K.J. Harrison & Partners Inc Purchases Shares of 7,000 Electronic Arts Inc. (NASDAQ:EA)

K.J. Harrison & Partners Inc acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,000 shares of the game software company’s stock, valued at approximately $958,000.

A number of other hedge funds have also modified their holdings of the stock. Motley Fool Asset Management LLC raised its holdings in shares of Electronic Arts by 4.4% during the 4th quarter. Motley Fool Asset Management LLC now owns 8,040 shares of the game software company’s stock valued at $1,100,000 after purchasing an additional 341 shares in the last quarter. Jackson Hole Capital Partners LLC increased its position in Electronic Arts by 13.4% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 7,010 shares of the game software company’s stock worth $959,000 after buying an additional 831 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Electronic Arts by 1.4% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 371,001 shares of the game software company’s stock valued at $50,757,000 after buying an additional 4,964 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Electronic Arts by 6.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,875 shares of the game software company’s stock worth $804,000 after buying an additional 343 shares during the last quarter. Finally, Cognios Beta Neutral Large Cap Fund LP bought a new stake in shares of Electronic Arts during the 4th quarter worth about $479,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EA shares. Wedbush restated an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a report on Wednesday, January 31st. Stifel Nicolaus boosted their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Oppenheimer reiterated an “outperform” rating and issued a $150.00 target price on shares of Electronic Arts in a research note on Tuesday. BMO Capital Markets initiated coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 target price for the company. Finally, Benchmark reaffirmed a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a research report on Thursday, April 18th. Eight research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $147.00.

Electronic Arts Price Performance

NASDAQ:EA traded up $0.59 during mid-day trading on Friday, hitting $127.90. The company’s stock had a trading volume of 1,220,603 shares, compared to its average volume of 1,679,358. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $34.19 billion, a price-to-earnings ratio of 32.22, a P/E/G ratio of 1.77 and a beta of 0.76. The stock has a fifty day moving average of $133.38 and a 200-day moving average of $134.50.

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

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Thursday, April 25th. The shares were 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 in the company, valued at $2,980,061.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $127.19, for a total transaction of $317,975.00. Following the completion of the sale, the chief executive officer now owns 23,430 shares in the company, valued at $2,980,061.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $137.43, for a total value of $109,944.00. Following the completion of the transaction, the insider now owns 28,683 shares in the company, valued at approximately $3,941,904.69. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,144 shares of company stock valued at $5,114,335. 0.20% 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.