Electronic Arts Inc. $EA Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 14.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,247 shares of the game software company’s stock after acquiring an additional 3,548 shares during the period. Wealthfront Advisers LLC’s holdings in Electronic Arts were worth $5,772,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Torren Management LLC acquired a new stake in shares of Electronic Arts during the 4th quarter worth about $69,000. R Squared Ltd acquired a new position in Electronic Arts during the fourth quarter worth approximately $3,495,000. M&T Bank Corp increased its position in Electronic Arts by 4.5% during the fourth quarter. M&T Bank Corp now owns 29,861 shares of the game software company’s stock worth $6,102,000 after buying an additional 1,295 shares during the period. ST Germain D J Co. Inc. increased its position in Electronic Arts by 916.0% during the fourth quarter. ST Germain D J Co. Inc. now owns 1,016 shares of the game software company’s stock worth $208,000 after buying an additional 916 shares during the period. Finally, Vanguard Group Inc. increased its position in Electronic Arts by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company’s stock worth $5,879,205,000 after buying an additional 485,030 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on EA. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Citigroup cut their price target on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $188.30.

Electronic Arts Trading Down 0.1%

EA opened at $202.37 on Friday. The firm has a market cap of $50.64 billion, a price-to-earnings ratio of 76.08, a price-to-earnings-growth ratio of 2.18 and a beta of 0.73. Electronic Arts Inc. has a 52 week low of $141.19 and a 52 week high of $204.88. The business’s 50 day moving average is $201.84 and its two-hundred day moving average is $202.17. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling

In other news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $199.53, for a total value of $498,825.00. Following the transaction, the insider owned 48,343 shares of the company’s stock, valued at approximately $9,645,878.79. The trade was a 4.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $203.25, for a total value of $243,900.00. Following the completion of the transaction, the insider directly owned 28,760 shares in the company, valued at approximately $5,845,470. The trade was a 4.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 27,600 shares of company stock worth $5,544,159. 0.24% of the stock is currently owned by company insiders.

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.