LSV Asset Management trimmed its stake in Electronic Arts Inc. (NASDAQ:EA – Free Report) by 85.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,155 shares of the game software company’s stock after selling 181,790 shares during the quarter. LSV Asset Management’s holdings in Electronic Arts were worth $6,366,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in EA. EverSource Wealth Advisors LLC increased its holdings in shares of Electronic Arts by 2.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company’s stock valued at $425,000 after acquiring an additional 50 shares during the period. Salomon & Ludwin LLC increased its holdings in shares of Electronic Arts by 32.8% in the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock valued at $47,000 after acquiring an additional 57 shares during the period. Ballentine Partners LLC increased its holdings in shares of Electronic Arts by 1.2% in the 3rd quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock valued at $965,000 after acquiring an additional 59 shares during the period. Physician Wealth Advisors Inc. increased its holdings in shares of Electronic Arts by 5.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock valued at $212,000 after acquiring an additional 59 shares during the period. Finally, Macroview Investment Management LLC increased its holdings in shares of Electronic Arts by 6.2% in the 4th quarter. Macroview Investment Management LLC now owns 1,065 shares of the game software company’s stock valued at $218,000 after acquiring an additional 62 shares during the period. 90.23% of the stock is owned by institutional investors.
Electronic Arts Stock Up 0.1%
Shares of EA stock opened at $201.13 on Wednesday. The stock’s fifty day moving average price is $202.02 and its 200 day moving average price is $202.25. The company has a market cap of $50.43 billion, a price-to-earnings ratio of 57.63, a price-to-earnings-growth ratio of 2.22 and a beta of 0.66. Electronic Arts Inc. has a 1-year low of $141.19 and a 1-year high of $204.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05.
Electronic Arts Announces Dividend
Analysts Set New Price Targets
A number of research analysts have recently issued reports on EA shares. Citigroup lifted their price target on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. UBS Group restated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Finally, Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Three analysts have rated the stock with a Buy rating, sixteen have given 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 price target of $196.64.
Get Our Latest Report on Electronic Arts
Insider Transactions at Electronic Arts
In related news, EVP Jacob J. Schatz sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $201.19, for a total value of $1,005,950.00. Following the transaction, the executive vice president directly owned 42,287 shares of the company’s stock, valued at $8,507,721.53. This represents a 10.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Stuart Canfield sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total value of $302,040.00. Following the completion of the transaction, the chief financial officer directly owned 25,991 shares in the company, valued at approximately $5,233,547.76. The trade was a 5.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 39,906 shares of company stock valued at $8,032,336 in the last quarter. Insiders own 0.24% of the company’s stock.
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.
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