The Vanguard Group, Inc. recently announced the acquisition of new stake in Electronic Arts Inc. (NASDAQ:EA). The institutional investor has increased its shareholding in the Communication Services company by 1.25% to 20.8 million shares with purchase of 0.26 million shares. This fresh investment now brings its stake to 7.59% valued currently at $2.65 billion. In addition, Geode Capital Management LLC raised its holdings by 87093.0 to 5.76 million shares. And Amundi Asset Management US, Inc. has lifted its position by 32.29% or 1.36 million shares – to 5.57 million shares.
With over 2.24 million Electronic Arts Inc. (EA) shares trading Friday and a closing price of $125.66 on the day, the dollar volume was approximately $281.6 million. The shares have shown a negative half year performance of -2.85% and its price on 05/19/23 lost nearly -0.44%. Currently, there are 276.00M common shares owned by the public and among those 272.61M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 29 analysts who have offered their price forecasts for EA have a consensus price objective of $138.83. The analysts have set the share’s price value over the next 12 months at a high of $150.00 and a low of $125.00. The average price target is 9.86% above its recent price level and a downside to the estimated low will see the stock lose -0.53% over that period. But an upside of 16.23% will see the stock hit the forecast high price target while median target price for the stock is $139.50.
Insiders at the company have transacted a total of 168 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 50 of these insider trades were purchases, accounting for 154,463 shares. Insider sales of the common stock occurred on 118 occasions, with total insider shares sold totaling 240,553 shares.
The top 3 mutual fund holders in Electronic Arts Inc. are Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Vanguard Wellington Fund. Vanguard Total Stock Market ETF owns 8.49 million shares of the company’s stock, all valued at over $1.08 billion. The company bought an additional 763.0 shares recently to bring their total holdings to about 3.10% of the shares outstanding. Vanguard 500 Index Fund sold 11380.0 shares to see its total holdings shrink to 6.08 million shares valued at over $774.14 million and representing 2.22% of the shares outstanding. Vanguard Wellington Fund sold -0.18 million shares to bring its total holdings to over 5.24 million shares at a value of $666.67 million. Vanguard Wellington Fund now owns shares totaling to 1.91% of the shares outstanding.
Shares of Electronic Arts Inc. (NASDAQ: EA) opened at $126.50, up $0.29 from a prior closing price of $126.21. However, the script later moved the day high at 127.29, down -0.44%. The company’s stock has a 5-day price change of 0.15% and 12.20% over the past three months. EA shares are trading 2.85% year to date (YTD), with the 12-month market performance down to -2.57% lower. It has a 12-month low price of $108.53 and touched a high of $142.79 over the same period. EA has an average intraday trading volume of 2.20 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.38%, 2.66%, and 1.89% respectively.
Institutional ownership of Electronic Arts Inc. (NASDAQ: EA) shares accounts for 94.00% of the company’s 276.00M shares outstanding. Mutual fund holders own 32.06%, while other institutional holders and individual stakeholders account for 53.82% and 1.48% respectively.
It has a market capitalization of $34.61B and a beta (3y monthly) value of 0.86. The stock’s trailing 12-month PE ratio is 43.81, while the earnings-per-share (ttm) stands at $2.87. The company has a PEG of 7.85 and a Quick Ratio of 1.20 with the debt-to-equity ratio at 0.25. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.52% over the week and 1.74% over the month.
Analysts forecast that Electronic Arts Inc. (EA) will achieve an EPS of $1.03 for the current quarter, $1.5 for the next quarter and $7.63 for 2025. The lowest estimate earnings-per-share for the quarter is $0.87 while analysts give the company a high EPS estimate of $1.26. Comparatively, EPS for the current quarter was $0.47 a year ago. Earnings per share for the fiscal year are expected to decrease by -3.80%, and 11.82% over the next financial year. EPS should grow at an annualized rate of 5.58% over the next five years, compared to -2.20% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 29 brokerage firm advisors rate Electronic Arts Inc. (EA) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 14 Wall Street analysts polled rate the stock as a buy, while 13 of the 29 advise that investors “hold,” and 0 rated it as a “Sell.”
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