RBA Wealth Management LLC Acquires 434 Shares of Electronic Arts Inc. (NASDAQ:EA)

RBA Wealth Management LLC boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 27,225 shares of the game software company’s stock after buying an additional 434 shares during the quarter. RBA Wealth Management LLC’s holdings in Electronic Arts were worth $3,983,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Resonant Capital Advisors LLC raised its stake in Electronic Arts by 3.2% during the 4th quarter. Resonant Capital Advisors LLC now owns 15,970 shares of the game software company’s stock worth $2,336,000 after buying an additional 488 shares during the period. Catalina Capital Group LLC bought a new stake in Electronic Arts during the 4th quarter worth approximately $218,000. Avantra Family Wealth Inc. bought a new stake in Electronic Arts during the 4th quarter worth approximately $459,000. Spire Wealth Management increased its holdings in Electronic Arts by 881.0% during the 4th quarter. Spire Wealth Management now owns 2,070 shares of the game software company’s stock worth $303,000 after purchasing an additional 1,859 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in Electronic Arts during the 4th quarter worth approximately $13,845,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $164.45, for a total value of $164,450.00. Following the transaction, the insider now directly owns 30,216 shares in the company, valued at approximately $4,969,021.20. This represents a 3.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total transaction of $395,075.00. Following the sale, the insider now directly owns 50,433 shares in the company, valued at approximately $7,969,926.99. The trade was a 4.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,000 shares of company stock valued at $3,835,555. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $122.91 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a fifty day moving average price of $146.84 and a 200 day moving average price of $147.79. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The stock has a market cap of $32.24 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 2.50 and a beta of 0.79.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EA shares. Stifel Nicolaus reduced their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. BNP Paribas downgraded Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research report on Monday, January 27th. JPMorgan Chase & Co. lowered their price objective on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. DZ Bank upgraded Electronic Arts from a “hold” rating to a “buy” rating and increased their price objective for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. Finally, Oppenheimer lowered 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. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Electronic Arts presently has an average rating of “Moderate Buy” and a consensus target price of $157.43.

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.