CX Institutional Grows Holdings in Electronic Arts Inc. (NASDAQ:EA)

CX Institutional raised its position in Electronic Arts Inc. (NASDAQ:EA) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,422 shares of the game software company’s stock after buying an additional 91 shares during the period. CX Institutional’s holdings in Electronic Arts were worth $354,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in Electronic Arts in the third quarter valued at $25,000. Pinnacle Bancorp Inc. grew its position in shares of Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares during the period. Reston Wealth Management LLC acquired a new stake in shares of Electronic Arts in the third quarter valued at about $36,000. Bruce G. Allen Investments LLC grew its position in shares of Electronic Arts by 156.6% in the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after purchasing an additional 166 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of Electronic Arts by 31.8% in 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 period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Price Performance

Electronic Arts stock opened at $116.56 on Monday. The company’s 50 day simple moving average is $152.43 and its 200-day simple moving average is $148.92. The company has a market capitalization of $30.57 billion, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 1.87 and a beta of 0.80. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 28,190 shares of the company’s stock, valued at $4,251,897.70. This represents a 3.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total transaction of $395,075.00. Following the sale, the insider now directly 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 disclosure for this sale can be found here. In the last three months, insiders have sold 26,000 shares of company stock valued at $3,986,385. Company insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on EA shares. Oppenheimer dropped their target price 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. BNP Paribas upgraded shares of Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price target on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Robert W. Baird lowered their price target 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. Finally, Stifel Nicolaus lowered their price target on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $159.79.

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.