5,052 Shares in Electronic Arts Inc. $EA Bought by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC acquired a new stake in Electronic Arts Inc. (NASDAQ:EA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,052 shares of the game software company’s stock, valued at approximately $1,036,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of EA. Jones Financial Companies Lllp acquired a new stake in shares of Electronic Arts in the second quarter valued at about $25,000. Ascentis Independent Advisors acquired a new position in Electronic Arts during the 1st quarter worth approximately $27,000. Torren Management LLC boosted its holdings in Electronic Arts by 235.0% in the 2nd quarter. Torren Management LLC now owns 134 shares of the game software company’s stock worth $27,000 after acquiring an additional 94 shares during the period. MV Capital Management Inc. purchased a new position in Electronic Arts in the 4th quarter worth approximately $28,000. Finally, Meeder Asset Management Inc. acquired a new stake in Electronic Arts in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Price Performance

Shares of EA opened at $209.70 on Friday. Electronic Arts Inc. has a 52 week low of $159.10 and a 52 week high of $210.20. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. The firm has a market cap of $52.93 billion, a price-to-earnings ratio of 49.23 and a beta of 0.64. The stock has a 50 day moving average of $207.97 and a 200-day moving average of $203.90.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Monday, August 3rd. The game software company reported $1.58 earnings per share (EPS) for the quarter. The business had revenue of $1.99 billion for the quarter. Electronic Arts had a return on equity of 22.45% and a net margin of 13.80%.

Wall Street Analysts Forecast Growth

EA has been the topic of a number of analyst reports. Argus lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Citigroup raised their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Finally, Zacks Research cut shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Electronic Arts presently has a consensus rating of “Reduce” and a consensus target price of $206.50.

Insider Transactions at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.10, for a total transaction of $507,750.00. Following the completion of the transaction, the insider owned 73,513 shares in the company, valued at approximately $14,930,490.30. This represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.00, for a total transaction of $243,600.00. Following the transaction, the insider directly owned 26,360 shares of the company’s stock, valued at $5,351,080. The trade was a 4.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 8,700 shares of company stock worth $1,766,950. 0.24% of the stock is currently 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.