Fifth Third Bancorp Purchases 305 Shares of Electronic Arts Inc. (NASDAQ:EA)

Fifth Third Bancorp boosted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,767 shares of the game software company’s stock after acquiring an additional 305 shares during the quarter. Fifth Third Bancorp’s holdings in Electronic Arts were worth $8,890,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Larson Financial Group LLC raised its holdings in shares of Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares during the last quarter. Claro Advisors LLC raised its stake in Electronic Arts by 3.4% during the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock valued at $334,000 after buying an additional 75 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its holdings in shares of Electronic Arts by 5.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after buying an additional 76 shares during the period. Ballentine Partners LLC boosted its stake in shares of Electronic Arts by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock worth $550,000 after buying an additional 82 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its holdings in shares of Electronic Arts by 1.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock worth $708,000 after acquiring an additional 83 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total value of $395,075.00. Following the sale, the insider now owns 50,433 shares in the company, valued at approximately $7,969,926.99. The trade was a 4.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $150.83, for a total transaction of $150,830.00. Following the transaction, the insider now owns 28,190 shares of the company’s stock, valued at $4,251,897.70. This trade represents a 3.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,000 shares of company stock valued at $3,986,385 in the last 90 days. Insiders own 0.22% of the company’s stock.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $116.56 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market cap of $30.57 billion, a price-to-earnings ratio of 29.96, a P/E/G ratio of 1.87 and a beta of 0.80. The firm has a fifty day moving average price of $152.43 and a 200 day moving average price of $148.92. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EA shares. Wedbush reissued an “outperform” rating and issued a $173.00 target price on shares of Electronic Arts in a report on Thursday. Raymond James downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday. Argus upped their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. BNP Paribas upgraded shares of Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Roth Mkm reduced their price objective on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus price target of $159.79.

Electronic Arts 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.