Electronic Arts Inc. (EA): Are Hedge Funds Right About This Stock?

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Let’s go over hedge fund activity in other stocks similar to Electronic Arts Inc. (NASDAQ:EA). These stocks are AmerisourceBergen Corp. (NYSE:ABC), HP Inc. (NYSE:HPQ), Sirius XM Radio Inc (NASDAQ:SIRI), and Perrigo Company (NASDAQ:PRGO). This group of stocks’ market valuations are similar to EA’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ABC 37 1265605 -1
HPQ 40 874393 -19
SIRI 32 1318944 -3
PRGO 48 1628068 -15

As you can see these stocks had an average of 39 hedge funds with bullish positions and the average amount invested in these stocks was $1.27 billion. That figure was $2.26 billion in EA’s case. Perrigo Company (NASDAQ:PRGO) is the most popular stock in this table. On the other hand Sirius XM Radio Inc (NASDAQ:SIRI) is the least popular one with only 32 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.

Disclosure: None

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