Pacer Advisors Inc. Has $11.16 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Pacer Advisors Inc. grew its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. 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 SEC filing.

Several other hedge funds also recently modified their holdings of EA. Ashton Thomas Securities LLC bought a new stake in shares of Electronic Arts in the third quarter worth $25,000. Pinnacle Bancorp Inc. lifted its holdings in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after buying an additional 117 shares during the period. Reston Wealth Management LLC acquired a new position in Electronic Arts during the 3rd quarter worth about $36,000. Bruce G. Allen Investments LLC boosted its holdings in Electronic Arts by 156.6% in the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after acquiring an additional 166 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ EA opened at $116.53 on Wednesday. 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 fifty day moving average price of $150.52 and a 200-day moving average price of $148.52. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The firm has a market cap of $30.56 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 1.87 and a beta of 0.80.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Oppenheimer cut their target price on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. UBS Group increased their price target on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. BNP Paribas downgraded shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research report on Monday. Robert W. Baird reduced their price target on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, January 23rd. Finally, Raymond James lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. Twelve investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Electronic Arts has an average rating of “Hold” and a consensus price target of $158.05.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00. Following the completion of the sale, the chief executive officer now owns 42,615 shares in the company, valued at approximately $6,080,308.20. This trade represents a 10.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $150.83, for a total transaction of $150,830.00. Following the completion of the transaction, the insider now owns 28,190 shares in the company, valued at approximately $4,251,897.70. The trade was a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,000 shares of company stock valued at $3,986,385. Corporate insiders own 0.22% of the company’s stock.

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.