Barton Investment Management lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA – Free Report) by 10.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,695 shares of the game software company’s stock after selling 5,370 shares during the period. Electronic Arts makes up 1.1% of Barton Investment Management’s portfolio, making the stock its 14th biggest position. Barton Investment Management’s holdings in Electronic Arts were worth $8,908,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the stock. Ameriflex Group Inc. boosted its stake in Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after acquiring an additional 69 shares during the last quarter. MV Capital Management Inc. acquired a new stake in Electronic Arts in the fourth quarter worth $28,000. Fideuram Asset Management Ireland dac bought a new position in shares of Electronic Arts during the fourth quarter worth $44,000. Geneos Wealth Management Inc. boosted its position in shares of Electronic Arts by 150.8% during the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after purchasing an additional 190 shares in the last quarter. Finally, Salomon & Ludwin LLC grew 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 buying an additional 57 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.
Electronic Arts Trading Up 0.1%
EA opened at $204.73 on Friday. The stock has a market capitalization of $51.34 billion, a P/E ratio of 58.66, a P/E/G ratio of 2.30 and a beta of 0.65. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. Electronic Arts Inc. has a 12 month low of $146.97 and a 12 month high of $205.22. The firm’s fifty day simple moving average is $202.23 and its 200 day simple moving average is $202.40.
Electronic Arts Dividend Announcement
Analysts Set New Price Targets
EA has been the subject of a number of recent analyst reports. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Citigroup boosted their target price on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Finally, Wall Street Zen raised Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Two research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $196.64.
View Our Latest Stock Report on Electronic Arts
Insider Buying and Selling
In related news, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts 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 approximately $5,351,080. This trade represents a 4.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer owned 25,991 shares in the company, valued at $5,233,547.76. The trade was a 5.46% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Over the last quarter, insiders sold 39,906 shares of company stock valued at $8,060,033. Corporate insiders own 0.24% of the company’s stock.
Electronic Arts Profile
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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