Advisory Alpha LLC Purchases 188 Shares of Electronic Arts Inc. $EA

Advisory Alpha LLC raised its position in Electronic Arts Inc. (NASDAQ:EA) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,586 shares of the game software company’s stock after purchasing an additional 188 shares during the period. Advisory Alpha LLC’s holdings in Electronic Arts were worth $892,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC boosted its stake in Electronic Arts by 70.1% during the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after buying an additional 68 shares during the period. Bank of Jackson Hole Trust boosted its position in shares of Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after acquiring an additional 75 shares during the last quarter. Frazier Financial Advisors LLC boosted its position in shares of Electronic Arts by 328.9% during the 2nd quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after acquiring an additional 148 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Electronic Arts during the 1st quarter valued at about $39,000. Finally, Costello Asset Management INC bought a new stake in shares of Electronic Arts during the 1st quarter valued at about $40,000. Institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Oppenheimer lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Electronic Arts in a research report on Wednesday, October 8th. Arete raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price objective for the company in a report on Tuesday, August 5th. DZ Bank downgraded shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. Finally, Zacks Research raised shares of Electronic Arts from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $179.38.

Electronic Arts Trading Down 0.1%

Shares of EA opened at $200.30 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $50.12 billion, a price-to-earnings ratio of 50.20, a PEG ratio of 3.05 and a beta of 0.77. The firm has a 50 day moving average price of $184.46 and a 200-day moving average price of $163.83. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $203.75.

Insiders Place Their Bets

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $201.79, for a total value of $504,475.00. Following the completion of the sale, the insider directly owned 53,092 shares of the company’s stock, valued at $10,713,434.68. The trade was a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Stuart Canfield sold 6,500 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $203.40, for a total value of $1,322,100.00. Following the sale, the chief financial officer owned 5,140 shares of the company’s stock, valued at $1,045,476. This represents a 55.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 41,900 shares of company stock valued at $7,748,187 over the last three months. 0.24% of the stock is currently owned by company insiders.

Electronic Arts Company 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.