Electronic Arts shares rose 1.2% this afternoon to a price of $141.98. The stock is still trading within range of its average target price of $147.32, and over the last 52 weeks, it has recorded a 12.6% performance. Analysts have given the large-cap Software stock target prices ranging from $128.0 to $162.0 dollars per share, with an average rating of buy.
The stock has a very low short interest at 1.7%, and a short ratio of 2.23. The company's insiders own 0.29% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 94.8% of Electronic Arts's shares being owned by this investor type.
Institutions Invested in Electronic Arts
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Blackrock Inc. | 10% | 26,806,713 | $3,806,016,997 |
| 2023-09-30 | Vanguard Group Inc | 10% | 25,636,385 | $3,639,853,832 |
| 2023-09-30 | Public Investment Fund | 9% | 24,807,932 | $3,522,230,079 |
| 2023-09-30 | State Street Corporation | 5% | 13,280,081 | $1,885,505,843 |
| 2023-09-30 | Amundi | 2% | 6,083,989 | $863,804,732 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 5,807,182 | $824,503,675 |
| 2023-09-30 | Capital International Investors | 2% | 4,681,135 | $664,627,527 |
| 2023-09-30 | Massachusetts Financial Services Co. | 2% | 4,554,371 | $646,629,575 |
| 2023-09-30 | Independent Franchise Partners, LLP | 2% | 4,505,851 | $639,740,705 |
| 2023-09-30 | Invesco Ltd. | 2% | 4,156,556 | $590,147,803 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Electronic Arts.
