Savant Capital LLC Acquires New Holdings in Electronic Arts Inc. (NASDAQ:EA)

Savant Capital LLC purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,209 shares of the game software company’s stock, valued at approximately $302,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of 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 valued at $3,086,621,000 after buying an additional 3,600,388 shares during the last quarter. DNB Asset Management AS raised its holdings in Electronic Arts by 82.3% in the 4th quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock valued at $322,494,000 after acquiring an additional 1,064,022 shares during the last quarter. AustralianSuper Pty Ltd purchased a new position in shares of Electronic Arts during the 3rd quarter worth $75,124,000. Assenagon Asset Management S.A. boosted its holdings in shares of Electronic Arts by 480.5% during the third quarter. Assenagon Asset Management S.A. now owns 499,277 shares of the game software company’s stock worth $60,113,000 after purchasing an additional 413,276 shares during the last quarter. Finally, Morgan Stanley increased its stake in Electronic Arts by 13.0% in the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after purchasing an additional 389,063 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction dated 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 in the company, valued at $2,901,755.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the transaction, the insider now directly owns 20,258 shares in the company, valued at approximately $2,901,755.92. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $142.39, for a total value of $355,975.00. Following the completion of the sale, the chief executive officer now directly owns 28,430 shares in the company, valued at $4,048,147.70. The disclosure for this sale can be found here. Insiders sold a total of 37,144 shares of company stock valued at $5,087,143 over the last 90 days. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on EA. BMO Capital Markets began coverage on Electronic Arts in a report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price target for the company. Oppenheimer reissued an “outperform” rating and set a $150.00 price objective on shares of Electronic Arts in a research note on Tuesday, April 23rd. UBS Group cut their target price on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Benchmark restated a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a research note on Thursday, April 18th. Finally, Wedbush reiterated an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a report on Thursday, May 2nd. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $146.72.

Electronic Arts Trading Up 0.8 %

Shares of NASDAQ EA opened at $130.56 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average price is $131.99 and its two-hundred day moving average price is $134.48. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $144.53. The stock has a market capitalization of $34.91 billion, a P/E ratio of 32.89, a PEG ratio of 1.73 and a beta of 0.78.

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.