares in the last quarter. Invesco Ltd. lifted its position in shares of Electronic Arts by 3.9% during the fourth quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company's stock valued at $472,362,000 after purchasing an additional 120,632 shares in the last quarter. Finally, Amundi grew its holdings in shares of Electronic Arts by 4.3% in the fourth quarter. Amundi now owns 2,990,729 shares of the game software company's stock valued at $431,315,000 after acquiring an additional 122,494 shares in the last quarter. Institutional investors own 90.23% of the company's stock.

Wall Street Analyst Weigh In

EA has been the subject of several research reports. Roth Mkm reduced their price target on shares of Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a research report on Thursday, January 23rd. Robert W. Baird dropped their price objective on Electronic Arts from $175.00 to $158.00 and set an "outperform" rating on the stock in a report on Thursday, January 23rd. DA Davidson started coverage on shares of Electronic Arts in a report on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 price target on the stock. Bank of America raised their target price on shares of Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Finally, Benchmark upped their price objective on Electronic Arts from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Electronic Arts has an average rating of "Hold" and a consensus price target of $154.22.

Electronic Arts Stock Up 4.1 %

Electronic Arts stock traded up $5.97 during trading hours on Friday, hitting $151.07. 3,269,015 shares of the stock traded hands, compared to its average volume of 2,667,463. 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 Inc. has a one year low of $115.21 and a one year high of $168.50. The company has a market cap of $39.37 billion, a PE ratio of 38.41, a PEG ratio of 3.58 and a beta of 0.74. The firm's 50-day moving average price is $140.53 and its two-hundred day moving average price is $144.53.

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

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated 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 owns 37,615 shares of the company's stock, valued at approximately $4,895,216.10. This represents a 11.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the transaction, the insider now owns 28,216 shares in the company, valued at $3,443,198.48. This trade represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,000 shares of company stock valued at $3,032,740. 0.22% of the stock is owned by insiders.

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.