National Bank of Canada FI Acquires 125,670 Shares of Electronic Arts Inc. (NASDAQ:EA)

National Bank of Canada FI lifted its stake in Electronic Arts Inc. (NASDAQ:EA) by 47.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 389,964 shares of the game software company’s stock after purchasing an additional 125,670 shares during the quarter. National Bank of Canada FI owned 0.14% of Electronic Arts worth $52,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of EA. 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 worth $3,086,621,000 after acquiring an additional 3,600,388 shares in the last quarter. Invesco Ltd. increased its position in shares of Electronic Arts by 7.8% during the 3rd quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company’s stock worth $500,449,000 after purchasing an additional 301,194 shares during the last quarter. Morgan Stanley grew its position in Electronic Arts by 13.0% in the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after acquiring an additional 389,063 shares in the last quarter. Northern Trust Corp grew its stake in shares of Electronic Arts by 1.9% in the third quarter. Northern Trust Corp now owns 3,171,252 shares of the game software company’s stock worth $381,819,000 after acquiring an additional 60,359 shares in the last quarter. Finally, DNB Asset Management AS boosted its holdings in Electronic Arts by 82.3% in the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock valued at $322,494,000 after purchasing an additional 1,064,022 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the topic of several research analyst reports. Roth Mkm decreased their price target on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. UBS Group lowered their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a report on Wednesday, March 27th. BMO Capital Markets initiated coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective for the company. Wedbush reissued an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a research report on Thursday. Finally, Benchmark reissued a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a report on Thursday, April 18th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $146.72.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $139.08, for a total transaction of $111,264.00. Following the transaction, the insider now owns 27,883 shares of the company’s stock, valued at approximately $3,877,967.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $139.08, for a total value of $111,264.00. Following the sale, the insider now directly owns 27,883 shares of the company’s stock, valued at $3,877,967.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here. Insiders have sold 37,144 shares of company stock valued at $5,087,143 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Electronic Arts Trading Up 0.2 %

EA stock traded up $0.32 on Monday, reaching $129.88. The company’s stock had a trading volume of 694,303 shares, compared to its average volume of 1,960,153. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $34.72 billion, a PE ratio of 32.63, a PEG ratio of 1.73 and a beta of 0.78. The business has a fifty day simple moving average of $131.99 and a two-hundred day simple moving average of $134.45. Electronic Arts Inc. has a 12-month low of $117.47 and a 12-month high of $144.53.

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.