AE Wealth Management LLC Raises Stake in Electronic Arts Inc. $EA

AE Wealth Management LLC grew its holdings in Electronic Arts Inc. (NASDAQ:EA) by 45.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 14,994 shares of the game software company’s stock after buying an additional 4,695 shares during the period. AE Wealth Management LLC’s holdings in Electronic Arts were worth $3,025,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Ballentine Partners LLC lifted its position in Electronic Arts by 1.2% during the 3rd quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock worth $965,000 after acquiring an additional 59 shares during the period. Salomon & Ludwin LLC raised its stake in shares of Electronic Arts by 70.1% during the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after purchasing an additional 68 shares during the last quarter. Moody National Bank Trust Division lifted its holdings in shares of Electronic Arts by 1.4% during the third quarter. Moody National Bank Trust Division now owns 5,125 shares of the game software company’s stock worth $1,034,000 after purchasing an additional 71 shares during the period. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of Electronic Arts by 2.1% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 3,467 shares of the game software company’s stock worth $699,000 after purchasing an additional 72 shares during the period. Finally, STF Management LP grew its position in Electronic Arts by 2.0% in the 2nd quarter. STF Management LP now owns 3,944 shares of the game software company’s stock valued at $630,000 after buying an additional 76 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

EA opened at $203.92 on Friday. The stock has a market cap of $51.00 billion, a P/E ratio of 59.63, a P/E/G ratio of 2.46 and a beta of 0.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84. The stock’s 50 day simple moving average is $203.83 and its 200 day simple moving average is $189.19. Electronic Arts Inc. has a 1-year low of $120.22 and a 1-year high of $204.88.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $204.30, for a total value of $245,160.00. Following the sale, the insider directly owned 32,360 shares of the company’s stock, valued at approximately $6,611,148. This represents a 3.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $204.26, for a total transaction of $1,021,300.00. Following the transaction, the chief executive officer owned 38,858 shares of the company’s stock, valued at $7,937,135.08. This trade represents a 11.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 123,769 shares of company stock valued at $24,943,734 in the last three months. 0.24% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Electronic Arts in a research note on Wednesday, October 8th. Morgan Stanley increased their price target on shares of Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Benchmark reaffirmed a “buy” rating on shares of Electronic Arts in a report on Wednesday, October 29th. Zacks Research cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Citigroup raised their price target on Electronic Arts from $206.00 to $207.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $187.19.

Electronic Arts Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.