Anchor Capital Advisors LLC Has $1.62 Million Position in Electronic Arts Inc. (NASDAQ:EA)

Anchor Capital Advisors LLC decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 20.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,813 shares of the game software company’s stock after selling 2,980 shares during the period. Anchor Capital Advisors LLC’s holdings in Electronic Arts were worth $1,616,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EA. Intrust Bank NA grew its position in Electronic Arts by 18.5% in the fourth quarter. Intrust Bank NA now owns 2,583 shares of the game software company’s stock valued at $353,000 after acquiring an additional 404 shares during the last quarter. Marco Investment Management LLC increased its position in Electronic Arts by 14.0% during the 4th quarter. Marco Investment Management LLC now owns 2,040 shares of the game software company’s stock worth $279,000 after purchasing an additional 250 shares in the last quarter. Gitterman Wealth Management LLC bought a new position in shares of Electronic Arts in the 4th quarter valued at $242,000. PGGM Investments increased its holdings in Electronic Arts by 33.1% in the 4th quarter. PGGM Investments now owns 42,556 shares of the game software company’s stock worth $5,822,000 after purchasing an additional 10,578 shares in the last quarter. Finally, Unique Wealth Strategies LLC bought a new position in Electronic Arts in the fourth quarter valued at about $655,000. 90.23% of the stock is owned by institutional investors.

Electronic Arts Stock Down 0.7 %

Shares of EA traded down $0.91 on Tuesday, reaching $126.99. The company’s stock had a trading volume of 185,451 shares, compared to its average volume of 1,966,805. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $144.53. The stock has a market capitalization of $33.95 billion, a PE ratio of 32.22, a PEG ratio of 1.77 and a beta of 0.76. 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 firm has a fifty day moving average of $133.09 and a 200-day moving average of $134.56.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share 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 company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the business earned $2.29 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities analysts predict that Electronic Arts Inc. will post 5.35 EPS for the current year.

Insider Activity at Electronic Arts

In related news, 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 transaction of $109,944.00. Following the transaction, the insider now directly owns 28,683 shares of the company’s stock, valued at $3,941,904.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total transaction of $109,944.00. Following the sale, the insider now directly owns 28,683 shares in the company, valued at $3,941,904.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the sale, the insider now owns 20,258 shares in the company, valued at $2,901,755.92. The disclosure for this sale can be found here. In the last three months, insiders sold 37,144 shares of company stock valued at $5,114,335. 0.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. BMO Capital Markets initiated coverage on Electronic Arts in a report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price target on the stock. Oppenheimer reissued an “outperform” rating and set a $150.00 target price on shares of Electronic Arts in a report on Tuesday, April 23rd. Stifel Nicolaus raised their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. UBS Group reduced their price objective on shares of 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 reaffirmed a “buy” rating and set a $153.00 target price 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Electronic Arts presently has an average rating of “Moderate Buy” and a consensus target price of $147.00.

About Electronic Arts

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.