Electronic Arts Inc. $EA Shares Sold by Whipplewood Advisors LLC

Whipplewood Advisors LLC lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 28.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 213 shares of the game software company’s stock after selling 85 shares during the quarter. Whipplewood Advisors LLC’s holdings in Electronic Arts were worth $34,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of EA. Ameriprise Financial Inc. grew its stake in shares of Electronic Arts by 197.5% in the first quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company’s stock valued at $421,524,000 after buying an additional 1,936,313 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Electronic Arts in the first quarter valued at about $225,102,000. Nuveen LLC acquired a new stake in shares of Electronic Arts in the first quarter valued at about $203,537,000. Goldman Sachs Group Inc. grew its stake in shares of Electronic Arts by 62.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock valued at $470,197,000 after buying an additional 1,254,194 shares in the last quarter. Finally, ING Groep NV grew its stake in shares of Electronic Arts by 3,477.8% in the first quarter. ING Groep NV now owns 1,163,747 shares of the game software company’s stock valued at $168,185,000 after buying an additional 1,131,220 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on EA shares. Wall Street Zen lowered Electronic Arts from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Cowen downgraded Electronic Arts from a “buy” rating to a “hold” rating in a report on Wednesday, October 1st. Roth Capital downgraded Electronic Arts from a “buy” rating to a “neutral” rating and increased their price target for the company from $185.00 to $210.00 in a report on Thursday, October 2nd. Wells Fargo & Company set a $168.00 price target on Electronic Arts and gave the company an “equal weight” rating in a report on Monday, July 28th. Finally, Jefferies Financial Group downgraded Electronic Arts from a “buy” rating to a “hold” rating and increased their price target for the company from $200.00 to $210.00 in a report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $179.38.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $200.50 on Tuesday. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $203.75. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $50.17 billion, a price-to-earnings ratio of 50.25, a price-to-earnings-growth ratio of 3.05 and a beta of 0.77. The business has a 50 day simple moving average of $183.87 and a 200-day simple moving average of $163.41.

Insiders Place Their Bets

In related news, CFO Stuart Canfield sold 6,500 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the completion of the transaction, the chief financial officer directly owned 5,140 shares in the company, valued at $1,045,476. This represents a 55.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $200.55, for a total value of $1,002,750.00. Following the transaction, the chief executive officer owned 42,393 shares of the company’s stock, valued at approximately $8,501,916.15. The trade was a 10.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,900 shares of company stock worth $7,748,187. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Company 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.