Electronic Arts Inc. $EA Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 14.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 24,429 shares of the game software company’s stock after buying an additional 3,060 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Electronic Arts were worth $4,886,000 at the end of the most recent quarter.

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

Electronic Arts Trading Up 0.2%

Shares of EA opened at $204.40 on Tuesday. Electronic Arts Inc. has a 12-month low of $115.30 and a 12-month high of $204.88. The stock’s fifty day simple moving average is $203.61 and its 200-day simple moving average is $187.92. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $51.12 billion, a PE ratio of 59.77, a price-to-earnings-growth ratio of 2.41 and a beta of 0.73.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. DZ Bank downgraded shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. BMO Capital Markets increased their price target on Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a research report on Tuesday, September 30th. UBS Group set a $210.00 target price on Electronic Arts and gave the company a “neutral” rating in a report on Tuesday, September 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Electronic Arts in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating and upped their price objective for the stock from $200.00 to $210.00 in a report on Tuesday, September 30th. Four equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Electronic Arts presently has a consensus rating of “Hold” and a consensus price target of $187.19.

Insiders Place Their Bets

In related news, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $201.65, for a total transaction of $302,475.00. Following the completion of the transaction, the chief financial officer directly owned 5,595 shares in the company, valued at approximately $1,128,231.75. This trade represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $204.27, for a total transaction of $510,675.00. Following the sale, the insider directly owned 50,648 shares in the company, valued at $10,345,866.96. This trade represents a 4.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 123,769 shares of company stock worth $24,943,734 in the last ninety days. 0.24% of the stock is owned by insiders.

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.