EP Wealth Advisors LLC Takes $1.18 Million Position in Electronic Arts Inc. $EA

EP Wealth Advisors LLC bought a new stake in Electronic Arts Inc. (NASDAQ:EA) in the 2nd quarter, Holdings Channel.com reports. The firm bought 5,733 shares of the game software company’s stock, valued at approximately $1,176,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ascentis Independent Advisors bought a new stake in Electronic Arts in the first quarter valued at approximately $27,000. Torren Management LLC lifted its position in shares of Electronic Arts by 235.0% in the second quarter. Torren Management LLC now owns 134 shares of the game software company’s stock valued at $27,000 after buying an additional 94 shares during the last quarter. MV Capital Management Inc. acquired a new stake in shares of Electronic Arts in the fourth quarter valued at approximately $28,000. Meeder Asset Management Inc. bought a new position in shares of Electronic Arts during the 2nd quarter worth approximately $31,000. Finally, Asset Planning Inc bought a new position in shares of Electronic Arts during the 1st quarter worth approximately $32,000. Institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the topic of a number of research analyst reports. Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen raised Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Zacks Research cut shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Finally, Citigroup increased their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $206.50.

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.12, for a total value of $1,015,600.00. Following the completion of the sale, the chief executive officer directly owned 80,974 shares in the company, valued at approximately $16,447,438.88. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.10, for a total value of $507,750.00. Following the sale, the insider directly owned 73,513 shares in the company, valued at $14,930,490.30. This represents a 3.29% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 8,700 shares of company stock worth $1,766,950. Company insiders own 0.24% of the company’s stock.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $209.70 on Monday. Electronic Arts Inc. has a twelve month low of $159.10 and a twelve month high of $210.20. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.21. The company has a 50-day simple moving average of $207.27 and a two-hundred day simple moving average of $203.56. The stock has a market capitalization of $52.93 billion, a price-to-earnings ratio of 49.23 and a beta of 0.64.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Monday, August 3rd. The game software company reported $1.58 earnings per share (EPS) for the quarter. Electronic Arts had a net margin of 13.80% and a return on equity of 22.45%. The firm had revenue of $1.99 billion for the quarter.

About Electronic Arts

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.