Rathbones Group PLC Has $5.55 Million Stock Position in Electronic Arts Inc. $EA

Rathbones Group PLC reduced its stake in Electronic Arts Inc. (NASDAQ:EA) by 9.2% during the 1st quarter, Holdings Channel reports. The fund owned 27,239 shares of the game software company’s stock after selling 2,754 shares during the period. Rathbones Group PLC’s holdings in Electronic Arts were worth $5,553,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Ascentis Independent Advisors bought a new stake in shares of Electronic Arts during the first quarter worth approximately $27,000. MV Capital Management Inc. bought a new position in shares of Electronic Arts during the fourth quarter worth approximately $28,000. Asset Planning Inc bought a new position in shares of Electronic Arts during the first quarter worth approximately $32,000. Whipplewood Advisors LLC acquired a new stake in Electronic Arts during the 1st quarter worth approximately $32,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in Electronic Arts during the 4th quarter worth approximately $44,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wall Street Zen raised Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Argus downgraded Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Citigroup boosted their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. 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, Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and a consensus price target of $201.42.

Electronic Arts Trading Up 0.0%

Shares of EA stock opened at $209.91 on Tuesday. The stock has a market cap of $52.98 billion, a P/E ratio of 60.15, a price-to-earnings-growth ratio of 2.35 and a beta of 0.64. Electronic Arts Inc. has a 1 year low of $156.37 and a 1 year high of $209.97. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The stock has a 50 day simple moving average of $205.21 and a 200 day simple moving average of $203.01.

Insider Transactions at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 5,000 shares of Electronic Arts stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $201.19, for a total value of $1,005,950.00. Following the completion of the transaction, the executive vice president directly owned 42,287 shares of the company’s stock, valued at $8,507,721.53. The trade was a 10.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 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 sale, the insider owned 73,513 shares of the company’s stock, valued at approximately $14,930,490.30. The trade was a 3.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 31,206 shares of company stock worth $6,292,058. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Company 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.