Great Valley Advisor Group Inc. Buys New Position in Electronic Arts Inc. (NASDAQ:EA)

Great Valley Advisor Group Inc. purchased a new position in Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,621 shares of the game software company’s stock, valued at approximately $222,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Electronic Arts by 16.3% during the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after purchasing an additional 3,600,388 shares in the last quarter. Invesco Ltd. boosted its holdings in Electronic Arts by 7.8% in the 3rd quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company’s stock worth $500,449,000 after buying an additional 301,194 shares during the period. Morgan Stanley boosted its holdings in Electronic Arts by 13.0% in the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock worth $408,084,000 after buying an additional 389,063 shares during the period. Northern Trust Corp increased its stake in Electronic Arts by 1.9% in the 3rd quarter. Northern Trust Corp now owns 3,171,252 shares of the game software company’s stock worth $381,819,000 after buying an additional 60,359 shares in the last quarter. Finally, DNB Asset Management AS raised its holdings in Electronic Arts by 82.3% during the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock valued at $322,494,000 after acquiring an additional 1,064,022 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Activity at Electronic Arts

In other news, Director Luis A. Ubinas sold 4,872 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $136.84, for a total value of $666,684.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Luis A. Ubinas sold 4,872 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $136.84, for a total value of $666,684.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total transaction of $101,312.00. Following the sale, the insider now owns 26,283 shares of the company’s stock, valued at approximately $3,328,479.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,144 shares of company stock worth $5,087,143. Insiders own 0.20% of the company’s stock.

Electronic Arts Trading Up 0.8 %

EA stock opened at $130.56 on Tuesday. The firm’s fifty day simple moving average is $131.99 and its two-hundred day simple moving average is $134.48. The stock has a market capitalization of $34.91 billion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 1.73 and a beta of 0.78. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $144.53.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EA shares. Roth Mkm cut their target price on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. BMO Capital Markets assumed coverage on shares of Electronic Arts in a research note on Tuesday, January 9th. They set an “outperform” rating and a $160.00 target price for the company. Stifel Nicolaus increased their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Oppenheimer reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Electronic Arts in a report on Tuesday, April 23rd. Finally, Benchmark reissued a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a research note on Thursday, April 18th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $146.72.

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.