Pacer Advisors Inc. Boosts Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Pacer Advisors Inc. lifted its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,278 shares of the game software company's stock after buying an additional 4,050 shares during the quarter. Pacer Advisors Inc.'s holdings in Electronic Arts were worth $11,159,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its holdings in shares of Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock valued at $42,000 after acquiring an additional 70 shares during the last quarter. Claro Advisors LLC grew its holdings in Electronic Arts by 3.4% during the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock valued at $334,000 after purchasing an additional 75 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its stake in shares of Electronic Arts by 5.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company's stock worth $225,000 after buying an additional 76 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of Electronic Arts by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company's stock worth $550,000 after buying an additional 82 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in shares of Electronic Arts by 1.7% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company's stock worth $708,000 after buying an additional 83 shares during the period. Institutional investors own 90.23% of the company's stock.

Electronic Arts Price Performance

EA stock traded up $0.57 during trading on Wednesday, reaching $117.10. 4,315,853 shares of the company were exchanged, compared to its average volume of 3,928,381. The company has a market capitalization of $30.71 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 1.87 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The company has a 50-day moving average of $150.52 and a two-hundred day moving average of $148.52. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.

Analysts Set New Price Targets

Several research firms have recently issued reports on EA. Bank of America downgraded shares of Electronic Arts from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $170.00 to $130.00 in a report on Thursday, January 23rd. DZ Bank raised shares of Electronic Arts from a "hold" rating to a "buy" rating and increased their price target for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. BMO Capital Markets lowered shares of Electronic Arts from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $160.00 to $145.00 in a report on Thursday, January 23rd. Roth Mkm dropped their price objective on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a research note on Thursday, January 23rd. Finally, Oppenheimer dropped their price target on Electronic Arts from $170.00 to $165.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 21st. Twelve investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Electronic Arts presently has a consensus rating of "Hold" and an average target price of $158.05.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the sale, the insider now owns 28,190 shares of the company's stock, valued at approximately $4,251,897.70. This represents a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $163.30, for a total value of $244,950.00. Following the completion of the sale, the executive vice president now owns 23,360 shares in the company, valued at $3,814,688. The trade was a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,000 shares of company stock worth $3,986,385. Insiders own 0.22% of the company's stock.

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.