Modera Wealth Management LLC Sells 6,523 Shares of Electronic Arts Inc. $EA

Modera Wealth Management LLC decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 5.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,505 shares of the game software company’s stock after selling 6,523 shares during the quarter. Modera Wealth Management LLC’s holdings in Electronic Arts were worth $23,902,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC raised its position in Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after purchasing an additional 68 shares during the last quarter. MTM Investment Management LLC bought a new position in shares of Electronic Arts during the second quarter valued at approximately $30,000. Frazier Financial Advisors LLC lifted its stake in Electronic Arts by 328.9% in the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock worth $31,000 after acquiring an additional 148 shares during the period. NewSquare Capital LLC lifted its stake in Electronic Arts by 67.5% in the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock worth $31,000 after acquiring an additional 79 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings in Electronic Arts by 131.9% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock valued at $34,000 after acquiring an additional 95 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $204.26, for a total value of $1,021,300.00. Following the completion of the sale, the chief executive officer owned 38,858 shares of the company’s stock, valued at approximately $7,937,135.08. This trade represents a 11.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $204.30, for a total value of $245,160.00. Following the completion of the sale, the insider directly owned 32,360 shares in the company, valued at approximately $6,611,148. The trade was a 3.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 123,769 shares of company stock worth $24,943,734 over the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

EA has been the subject of a number of research reports. UBS Group set a $210.00 price objective on Electronic Arts and gave the stock a “neutral” rating in a report on Tuesday, September 30th. Morgan Stanley lifted their price objective on Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Jefferies Financial Group downgraded Electronic Arts from a “buy” rating to a “hold” rating and increased their target price for the company from $200.00 to $210.00 in a report on Tuesday, September 30th. BMO Capital Markets boosted their price target on Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a research note on Tuesday, September 30th. Finally, Zacks Research downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Four investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Hold” and a consensus target price of $184.36.

Electronic Arts Trading Down 0.2%

Shares of NASDAQ:EA opened at $204.00 on Friday. The company has a market capitalization of $51.02 billion, a PE ratio of 59.65, a PEG ratio of 2.41 and a beta of 0.73. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average of $203.54 and a two-hundred day moving average of $187.06. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $204.88.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.07). The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The company’s revenue was down 12.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.11 earnings per share. As a group, analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

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.