CVA Family Office LLC cut its holdings in Electronic Arts Inc. (NASDAQ:EA – Get Rating) by 24.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 475 shares of the game software company’s stock after selling 150 shares during the quarter. CVA Family Office LLC’s holdings in Electronic Arts were worth $58,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC lifted its holdings in shares of Electronic Arts by 294.1% during the 1st quarter. Tortoise Investment Management LLC now owns 201 shares of the game software company’s stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. Tyler Stone Wealth Management bought a new stake in shares of Electronic Arts during the 4th quarter worth approximately $33,000. J.W. Cole Advisors Inc. bought a new stake in shares of Electronic Arts during the 1st quarter worth approximately $35,000. Geneos Wealth Management Inc. raised its stake in shares of Electronic Arts by 128.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 293 shares of the game software company’s stock worth $37,000 after purchasing an additional 165 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC raised its stake in shares of Electronic Arts by 164.9% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 294 shares of the game software company’s stock worth $37,000 after purchasing an additional 183 shares in the last quarter. 90.65% of the stock is currently owned by institutional investors and hedge funds.
Electronic Arts Price Performance
Electronic Arts stock opened at $122.93 on Tuesday. The company has a market capitalization of $34.18 billion, a PE ratio of 38.90, a P/E/G ratio of 3.76 and a beta of 0.84. The stock has a 50-day moving average price of $128.42 and a two-hundred day moving average price of $127.40. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12 month low of $109.24 and a 12 month high of $146.72.
Electronic Arts Dividend Announcement
In other news, CEO Andrew Wilson sold 8,182 shares of the stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $123.05, for a total value of $1,006,795.10. Following the completion of the sale, the chief executive officer now owns 34,242 shares of the company’s stock, valued at $4,213,478.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $120.90, for a total transaction of $96,720.00. Following the completion of the sale, the insider now owns 28,514 shares of the company’s stock, valued at $3,447,342.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 8,182 shares of the firm’s stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $123.05, for a total value of $1,006,795.10. Following the sale, the chief executive officer now directly owns 34,242 shares of the company’s stock, valued at approximately $4,213,478.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,901 shares of company stock valued at $12,015,172. Company insiders own 0.37% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on Electronic Arts from $125.00 to $133.00 and gave the stock a “neutral” rating in a research note on Thursday, June 9th. Truist Financial decreased their target price on Electronic Arts to $154.00 and set a “buy” rating on the stock in a report on Sunday, July 31st. Moffett Nathanson lowered Electronic Arts from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $141.00 to $147.00 in a report on Friday, June 10th. Stifel Nicolaus decreased their target price on Electronic Arts from $155.00 to $153.00 and set a “buy” rating on the stock in a report on Monday, July 25th. Finally, MKM Partners lowered Electronic Arts from a “buy” rating to a “neutral” rating and set a $131.00 target price on the stock. in a report on Wednesday, September 7th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $150.64.
Electronic Arts Profile
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.
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