Sumitomo Mitsui Trust Group Inc. Sells 1,530 Shares of Electronic Arts Inc. $EA

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Electronic Arts Inc. (NASDAQ:EA) by 0.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 652,051 shares of the game software company’s stock after selling 1,530 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Electronic Arts were worth $104,133,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EA. Salomon & Ludwin LLC boosted its holdings in Electronic Arts by 70.1% in 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 in the last quarter. Bank of Jackson Hole Trust lifted its position in shares of Electronic Arts by 56.4% in the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after buying an additional 75 shares during the last quarter. Frazier Financial Advisors LLC increased its holdings in shares of Electronic Arts by 328.9% during the 2nd quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after acquiring an additional 148 shares during the last quarter. Wayfinding Financial LLC bought a new position in shares of Electronic Arts in the 1st quarter valued at approximately $39,000. Finally, Costello Asset Management INC acquired a new stake in Electronic Arts in the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a research report on Tuesday, September 30th. HSBC downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 target price on the stock. in a report on Monday, September 29th. Arete Research set a $192.00 price target on shares of Electronic Arts in a report on Tuesday, August 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Electronic Arts in a research note on Friday. Finally, Wall Street Zen cut Electronic Arts from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $179.38.

Electronic Arts Stock Performance

NASDAQ:EA opened at $200.84 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The firm’s 50-day moving average is $183.25 and its 200-day moving average is $162.78. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $203.75. The company has a market cap of $50.25 billion, a price-to-earnings ratio of 50.34, a PEG ratio of 3.05 and a beta of 0.77.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $155.49, for a total value of $388,725.00. Following the completion of the sale, the insider owned 58,092 shares in the company, valued at approximately $9,032,725.08. This trade represents a 4.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total value of $855,250.00. Following the sale, the chief executive officer directly owned 52,393 shares in the company, valued at $8,961,822.65. The trade was a 8.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,900 shares of company stock worth $7,748,187. 0.24% 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.