2,675 Shares in Electronic Arts Inc. $EA Bought by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,675 shares of the game software company’s stock, valued at approximately $540,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EA. State Street Corp increased its stake in Electronic Arts by 5.8% in the second quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock valued at $2,726,552,000 after acquiring an additional 932,024 shares during the period. Ninety One UK Ltd grew its stake in shares of Electronic Arts by 4.6% in the 2nd quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock valued at $695,645,000 after purchasing an additional 193,442 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Electronic Arts by 44.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock worth $673,393,000 after buying an additional 1,300,336 shares in the last quarter. Invesco Ltd. lifted its position in shares of Electronic Arts by 10.1% during the 2nd quarter. Invesco Ltd. now owns 4,112,305 shares of the game software company’s stock worth $656,735,000 after buying an additional 378,824 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Electronic Arts by 17.0% during the 2nd quarter. First Trust Advisors LP now owns 2,430,876 shares of the game software company’s stock worth $388,211,000 after buying an additional 353,327 shares during the period. 90.23% of the stock is owned by institutional investors.

Insider Activity

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $204.11, for a total value of $510,275.00. Following the transaction, the insider directly owned 53,148 shares in the company, valued at approximately $10,848,038.28. This trade represents a 4.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $201.65, for a total value of $302,475.00. Following the sale, the chief financial officer owned 5,595 shares of the company’s stock, valued at approximately $1,128,231.75. The trade was a 21.14% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 123,769 shares of company stock worth $24,943,734. 0.24% of the stock is owned by company insiders.

Electronic Arts Trading Down 0.2%

Shares of NASDAQ EA opened at $203.94 on Thursday. Electronic Arts Inc. has a 1-year low of $115.30 and a 1-year high of $204.88. The company has a 50-day moving average of $203.71 and a two-hundred day moving average of $188.42. The company has a market cap of $51.01 billion, a PE ratio of 59.63, a P/E/G ratio of 2.46 and a beta of 0.73. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.07). The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.88 billion. Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. Electronic Arts’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same period last year, the company earned $1.11 earnings per share. As a group, equities analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EA. Morgan Stanley upped their price target on Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Zacks Research cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Citigroup lifted their price target on shares of Electronic Arts from $206.00 to $207.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Electronic Arts in a research note on Wednesday, October 8th. Finally, Argus set a $210.00 target price on shares of Electronic Arts in a research note on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Electronic Arts has an average rating of “Hold” and a consensus target price of $187.19.

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.