Pacer Advisors Inc. Purchases 4,050 Shares of Electronic Arts Inc. (NASDAQ:EA)

Pacer Advisors Inc. boosted its position in Electronic Arts Inc. (NASDAQ:EA) by 5.6% during the fourth quarter, HoldingsChannel reports. The fund 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.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EA. Public Sector Pension Investment Board boosted its holdings in shares of Electronic Arts by 97.6% in the second quarter. Public Sector Pension Investment Board now owns 7,969 shares of the game software company’s stock worth $1,110,000 after acquiring an additional 3,936 shares during the period. Creative Planning boosted its stake in Electronic Arts by 14.5% in the 2nd quarter. Creative Planning now owns 25,325 shares of the game software company’s stock worth $3,528,000 after purchasing an additional 3,213 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Electronic Arts by 6.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,111 shares of the game software company’s stock valued at $712,000 after buying an additional 332 shares in the last quarter. Advisory Alpha LLC increased its position in shares of Electronic Arts by 41.6% during the second quarter. Advisory Alpha LLC now owns 3,169 shares of the game software company’s stock valued at $442,000 after buying an additional 931 shares during the period. Finally, Ariadne Wealth Management LP purchased a new stake in shares of Electronic Arts in the second quarter worth about $506,000. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Trading Down 1.2 %

Shares of EA stock opened at $116.53 on Wednesday. The business has a 50-day moving average of $150.52 and a 200 day moving average of $148.52. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The stock has a market capitalization of $30.56 billion, a PE ratio of 29.96, a P/E/G ratio of 1.87 and a beta of 0.80.

Wall Street Analysts Forecast Growth

EA has been the topic of a number of analyst reports. Benchmark reaffirmed a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a report on Wednesday, October 30th. Roth Mkm lowered their price objective on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Stifel Nicolaus dropped their price objective on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Finally, BMO Capital Markets lowered 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 report on Thursday, January 23rd. Twelve analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Electronic Arts presently has a consensus rating of “Hold” and an average target price of $158.05.

Insider Activity

In other news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the sale, the insider now directly owns 50,433 shares in the company, valued at approximately $7,969,926.99. This trade represents a 4.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the transaction, the chief executive officer now owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. This represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,000 shares of company stock valued at $3,986,385. 0.22% of the stock is currently owned by company insiders.

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.