United Capital Financial Advisors LLC Invests $1.04 Million in Electronic Arts Inc. $EA

United Capital Financial Advisors LLC purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 5,052 shares of the game software company’s stock, valued at approximately $1,036,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Resona Asset Management Co. Ltd. boosted its stake in Electronic Arts by 12.5% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 108,908 shares of the game software company’s stock valued at $22,185,000 after purchasing an additional 12,095 shares in the last quarter. Swiss National Bank raised its stake in shares of Electronic Arts by 8.0% in the 1st quarter. Swiss National Bank now owns 704,400 shares of the game software company’s stock worth $143,606,000 after buying an additional 51,900 shares in the last quarter. Mizuho Markets Americas LLC bought a new stake in shares of Electronic Arts in the 4th quarter worth $2,043,000. Generali Asset Management SPA SGR lifted its holdings in shares of Electronic Arts by 76.3% in the fourth quarter. Generali Asset Management SPA SGR now owns 29,530 shares of the game software company’s stock valued at $6,034,000 after buying an additional 12,777 shares during the period. Finally, Norges Bank bought a new position in Electronic Arts during the fourth quarter valued at about $643,674,000. 90.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.00, for a total value of $243,600.00. Following the sale, the insider owned 26,360 shares of the company’s stock, valued at $5,351,080. This trade represents a 4.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.10, for a total value of $507,750.00. Following the completion of the transaction, the insider directly owned 73,513 shares in the company, valued at approximately $14,930,490.30. This represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 8,700 shares of company stock worth $1,766,950. 0.24% of the stock is currently owned by insiders.

Analyst Ratings Changes

EA has been the topic of several research reports. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Citigroup lifted their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Finally, Zacks Research cut shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $206.50.

Electronic Arts Stock Performance

Shares of EA opened at $209.70 on Friday. The company has a market capitalization of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.21. The company’s 50 day moving average price is $207.97 and its 200 day moving average price is $203.90. Electronic Arts Inc. has a 52 week low of $159.10 and a 52 week high of $210.20.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Monday, August 3rd. The game software company reported $1.58 earnings per share (EPS) for the quarter. The firm had revenue of $1.99 billion during the quarter. Electronic Arts had a return on equity of 22.45% and a net margin of 13.80%.

About Electronic Arts

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.