Electronic Arts Inc. (NASDAQ:EA) Stock Position Increased by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 15,970 shares of the game software company’s stock after buying an additional 488 shares during the period. Resonant Capital Advisors LLC’s holdings in Electronic Arts were worth $2,336,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Catalina Capital Group LLC acquired a new position in Electronic Arts during the 4th quarter valued at about $218,000. Avantra Family Wealth Inc. acquired a new position in Electronic Arts during the 4th quarter valued at about $459,000. Spire Wealth Management increased its stake in Electronic Arts by 881.0% during the 4th quarter. Spire Wealth Management now owns 2,070 shares of the game software company’s stock valued at $303,000 after buying an additional 1,859 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of Electronic Arts in the 4th quarter worth approximately $13,845,000. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Electronic Arts by 383.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 33,433 shares of the game software company’s stock worth $4,891,000 after purchasing an additional 26,511 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

EA stock opened at $122.91 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 stock has a market cap of $32.24 billion, a P/E ratio of 31.60, a P/E/G ratio of 2.50 and a beta of 0.79. The firm has a 50 day simple moving average of $147.66 and a 200 day simple moving average of $147.96. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $164.45, for a total value of $164,450.00. Following the completion of the sale, the insider now directly owns 30,216 shares in the company, valued at $4,969,021.20. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Laura Miele sold 2,500 shares of Electronic Arts 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 completion of the sale, the insider now owns 50,433 shares of the company’s stock, valued at $7,969,926.99. This trade represents a 4.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,000 shares of company stock worth $3,835,555. 0.22% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EA. Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Friday. Bank of America cut shares of Electronic Arts from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $170.00 to $130.00 in a research note on Thursday, January 23rd. Roth Mkm lowered their price objective on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $135.00 to $177.00 in a research note on Thursday, October 31st. Finally, BNP Paribas cut shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a research note on Monday, January 27th. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.