Forum Financial Management LP Increases Position in Electronic Arts Inc. $EA

Forum Financial Management LP raised its holdings in Electronic Arts Inc. (NASDAQ:EA) by 9.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,313 shares of the game software company’s stock after acquiring an additional 274 shares during the period. Forum Financial Management LP’s holdings in Electronic Arts were worth $529,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in EA. Salomon & Ludwin LLC raised its position in shares of Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after purchasing an additional 68 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Electronic Arts by 3.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company’s stock worth $323,000 after purchasing an additional 72 shares during the last quarter. Bank of Jackson Hole Trust raised its position in shares of Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after purchasing an additional 75 shares during the last quarter. Financial Management Professionals Inc. raised its position in shares of Electronic Arts by 13.6% during the 2nd quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company’s stock worth $102,000 after purchasing an additional 76 shares during the last quarter. Finally, Conning Inc. raised its holdings in Electronic Arts by 4.7% in the 1st quarter. Conning Inc. now owns 1,749 shares of the game software company’s stock valued at $253,000 after acquiring an additional 78 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Up 0.1%

Shares of NASDAQ EA opened at $200.84 on Friday. The company has a 50 day simple moving average of $183.25 and a 200-day simple moving average of $162.57. The company has a market capitalization of $50.25 billion, a P/E ratio of 50.34, a P/E/G ratio of 3.05 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $203.75.

Wall Street Analyst Weigh In

EA has been the subject of a number of recent research reports. BMO Capital Markets increased their price objective on shares of Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a report on Tuesday, September 30th. Baird R W downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Roth Capital downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and increased their price objective for the company from $185.00 to $210.00 in a report on Thursday, October 2nd. Arete upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price objective for the company in a report on Tuesday, August 5th. Finally, Oppenheimer downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $179.38.

Insider Buying and Selling at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $200.80, for a total transaction of $240,960.00. Following the completion of the sale, the executive vice president owned 24,880 shares in the company, valued at $4,995,904. This trade represents a 4.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stuart Canfield sold 6,500 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 5,140 shares of the company’s stock, valued at $1,045,476. The trade was a 55.84% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,900 shares of company stock worth $7,748,187. Insiders own 0.24% of the company’s stock.

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.