Brighton Jones LLC Raises Position in Electronic Arts Inc. $EA

Brighton Jones LLC boosted its stake in Electronic Arts Inc. (NASDAQ:EA) by 35.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,736 shares of the game software company’s stock after buying an additional 1,247 shares during the quarter. Brighton Jones LLC’s holdings in Electronic Arts were worth $756,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norden Group LLC purchased a new position in Electronic Arts in the 2nd quarter valued at about $214,000. Focus Partners Advisor Solutions LLC purchased a new position in Electronic Arts in the 1st quarter worth approximately $319,000. Vanguard Personalized Indexing Management LLC lifted its stake in Electronic Arts by 34.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 40,483 shares of the game software company’s stock worth $6,467,000 after purchasing an additional 10,453 shares in the last quarter. Vest Financial LLC lifted its stake in Electronic Arts by 5.7% in the 2nd quarter. Vest Financial LLC now owns 278,069 shares of the game software company’s stock worth $44,408,000 after purchasing an additional 15,032 shares in the last quarter. Finally, CCM Investment Group LLC purchased a new position in Electronic Arts in the 1st quarter worth approximately $1,625,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Down 0.1%

Shares of NASDAQ EA opened at $200.30 on Wednesday. The company has a 50 day simple moving average of $184.46 and a 200-day simple moving average of $163.83. The company has a market capitalization of $50.12 billion, a P/E ratio of 50.20, a P/E/G ratio of 3.05 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $203.75.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $200.55, for a total value of $1,002,750.00. Following the completion of the sale, the chief executive officer owned 42,393 shares in the company, valued at approximately $8,501,916.15. This trade represents a 10.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stuart Canfield sold 6,500 shares of Electronic Arts stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the completion of the sale, the chief financial officer owned 5,140 shares of the company’s stock, valued at $1,045,476. This trade represents a 55.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 41,900 shares of company stock worth $7,748,187 in the last three months. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on EA shares. Wedbush reissued a “neutral” rating and issued a $200.00 target price on shares of Electronic Arts in a research note on Monday, September 29th. Argus raised their target price on shares of Electronic Arts from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. TD Cowen lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Bank of America raised their target price on shares of Electronic Arts from $166.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Electronic Arts in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $179.38.

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.