Prudent Man Advisors LLC Purchases 1,450 Shares of Electronic Arts Inc. $EA

Prudent Man Advisors LLC grew its position in Electronic Arts Inc. (NASDAQ:EA) by 17.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,689 shares of the game software company’s stock after purchasing an additional 1,450 shares during the period. Prudent Man Advisors LLC’s holdings in Electronic Arts were worth $1,547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EA. Brighton Jones LLC raised its holdings in Electronic Arts by 9.4% during the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after acquiring an additional 294 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Electronic Arts by 45.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,397 shares of the game software company’s stock worth $2,370,000 after acquiring an additional 5,130 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Electronic Arts during the first quarter worth about $224,000. Golden State Wealth Management LLC raised its holdings in Electronic Arts by 176.8% during the first quarter. Golden State Wealth Management LLC now owns 346 shares of the game software company’s stock worth $50,000 after acquiring an additional 221 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in Electronic Arts by 2.4% during the first quarter. Sequoia Financial Advisors LLC now owns 7,053 shares of the game software company’s stock worth $1,019,000 after acquiring an additional 163 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EA shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Electronic Arts in a report on Friday. Bank of America upped their target price on Electronic Arts from $166.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Wedbush reiterated a “neutral” rating and set a $200.00 target price on shares of Electronic Arts in a report on Monday, September 29th. Oppenheimer lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 30th. Finally, Arete upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price objective on the stock in a research note on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $179.38.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $200.84 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $203.75. The stock has a 50 day moving average of $183.25 and a 200-day moving average of $162.78. The company has a market capitalization of $50.25 billion, a P/E ratio of 50.34, a P/E/G ratio of 3.05 and a beta of 0.77.

Insider Activity at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $171.52, for a total transaction of $205,824.00. Following the completion of the transaction, the executive vice president directly owned 26,080 shares in the company, valued at approximately $4,473,241.60. The trade was a 4.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total value of $855,250.00. Following the transaction, the chief executive officer owned 52,393 shares of the company’s stock, valued at $8,961,822.65. This represents a 8.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,900 shares of company stock worth $7,748,187 in the last three months. 0.24% of the stock is owned by company insiders.

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.