Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. raised its holdings in Electronic Arts Inc. (NASDAQ:EA) by 35.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,026 shares of the game software company’s stock after purchasing an additional 1,051 shares during the period. Blue Trust Inc.’s holdings in Electronic Arts were worth $577,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in Electronic Arts in the 3rd quarter valued at about $25,000. Pinnacle Bancorp Inc. raised its position in shares of Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after buying an additional 117 shares during the last quarter. Reston Wealth Management LLC purchased a new position in shares of Electronic Arts during the third quarter valued at approximately $36,000. Bruce G. Allen Investments LLC boosted its position in Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after acquiring an additional 166 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after acquiring an additional 70 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the completion of the transaction, the insider now directly owns 50,433 shares in the company, valued at approximately $7,969,926.99. This trade represents a 4.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $164.45, for a total value of $164,450.00. Following the completion of the sale, the insider now directly owns 30,216 shares of the company’s stock, valued at approximately $4,969,021.20. This represents a 3.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $3,835,555 in the last quarter. Company insiders own 0.22% of the company’s stock.

Electronic Arts Trading Up 1.3 %

NASDAQ EA opened at $118.68 on Friday. The stock has a market cap of $31.13 billion, a P/E ratio of 30.51, a PEG ratio of 1.87 and a beta of 0.80. The company’s fifty day simple moving average is $148.54 and its 200-day simple moving average is $148.09. 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 52 week low of $115.21 and a 52 week high of $168.50.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EA shares. Bank of America cut Electronic Arts from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $170.00 to $130.00 in a report on Thursday, January 23rd. Argus lifted their price target on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Stifel Nicolaus cut their price objective on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. JPMorgan Chase & Co. lowered their target price on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, Raymond James downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Twelve research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $158.05.

About Electronic Arts

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.