Baader Bank Aktiengesellschaft Makes New $636,000 Investment in Electronic Arts Inc. (NASDAQ:EA)

Baader Bank Aktiengesellschaft purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,353 shares of the game software company’s stock, valued at approximately $636,000.

Other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Electronic Arts during the 3rd quarter valued at approximately $25,000. Pinnacle Bancorp Inc. increased its stake in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares in the last quarter. Reston Wealth Management LLC acquired a new position in Electronic Arts during the third quarter worth $36,000. Bruce G. Allen Investments LLC boosted its position in Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after purchasing an additional 166 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on EA. BNP Paribas downgraded Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target for the company. in a research note on Monday. JPMorgan Chase & Co. cut their target price on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Robert W. Baird lowered their price target on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. BMO Capital Markets downgraded Electronic Arts from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $160.00 to $145.00 in a research report on Thursday, January 23rd. Finally, Roth Mkm reduced their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. Twelve equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $158.05.

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the completion of the transaction, the chief executive officer now owns 52,615 shares of the company’s stock, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the completion of the sale, the insider now owns 30,216 shares in the company, valued at approximately $4,969,021.20. This trade represents a 3.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $3,835,555 over the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Price Performance

Shares of EA opened at $118.68 on Friday. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a market cap of $31.13 billion, a P/E ratio of 30.51, a PEG ratio of 1.87 and a beta of 0.80. The stock has a fifty day moving average price of $148.54 and a 200 day moving average price of $148.09. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43.

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.