Invesco LLC Sells 226 Shares of Electronic Arts Inc. (NASDAQ:EA)

Invesco LLC decreased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,899 shares of the game software company’s stock after selling 226 shares during the period. Invesco LLC’s holdings in Electronic Arts were worth $570,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EA. Ashton Thomas Securities LLC purchased a new stake in shares of Electronic Arts during the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. raised its stake in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares in the last quarter. Reston Wealth Management LLC bought a new position in Electronic Arts during the third quarter valued at $36,000. Bruce G. Allen Investments LLC grew its stake in shares of Electronic Arts by 156.6% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after buying an additional 166 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of 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 buying an additional 70 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on EA shares. Roth Mkm dropped their price target on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Oppenheimer dropped their target price on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Stifel Nicolaus cut their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. DZ Bank upgraded Electronic Arts from a “hold” rating to a “buy” rating and raised their price target for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. 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 investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Electronic Arts currently has a consensus rating of “Hold” and a consensus price target of $158.05.

Electronic Arts Stock Up 0.7 %

EA stock traded up $0.85 during trading on Wednesday, hitting $117.38. 296,420 shares of the company’s stock traded hands, compared to its average volume of 3,697,283. The business has a fifty day simple moving average of $150.52 and a two-hundred day simple moving average of $148.52. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $30.78 billion, a P/E ratio of 30.24, a PEG ratio of 1.87 and a beta of 0.80. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50.

Insider Activity

In related news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total transaction of $395,075.00. Following the transaction, the insider now directly owns 50,433 shares of the company’s stock, valued at $7,969,926.99. This represents a 4.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the sale, the insider now owns 28,190 shares of the company’s stock, valued at approximately $4,251,897.70. This trade represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,000 shares of company stock worth $3,986,385. 0.22% of the stock is currently owned by company insiders.

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.