Wealthfront Advisers LLC Buys 347 Shares of Electronic Arts Inc. $EA

Wealthfront Advisers LLC grew its stake in Electronic Arts Inc. (NASDAQ:EA) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,642 shares of the game software company’s stock after buying an additional 347 shares during the quarter. Wealthfront Advisers LLC’s holdings in Electronic Arts were worth $3,616,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in EA. Vanguard Group Inc. boosted its holdings in Electronic Arts by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company’s stock worth $4,198,607,000 after buying an additional 150,438 shares during the period. Ninety One UK Ltd lifted its position in shares of Electronic Arts by 4.6% in the second quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock valued at $695,645,000 after acquiring an additional 193,442 shares in the last quarter. Independent Franchise Partners LLP boosted its stake in shares of Electronic Arts by 2.3% in the first quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company’s stock worth $570,233,000 after acquiring an additional 88,767 shares during the period. Invesco Ltd. grew its position in shares of Electronic Arts by 15.6% during the first quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company’s stock worth $539,563,000 after purchasing an additional 504,760 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Electronic Arts by 62.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock worth $470,197,000 after purchasing an additional 1,254,194 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Activity at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $200.80, for a total transaction of $240,960.00. Following the sale, the executive vice president directly owned 24,880 shares in the company, valued at $4,995,904. This represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $201.79, for a total value of $504,475.00. Following the completion of the sale, the insider directly owned 53,092 shares of the company’s stock, valued at $10,713,434.68. The trade was a 4.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 41,900 shares of company stock valued at $7,748,187 over the last ninety days. 0.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EA has been the subject of several recent analyst reports. TD Cowen downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 1st. DZ Bank downgraded shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. Morgan Stanley upped their target price on shares of Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Wells Fargo & Company set a $168.00 price target on shares of Electronic Arts and gave the company an “equal weight” rating in a report on Monday, July 28th. Finally, Roth Capital cut shares of Electronic Arts from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $185.00 to $210.00 in a research note on Thursday, October 2nd. Two 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $179.38.

Electronic Arts Stock Performance

Electronic Arts stock opened at $200.30 on Wednesday. The company’s 50-day moving average price is $184.46 and its 200-day moving average price is $163.83. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $203.75. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. The company has a market cap of $50.12 billion, a PE ratio of 50.20, a price-to-earnings-growth ratio of 3.05 and a beta of 0.77.

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.