Ninety One North America Inc. Sells 10,113 Shares of Electronic Arts Inc. (NASDAQ:EA)

Ninety One North America Inc. decreased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 243,507 shares of the game software company’s stock after selling 10,113 shares during the period. Electronic Arts accounts for about 2.2% of Ninety One North America Inc.’s portfolio, making the stock its 17th biggest holding. Ninety One North America Inc.’s holdings in Electronic Arts were worth $35,625,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Ashton Thomas Securities LLC purchased a new stake in shares of Electronic Arts in the third quarter worth about $25,000. Pinnacle Bancorp Inc. lifted its position in shares of Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after buying an additional 117 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Electronic Arts in the third quarter worth about $36,000. Bruce G. Allen Investments LLC lifted its position in shares of Electronic Arts by 156.6% in the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after buying an additional 166 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after buying an additional 70 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

EA has been the topic of a number of recent research reports. Bank of America downgraded Electronic Arts from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $170.00 to $130.00 in a research report on Thursday, January 23rd. DZ Bank upgraded Electronic Arts from a “hold” rating to a “buy” rating and upped their price objective for the company from $135.00 to $177.00 in a research report on Thursday, October 31st. Oppenheimer decreased their price objective on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Stifel Nicolaus decreased their price objective on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. Finally, Moffett Nathanson upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Friday. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Electronic Arts has an average rating of “Moderate Buy” and an average price target of $157.43.

Electronic Arts Stock Down 0.3 %

Shares of NASDAQ:EA opened at $122.51 on Tuesday. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The stock has a market cap of $32.13 billion, a P/E ratio of 31.45, a price-to-earnings-growth ratio of 2.50 and a beta of 0.79. The business’s 50 day moving average is $146.84 and its 200 day moving average is $147.79. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the completion of the sale, the chief executive officer now owns 52,615 shares in the company, valued at approximately $8,758,819.05. This represents a 8.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total value of $395,075.00. Following the sale, the insider now owns 50,433 shares of the company’s stock, valued at approximately $7,969,926.99. This represents a 4.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock valued at $3,835,555 over the last quarter. 0.22% of the stock is owned by corporate insiders.

About Electronic Arts

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.