CENTRAL TRUST Co Has $344,000 Stake in Electronic Arts Inc. (NASDAQ:EA)

CENTRAL TRUST Co trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 11.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,352 shares of the game software company’s stock after selling 317 shares during the quarter. CENTRAL TRUST Co’s holdings in Electronic Arts were worth $344,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Larson Financial Group LLC boosted its holdings in Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after acquiring an additional 70 shares during the period. Claro Advisors LLC boosted its holdings in Electronic Arts by 3.4% during the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock valued at $334,000 after acquiring an additional 75 shares during the period. Prime Capital Investment Advisors LLC boosted its holdings in Electronic Arts by 5.1% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after acquiring an additional 76 shares during the period. Ballentine Partners LLC boosted its holdings in Electronic Arts by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock valued at $550,000 after acquiring an additional 82 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its stake in shares of Electronic Arts by 1.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock valued at $708,000 after buying an additional 83 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the transaction, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. This trade represents a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $163.30, for a total transaction of $244,950.00. Following the completion of the transaction, the executive vice president now directly owns 23,360 shares in the company, valued at approximately $3,814,688. The trade was a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,500 shares of company stock valued at $3,562,510 over the last quarter. Corporate insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

EA has been the subject of several research reports. Oppenheimer reduced their target price on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Friday, January 31st. Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reduced their target price on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Finally, Argus increased their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $156.38.

Electronic Arts Stock Performance

NASDAQ EA opened at $121.25 on Wednesday. The firm has a market cap of $31.80 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 2.50 and a beta of 0.79. The company has a 50 day moving average of $145.96 and a 200-day moving average of $147.66. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.12% and a return on equity of 18.56%. On average, equities analysts forecast that Electronic Arts Inc. will post 5.02 earnings per share for the current fiscal year.

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.