Baader Bank Aktiengesellschaft Takes Position in Electronic Arts Inc. (NASDAQ:EA)

Baader Bank Aktiengesellschaft acquired a new stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,353 shares of the game software company's stock, valued at approximately $636,000.

A number of other large investors also recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. raised its stake in shares of Electronic Arts by 51.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company's stock worth $160,893,000 after acquiring an additional 373,730 shares in the last quarter. abrdn plc lifted its holdings in shares of Electronic Arts by 59.2% during the 3rd quarter. abrdn plc now owns 858,840 shares of the game software company's stock valued at $123,484,000 after purchasing an additional 319,335 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Electronic Arts by 8,503.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company's stock worth $45,626,000 after purchasing an additional 314,388 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Electronic Arts during the 3rd quarter worth $40,154,000. Finally, Huntington National Bank increased its position in Electronic Arts by 983.4% during the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company's stock valued at $36,993,000 after buying an additional 234,098 shares in the last quarter. Institutional investors own 90.23% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Benchmark reiterated a "buy" rating and set a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, October 30th. Roth Mkm cut their price target on shares of Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. BMO Capital Markets lowered shares of Electronic Arts from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $160.00 to $145.00 in a research note on Thursday, January 23rd. Finally, Bank of America cut shares of Electronic Arts from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $170.00 to $130.00 in a report on Thursday, January 23rd. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $157.43.

Electronic Arts Trading Up 3.5 %

EA stock traded up $4.20 during midday trading on Friday, hitting $122.88. 1,526,561 shares of the company's stock were exchanged, compared to its average volume of 3,818,649. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $32.23 billion, a PE ratio of 31.60, a P/E/G ratio of 2.38 and a beta of 0.80. The business has a 50-day simple moving average of $148.54 and a two-hundred day simple moving average of $148.09.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total transaction of $395,075.00. Following the sale, the insider now owns 50,433 shares in the company, valued at $7,969,926.99. This represents a 4.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the transaction, the chief executive officer now owns 52,615 shares of the company's stock, valued at $8,758,819.05. The trade was a 8.68 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,000 shares of company stock worth $3,835,555. 0.22% of the stock is currently owned by insiders.

Electronic Arts Company 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.