Linden Thomas Advisory Services LLC Purchases New Shares in Electronic Arts Inc. (NASDAQ:EA)

Linden Thomas Advisory Services LLC acquired a new position in Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,650 shares of the game software company’s stock, valued at approximately $241,000.

A number of other institutional investors have also recently bought and sold shares of the business. Fifth Third Bancorp increased its holdings in shares of Electronic Arts by 0.5% during the fourth quarter. Fifth Third Bancorp now owns 60,767 shares of the game software company’s stock worth $8,890,000 after purchasing an additional 305 shares during the period. CX Institutional grew its position in Electronic Arts by 3.9% during the fourth quarter. CX Institutional now owns 2,422 shares of the game software company’s stock worth $354,000 after buying an additional 91 shares in the last quarter. Brighton Jones LLC increased its stake in Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after acquiring an additional 294 shares during the period. Trust Co. of Oklahoma raised its holdings in Electronic Arts by 1.9% in the 4th quarter. Trust Co. of Oklahoma now owns 6,236 shares of the game software company’s stock valued at $912,000 after acquiring an additional 118 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Electronic Arts by 39.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 17,383 shares of the game software company’s stock valued at $2,543,000 after acquiring an additional 4,884 shares during the period. Institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on EA shares. Raymond James downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. cut their price target on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Stifel Nicolaus decreased their price objective on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Finally, Benchmark reiterated a “buy” rating and issued a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, October 30th. Twelve investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $158.05.

Electronic Arts Price Performance

EA stock opened at $117.91 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The company has a market capitalization of $30.92 billion, a P/E ratio of 30.31, a PEG ratio of 1.87 and a beta of 0.80. The company has a fifty day moving average price of $151.51 and a 200-day moving average price of $148.73.

Insider Buying and Selling

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

Electronic Arts Company Profile

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.