Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI lifted its stake in Electronic Arts Inc. (NASDAQ:EA) by 47.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 389,964 shares of the game software company’s stock after acquiring an additional 125,670 shares during the quarter. National Bank of Canada FI’s holdings in Electronic Arts were worth $52,946,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EA. Mercer Global Advisors Inc. ADV raised its stake in Electronic Arts by 23.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company’s stock valued at $2,753,000 after acquiring an additional 4,411 shares during the last quarter. Value Partners Investments Inc. grew its holdings in shares of Electronic Arts by 33.5% in the 4th quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company’s stock worth $53,761,000 after acquiring an additional 107,709 shares during the period. Metis Global Partners LLC grew its holdings in Electronic Arts by 14.7% during the 3rd quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company’s stock valued at $1,381,000 after buying an additional 1,469 shares during the last quarter. Morgan Stanley grew its holdings in Electronic Arts by 13.0% during the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after buying an additional 389,063 shares during the last quarter. Finally, West Family Investments Inc. acquired a new stake in shares of Electronic Arts during the fourth quarter worth $230,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Roth Mkm cut their price objective on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Wedbush reissued an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a report on Thursday. Benchmark reiterated a “buy” rating and set a $153.00 price objective on shares of Electronic Arts in a research report on Thursday, April 18th. UBS Group lowered their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. Finally, BMO Capital Markets assumed coverage on shares of Electronic Arts in a report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective for the company. Eight equities 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 stock. According to MarketBeat, Electronic Arts has an average rating of “Moderate Buy” and a consensus price target of $146.72.

Electronic Arts Price Performance

Shares of EA stock traded up $0.32 during trading on Monday, hitting $129.88. The company had a trading volume of 694,303 shares, compared to its average volume of 1,960,153. The firm has a market capitalization of $34.72 billion, a P/E ratio of 32.63, a price-to-earnings-growth ratio of 1.73 and a beta of 0.78. The stock’s 50-day moving average price is $131.99 and its 200 day moving average price is $134.45. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $144.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the business’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 transaction, the chief executive officer now owns 28,430 shares in the company, valued at approximately $4,048,147.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $142.39, for a total transaction of $355,975.00. Following the completion of the sale, the chief executive officer now owns 28,430 shares in the company, valued at approximately $4,048,147.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the sale, the insider now owns 20,258 shares of the company’s stock, valued at approximately $2,901,755.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,144 shares of company stock valued at $5,087,143. 0.20% of the stock is owned by insiders.

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.