Electronic Arts Inc. (NASDAQ:EA) Stock Position Raised by Blue Trust Inc.

Blue Trust Inc. boosted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 35.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,026 shares of the game software company’s stock after acquiring an additional 1,051 shares during the period. Blue Trust Inc.’s holdings in Electronic Arts were worth $577,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EA. abrdn plc increased its holdings in shares of Electronic Arts by 59.2% in the 3rd quarter. abrdn plc now owns 858,840 shares of the game software company’s stock worth $123,484,000 after acquiring an additional 319,335 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Electronic Arts by 8,503.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock valued at $45,626,000 after purchasing an additional 314,388 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Electronic Arts during the third quarter valued at approximately $40,154,000. Huntington National Bank boosted its position in shares of Electronic Arts by 983.4% during the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after buying an additional 234,098 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Electronic Arts by 28.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 940,942 shares of the game software company’s stock worth $134,969,000 after buying an additional 206,623 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

Shares of EA opened at $118.68 on Friday. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company has a 50-day moving average of $148.54 and a two-hundred day moving average of $148.09. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market cap of $31.13 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 1.87 and a beta of 0.80.

Insiders Place Their Bets

In related news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total transaction of $395,075.00. Following the transaction, the insider now directly owns 50,433 shares of the company’s stock, 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 the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the completion of the sale, the chief executive officer now owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. The trade was a 8.68 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,000 shares of company stock worth $3,835,555. Corporate insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on EA shares. Raymond James downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Benchmark reaffirmed a “buy” rating and issued a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, October 30th. BMO Capital Markets downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $160.00 to $145.00 in a research report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, BNP Paribas cut Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price on the stock. in a report on Monday. Twelve investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $158.05.

About Electronic Arts

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.