CENTRAL TRUST Co Sells 317 Shares of Electronic Arts Inc. (NASDAQ:EA)

CENTRAL TRUST Co trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 11.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,352 shares of the game software company’s stock after selling 317 shares during the quarter. CENTRAL TRUST Co’s holdings in Electronic Arts were worth $344,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EA. Robeco Institutional Asset Management B.V. boosted its position in shares of Electronic Arts by 51.5% during the fourth 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 purchasing an additional 373,730 shares in the last quarter. abrdn plc lifted its position in Electronic Arts by 59.2% in the 3rd quarter. abrdn plc now owns 858,840 shares of the game software company’s stock valued at $123,484,000 after acquiring an additional 319,335 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Electronic Arts by 8,503.9% in the 3rd 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 acquiring an additional 314,388 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Electronic Arts in the 3rd quarter valued at $40,154,000. Finally, Huntington National Bank lifted its position in Electronic Arts by 983.4% in the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after acquiring an additional 234,098 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EA has been the topic of several research reports. UBS Group boosted their price objective 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. Bank of America cut shares of Electronic Arts from a “buy” rating to a “neutral” rating and cut their price objective for the company from $170.00 to $130.00 in a research report on Thursday, January 23rd. Oppenheimer cut their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Robert W. Baird cut their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. Finally, Citigroup lowered their price target on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research note on Tuesday. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.38.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the transaction, the insider now directly owns 28,216 shares in the company, valued at $3,443,198.48. This represents a 3.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company’s 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 transaction, the chief executive officer now owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. This represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,500 shares of company stock valued at $3,562,510 in the last quarter. Company insiders own 0.22% of the company’s stock.

Electronic Arts Stock Down 1.4 %

Electronic Arts stock opened at $121.25 on Wednesday. The firm has a market capitalization of $31.80 billion, a PE ratio of 31.17, a P/E/G ratio of 2.50 and a beta of 0.79. 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 company’s 50-day moving average is $145.96 and its 200-day moving average is $147.66. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 18.56% and a net margin of 14.12%. Sell-side analysts anticipate that Electronic Arts Inc. will post 5.02 earnings per share for the current year.

Electronic Arts Company 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.