Diversify Advisory Services LLC Invests $1.51 Million in Electronic Arts Inc. $EA

Diversify Advisory Services LLC purchased a new position in Electronic Arts Inc. (NASDAQ:EAFree Report) during the 2nd quarter, HoldingsChannel reports. The firm purchased 7,211 shares of the game software company’s stock, valued at approximately $1,508,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EA. Wealthfront Advisers LLC bought a new position in Electronic Arts during the 2nd quarter worth $6,349,000. Foster & Motley Inc. acquired a new position in shares of Electronic Arts during the second quarter valued at $536,000. RHS Financial LLC acquired a new position in shares of Electronic Arts during the second quarter valued at $351,000. Meeder Advisory Services Inc. acquired a new stake in shares of Electronic Arts in the 2nd quarter worth about $1,617,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Electronic Arts in the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Citigroup boosted their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Zacks Research lowered Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $206.50.

Read Our Latest Stock Report on EA

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.12, for a total value of $1,015,600.00. Following the sale, the chief executive officer directly owned 80,974 shares in the company, valued at approximately $16,447,438.88. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a legal 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, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.00, for a total transaction of $243,600.00. Following the completion of the sale, the insider directly owned 26,360 shares of the company’s stock, valued at $5,351,080. The trade was a 4.35% 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. In the last 90 days, insiders have sold 8,700 shares of company stock valued at $1,766,950. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $209.70 on Thursday. The company has a 50 day moving average of $207.00 and a 200-day moving average of $203.47. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. The firm has a market cap of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64. Electronic Arts Inc. has a twelve month low of $159.10 and a twelve month high of $210.20.

Electronic Arts (NASDAQ:EAGet Free Report) last announced its earnings results on Monday, August 3rd. The game software company reported $1.58 EPS for the quarter. The firm had revenue of $1.99 billion for the quarter. Electronic Arts had a return on equity of 22.45% and a net margin of 13.80%.

Electronic Arts Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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