Is Electronic Arts Inc. (EA) a Good Stock To Buy?

Now, key money managers have jumped into Electronic Arts Inc. (NASDAQ:EA) headfirst. Jericho Capital Asset Management, managed by Josh Resnick, initiated the biggest position in Electronic Arts Inc. (NASDAQ:EA). Jericho Capital Asset Management had $211.2 million invested in the company at the end of the quarter. Gabriel Plotkin’s Melvin Capital Management also made a $68.3 million investment in the stock during the quarter. The following funds were also among the new EA investors: Edmond M. Safra’s EMS Capital, Zach Schreiber’s Point State Capital, and Leon Shaulov’s Maplelane Capital.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Electronic Arts Inc. (NASDAQ:EA) but similarly valued. We will take a look at Koninklijke Philips Electronics NV (ADR) (NYSE:PHG), Xcel Energy Inc (NYSE:XEL), Ross Stores, Inc. (NASDAQ:ROST), and Hilton Worldwide Holdings Inc (NYSE:HLT). This group of stocks’ market values match EA’s market value.

As you can see these stocks had an average of 25 hedge funds with bullish positions and the average amount invested in these stocks was $1.14 billion. That figure was $3.01 billion in EA’s case. Ross Stores, Inc. (NASDAQ:ROST) is the most popular stock in this table with 39 investors holding shares. On the other hand Koninklijke Philips Electronics NV (ADR) (NYSE:PHG) is the least popular one with only 10 bullish hedge fund positions. Compared to these stocks Electronic Arts Inc. (NASDAQ:EA) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.