Victory Capital Management Inc. Boosts Holdings in Electronic Arts Inc. (NASDAQ:EA)

Victory Capital Management Inc. grew its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.7% during the 4th quarter, HoldingsChannel reports. The fund owned 252,071 shares of the game software company’s stock after acquiring an additional 13,544 shares during the quarter. Victory Capital Management Inc.’s holdings in Electronic Arts were worth $34,486,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Beck Bode LLC purchased a new position in shares of Electronic Arts in the fourth quarter worth $2,144,000. Savant Capital LLC bought a new stake in Electronic Arts in the fourth quarter valued at $302,000. Mission Wealth Management LP boosted its holdings in Electronic Arts by 4.6% in the fourth quarter. Mission Wealth Management LP now owns 6,367 shares of the game software company’s stock valued at $871,000 after acquiring an additional 279 shares in the last quarter. Intrust Bank NA boosted its holdings in Electronic Arts by 18.5% in the fourth quarter. Intrust Bank NA now owns 2,583 shares of the game software company’s stock valued at $353,000 after acquiring an additional 404 shares in the last quarter. Finally, Marco Investment Management LLC boosted its holdings in Electronic Arts by 14.0% in the fourth quarter. Marco Investment Management LLC now owns 2,040 shares of the game software company’s stock valued at $279,000 after acquiring an additional 250 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Jacob J. Schatz sold 1,000 shares of the 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 sale, the insider now owns 20,258 shares in the company, valued at approximately $2,901,755.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Laura Miele sold 2,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $128.15, for a total value of $256,300.00. Following the sale, the chief operating officer now owns 32,772 shares in the company, valued at approximately $4,199,731.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,144 shares of company stock worth $5,087,143. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on EA shares. Roth Mkm dropped their target price on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. BMO Capital Markets started coverage on shares of Electronic Arts in a report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 target price on the stock. Benchmark restated a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a report on Thursday, April 18th. UBS Group dropped their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $150.00 price target on shares of Electronic Arts in a research note on Tuesday, April 23rd. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.72.

Electronic Arts Stock Up 0.8 %

NASDAQ EA opened at $130.56 on Tuesday. 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 company has a market capitalization of $34.91 billion, a P/E ratio of 32.89, a P/E/G ratio of 1.73 and a beta of 0.78. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $144.53. The stock has a 50 day moving average price of $131.99 and a 200-day moving average price of $134.48.

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.