Boston Trust Walden Corp Sells 21,082 Shares of Electronic Arts Inc. (NASDAQ:EA)

Boston Trust Walden Corp lowered its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 28.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 53,405 shares of the game software company’s stock after selling 21,082 shares during the period. Boston Trust Walden Corp’s holdings in Electronic Arts were worth $7,813,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Electronic Arts by 51.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock worth $160,893,000 after buying an additional 373,730 shares during the period. abrdn plc lifted its position in Electronic Arts by 59.2% during the third 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 last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Electronic Arts by 8,503.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock worth $45,626,000 after acquiring an additional 314,388 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Electronic Arts in the third quarter valued at approximately $40,154,000. Finally, Huntington National Bank increased its stake 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 purchasing an additional 234,098 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Activity

In related news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $163.30, for a total value of $244,950.00. Following the completion of the transaction, the executive vice president now directly owns 23,360 shares in the company, valued at approximately $3,814,688. The trade was a 6.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the transaction, the chief executive officer now owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. This trade represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $3,835,555 over the last three months. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Price Performance

EA stock opened at $122.91 on Tuesday. 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 business has a 50-day simple moving average of $146.84 and a two-hundred day simple moving average of $147.79. The company has a market capitalization of $32.24 billion, a P/E ratio of 31.60, a price-to-earnings-growth ratio of 2.50 and a beta of 0.79. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EA. UBS Group boosted their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Stifel Nicolaus cut their price objective on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. lowered their target price on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. DZ Bank upgraded Electronic Arts from a “hold” rating to a “buy” rating and boosted their price target for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Finally, Argus raised their price objective on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.43.

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.