River Global Investors LLP Sells 3,652 Shares of Electronic Arts Inc. (NASDAQ:EA)

River Global Investors LLP trimmed its holdings in Electronic Arts Inc. (NASDAQ:EA) by 28.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,263 shares of the game software company’s stock after selling 3,652 shares during the period. River Global Investors LLP’s holdings in Electronic Arts were worth $1,267,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of EA. Bray Capital Advisors boosted its position in Electronic Arts by 100.0% during the third quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after purchasing an additional 110 shares during the period. Larson Financial Group LLC acquired a new stake in shares of Electronic Arts in the fourth quarter worth $30,000. Venturi Wealth Management LLC boosted its holdings in shares of Electronic Arts by 81.0% during the 4th quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock worth $31,000 after buying an additional 102 shares during the period. CVA Family Office LLC acquired a new position in Electronic Arts in the 4th quarter valued at $38,000. Finally, MCF Advisors LLC raised its holdings in Electronic Arts by 36.9% in the 4th quarter. MCF Advisors LLC now owns 356 shares of the game software company’s stock worth $49,000 after acquiring an additional 96 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the subject of several research reports. BMO Capital Markets assumed coverage on Electronic Arts in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective for the company. Benchmark restated a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a research report on Thursday, April 18th. Stifel Nicolaus upped their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Oppenheimer reiterated an “outperform” rating and issued a $150.00 target price on shares of Electronic Arts in a research note on Tuesday, April 23rd. Finally, Wedbush reiterated an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a research note on Thursday. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $146.72.

Insiders Place Their Bets

In other news, COO Laura Miele sold 2,000 shares of Electronic Arts stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $128.15, for a total transaction of $256,300.00. Following the transaction, the chief operating officer now directly owns 32,772 shares of the company’s stock, valued at $4,199,731.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, COO Laura Miele sold 2,000 shares of Electronic Arts stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $128.15, for a total transaction of $256,300.00. Following the transaction, the chief operating officer now directly owns 32,772 shares of the company’s stock, valued at $4,199,731.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the transaction, the insider now directly owns 20,258 shares in the company, valued at $2,901,755.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,144 shares of company stock valued at $5,087,143. Company insiders own 0.20% of the company’s stock.

Electronic Arts Trading Up 0.8 %

EA traded up $1.06 during trading on Friday, reaching $129.56. 1,650,180 shares of the company’s stock were exchanged, compared to its average volume of 1,685,682. The company’s fifty day moving average price is $131.99 and its 200-day moving average price is $134.45. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53. The firm has a market capitalization of $34.64 billion, a PE ratio of 32.63, a P/E/G ratio of 1.73 and a beta of 0.78.

Electronic Arts Company Profile

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.