US Bancorp DE Sells 9,020 Shares of Electronic Arts Inc. $EA

US Bancorp DE decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,112 shares of the game software company’s stock after selling 9,020 shares during the quarter. US Bancorp DE’s holdings in Electronic Arts were worth $19,026,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of EA. Keybank National Association OH raised its stake in shares of Electronic Arts by 2.0% in the fourth quarter. Keybank National Association OH now owns 3,990 shares of the game software company’s stock worth $815,000 after purchasing an additional 79 shares during the last quarter. Wealthfront Advisers LLC grew its stake in shares of Electronic Arts by 14.4% in the fourth quarter. Wealthfront Advisers LLC now owns 28,247 shares of the game software company’s stock worth $5,772,000 after acquiring an additional 3,548 shares during the period. Torren Management LLC bought a new stake in shares of Electronic Arts in the fourth quarter worth approximately $69,000. R Squared Ltd bought a new position in Electronic Arts during the fourth quarter valued at approximately $3,495,000. Finally, M&T Bank Corp lifted its position in Electronic Arts by 4.5% during the fourth quarter. M&T Bank Corp now owns 29,861 shares of the game software company’s stock valued at $6,102,000 after purchasing an additional 1,295 shares during the period. Institutional investors own 90.23% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Stuart Canfield sold 1,500 shares of the company’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 sale, the chief financial officer owned 5,897 shares of the company’s stock, valued at approximately $1,178,810.30. This represents a 20.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $203.25, for a total transaction of $243,900.00. Following the transaction, the insider owned 28,760 shares in the company, valued at approximately $5,845,470. This represents a 4.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 27,600 shares of company stock worth $5,544,159. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

EA has been the topic of a number of research reports. Citigroup dropped their price target on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Three 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $188.30.

Electronic Arts Stock Down 0.1%

Shares of EA opened at $202.09 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The company has a market cap of $50.57 billion, a PE ratio of 75.97, a P/E/G ratio of 2.18 and a beta of 0.73. Electronic Arts Inc. has a 52-week low of $141.19 and a 52-week high of $204.88. The business has a fifty day moving average of $201.84 and a 200 day moving average of $202.17.

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.