Alaska Permanent Fund Corp Purchases 115 Shares of Electronic Arts Inc. (NASDAQ:EA)

Alaska Permanent Fund Corp boosted its position in Electronic Arts Inc. (NASDAQ:EA) by 1.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,806 shares of the game software company’s stock after buying an additional 115 shares during the period. Alaska Permanent Fund Corp’s holdings in Electronic Arts were worth $1,478,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EA. Jennison Associates LLC increased its holdings in Electronic Arts by 1.3% during the 4th quarter. Jennison Associates LLC now owns 6,339 shares of the game software company’s stock worth $867,000 after purchasing an additional 84 shares in the last quarter. Knights of Columbus Asset Advisors LLC grew its holdings in shares of Electronic Arts by 0.3% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 34,102 shares of the game software company’s stock valued at $4,106,000 after acquiring an additional 86 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of Electronic Arts by 0.3% in the third quarter. Van Lanschot Kempen Investment Management N.V. now owns 27,085 shares of the game software company’s stock valued at $3,261,000 after acquiring an additional 87 shares in the last quarter. Mirador Capital Partners LP grew its holdings in shares of Electronic Arts by 2.9% in the fourth quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company’s stock valued at $447,000 after acquiring an additional 91 shares in the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of Electronic Arts by 4.1% in the fourth quarter. Whittier Trust Co. now owns 2,355 shares of the game software company’s stock valued at $322,000 after acquiring an additional 93 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was 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 this link. In other news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $142.39, for a total transaction of $355,975.00. Following the completion of the sale, the chief executive officer now directly owns 28,430 shares in the company, valued at $4,048,147.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $137.43, for a total transaction of $109,944.00. Following the completion of the sale, the insider now owns 28,683 shares of the company’s stock, valued at $3,941,904.69. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,644 shares of company stock valued at $4,796,360. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on EA. Oppenheimer reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Electronic Arts in a report on Tuesday. Stifel Nicolaus upped their price objective on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. BMO Capital Markets started coverage on Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective on the stock. UBS Group dropped their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. Finally, Benchmark reiterated a “buy” rating and issued a $153.00 price objective on shares of Electronic Arts in a research note on Thursday, April 18th. Eight equities 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

Electronic Arts Stock Down 0.6 %

EA opened at $126.49 on Friday. The stock has a market cap of $33.82 billion, a PE ratio of 32.07, a P/E/G ratio of 1.78 and a beta of 0.76. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $144.53. The business’s fifty day simple moving average is $133.67 and its 200 day simple moving average is $134.48.

Electronic Arts (NASDAQ:EA) last released its 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). The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.29 EPS. As a group, research analysts expect that Electronic Arts Inc. will post 5.35 earnings per share for the current fiscal year.

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.