Electronic Arts Inc. (NASDAQ:EA) Shares Bought by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. increased its stake in Electronic Arts Inc. (NASDAQ:EA) by 16.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,061 shares of the game software company’s stock after buying an additional 730 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Electronic Arts were worth $692,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EA. Bray Capital Advisors increased its position in shares of Electronic Arts by 100.0% during the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock valued at $26,000 after purchasing an additional 110 shares during the period. Larson Financial Group LLC acquired a new position in Electronic Arts during the fourth quarter worth about $30,000. Venturi Wealth Management LLC raised its position in Electronic Arts by 81.0% in the fourth quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock worth $31,000 after acquiring an additional 102 shares in the last quarter. CVA Family Office LLC acquired a new stake in Electronic Arts in the 4th quarter valued at about $38,000. Finally, MCF Advisors LLC boosted its position in shares of Electronic Arts by 36.9% during the 4th quarter. MCF Advisors LLC now owns 356 shares of the game software company’s stock valued at $49,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other news, COO Laura Miele sold 2,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $128.15, for a total transaction of $256,300.00. Following the transaction, the chief operating officer now owns 32,772 shares in the company, valued at approximately $4,199,731.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total transaction of $101,312.00. Following the completion of the sale, the insider now directly owns 26,283 shares of the company’s stock, valued at approximately $3,328,479.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Laura Miele sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $128.15, for a total transaction of $256,300.00. Following the sale, the chief operating officer now owns 32,772 shares of the company’s stock, valued at $4,199,731.80. The disclosure for this sale can be found here. Insiders sold 37,144 shares of company stock worth $5,087,143 over the last ninety days. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wedbush reiterated an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a report on Thursday. Roth Mkm decreased their target price on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday. Stifel Nicolaus boosted their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Benchmark restated a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a research report on Thursday, April 18th. Finally, Oppenheimer reiterated an “outperform” rating and set a $150.00 price objective on shares of Electronic Arts in a research report on Tuesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Electronic Arts presently has an average rating of “Moderate Buy” and an average price target of $146.72.

Electronic Arts Stock Up 0.8 %

EA opened at $129.56 on Friday. The company has a market capitalization of $34.64 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 1.73 and a beta of 0.78. The business has a 50-day moving average of $131.99 and a 200-day moving average of $134.43. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33.

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.