Electronic Arts Inc. $EA Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC grew its stake in Electronic Arts Inc. (NASDAQ:EA) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,247 shares of the game software company’s stock after purchasing an additional 3,548 shares during the period. Wealthfront Advisers LLC’s holdings in Electronic Arts were worth $5,772,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Walter Public Investments Inc. raised its holdings in Electronic Arts by 41.7% during the 3rd quarter. Walter Public Investments Inc. now owns 48,017 shares of the game software company’s stock worth $9,685,000 after purchasing an additional 14,134 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Electronic Arts by 35.4% during the 3rd quarter. Principal Financial Group Inc. now owns 390,971 shares of the game software company’s stock worth $78,859,000 after purchasing an additional 102,248 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in Electronic Arts during the 3rd quarter worth about $1,025,000. OPTIMAS CAPITAL Ltd bought a new stake in Electronic Arts during the 3rd quarter worth about $1,815,000. Finally, Greenland Capital Management LP bought a new stake in Electronic Arts during the 3rd quarter worth about $5,569,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA stock opened at $202.37 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $50.64 billion, a PE ratio of 76.08, a price-to-earnings-growth ratio of 2.18 and a beta of 0.73. The stock has a 50-day moving average of $201.84 and a 200-day moving average of $202.17. Electronic Arts Inc. has a one year low of $141.19 and a one year high of $204.88.

Insiders Place Their Bets

In related news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $199.53, for a total value of $498,825.00. Following the completion of the transaction, the insider directly owned 48,343 shares in the company, valued at approximately $9,645,878.79. The trade was a 4.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total value of $299,850.00. Following the completion of the transaction, the chief financial officer owned 5,897 shares of the company’s stock, valued at $1,178,810.30. This represents a 20.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 27,600 shares of company stock valued at $5,544,159 over the last 90 days. 0.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Citigroup lowered their price target on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $188.30.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.