Mission Wealth Management LP Acquires 279 Shares of Electronic Arts Inc. (NASDAQ:EA)

Mission Wealth Management LP increased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,367 shares of the game software company’s stock after acquiring an additional 279 shares during the period. Mission Wealth Management LP’s holdings in Electronic Arts were worth $871,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. AE Wealth Management LLC lifted its position in shares of Electronic Arts by 41.4% during the third quarter. AE Wealth Management LLC now owns 3,441 shares of the game software company’s stock valued at $414,000 after purchasing an additional 1,007 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Electronic Arts by 4.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 40,542 shares of the game software company’s stock worth $4,881,000 after buying an additional 1,711 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Electronic Arts by 25.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 12,990 shares of the game software company’s stock worth $1,564,000 after buying an additional 2,603 shares during the last quarter. Xponance Inc. grew its holdings in shares of Electronic Arts by 2.5% in the third quarter. Xponance Inc. now owns 33,230 shares of the game software company’s stock valued at $4,001,000 after acquiring an additional 799 shares in the last quarter. Finally, FinTrust Capital Advisors LLC purchased a new stake in shares of Electronic Arts during the third quarter valued at approximately $361,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Up 1.1 %

Shares of NASDAQ:EA opened at $128.18 on Thursday. The company has a market cap of $34.27 billion, a price-to-earnings ratio of 32.29, a PEG ratio of 1.70 and a beta of 0.78. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $144.53. The firm has a fifty day moving average price of $132.81 and a two-hundred day moving average price of $134.52. 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 (NASDAQ:EA) last posted its earnings results on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing the consensus estimate of $2.45 by ($1.38). The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. Electronic Arts’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.29 earnings per share. Analysts anticipate that Electronic Arts Inc. will post 5.35 EPS for the current fiscal year.

Insider Activity at Electronic Arts

In other news, Director Luis A. Ubinas sold 4,872 shares of Electronic Arts stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $136.84, for a total transaction of $666,684.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the sale, the insider now directly owns 20,258 shares in the company, valued at $2,901,755.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Luis A. Ubinas sold 4,872 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $136.84, for a total value of $666,684.48. The disclosure for this sale can be found here. Insiders have sold 34,344 shares of company stock valued at $4,729,531 over the last three months. 0.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. BMO Capital Markets started coverage on Electronic Arts in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective on the stock. Benchmark reissued a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a report on Thursday, April 18th. UBS Group decreased their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a report on Wednesday, March 27th. Stifel Nicolaus lifted their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, Roth Mkm reduced their target price on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $146.72.

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.