30,964 Shares in Electronic Arts Inc. $EA Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,964 shares of the game software company’s stock, valued at approximately $6,349,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Ascentis Independent Advisors bought a new stake in shares of Electronic Arts during the 1st quarter worth approximately $27,000. Torren Management LLC grew its stake in shares of Electronic Arts by 235.0% in the second quarter. Torren Management LLC now owns 134 shares of the game software company’s stock valued at $27,000 after buying an additional 94 shares in the last quarter. MV Capital Management Inc. bought a new position in shares of Electronic Arts in the fourth quarter valued at $28,000. Meeder Asset Management Inc. acquired a new position in Electronic Arts during the second quarter worth $31,000. Finally, Asset Planning Inc acquired a new position in Electronic Arts during the first quarter worth $32,000. 90.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EA has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Citigroup boosted their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Zacks Research downgraded shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Finally, Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $206.50.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $203.12, for a total value of $1,015,600.00. Following the completion of the sale, the chief executive officer directly owned 80,974 shares in the company, valued at $16,447,438.88. The trade was a 5.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $203.10, for a total value of $507,750.00. Following the completion of the transaction, the insider directly owned 73,513 shares in the company, valued at approximately $14,930,490.30. This represents a 3.29% 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. Over the last quarter, insiders have sold 8,700 shares of company stock worth $1,766,950. Company insiders own 0.24% of the company’s stock.

Electronic Arts Price Performance

Shares of EA opened at $209.70 on Thursday. Electronic Arts Inc. has a 52 week low of $159.10 and a 52 week high of $210.20. The firm has a market cap of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64. The firm’s 50-day simple moving average is $207.00 and its 200 day simple moving average is $203.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.21.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Monday, August 3rd. The game software company reported $1.58 earnings per share (EPS) for the quarter. Electronic Arts had a net margin of 13.80% and a return on equity of 22.45%. The firm had revenue of $1.99 billion during the quarter.

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.