Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Gallacher Capital Management LLC

Gallacher Capital Management LLC boosted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 25.0% in the fourth quarter, HoldingsChannel reports. The firm owned 2,682 shares of the game software company’s stock after purchasing an additional 536 shares during the period. Gallacher Capital Management LLC’s holdings in Electronic Arts were worth $367,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. 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 bought a new position in Electronic Arts during the fourth quarter valued at about $30,000. Venturi Wealth Management LLC raised its holdings in Electronic Arts by 81.0% during the fourth quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock valued at $31,000 after buying an additional 102 shares in the last quarter. CVA Family Office LLC bought a new position in shares of Electronic Arts in the fourth quarter worth about $38,000. Finally, MCF Advisors LLC increased its stake in shares of Electronic Arts by 36.9% in the fourth quarter. MCF Advisors LLC now owns 356 shares of the game software company’s stock worth $49,000 after purchasing an additional 96 shares during the period. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Electronic Arts stock traded up $1.00 during trading hours on Monday, hitting $130.56. The company had a trading volume of 1,689,687 shares, compared to its average volume of 1,965,601. The firm has a market cap of $34.91 billion, a PE ratio of 32.75, a PEG ratio of 1.73 and a beta of 0.78. 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 Inc. has a one year low of $117.47 and a one year high of $144.53. The firm has a 50-day moving average of $131.99 and a 200 day moving average of $134.48.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 26,283 shares of the company’s stock, valued at $3,328,479.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $142.39, for a total transaction of $355,975.00. Following the sale, the chief executive officer now owns 28,430 shares of the company’s stock, valued at $4,048,147.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was 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 in the company, valued at approximately $3,328,479.12. The disclosure for this sale can be found here. Insiders have sold a total of 37,144 shares of company stock valued at $5,087,143 in the last three months. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EA. Stifel Nicolaus boosted their price target on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. BMO Capital Markets started coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 target price for the company. Benchmark restated a “buy” rating and issued a $153.00 price objective on shares of Electronic Arts in a research report on Thursday, April 18th. Roth Mkm lowered their price objective 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, May 1st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a research note on Thursday. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $146.72.

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.