Stonegate Investment Group LLC Buys 391 Shares of Electronic Arts Inc. (NASDAQ:EA)

Stonegate Investment Group LLC grew its stake in Electronic Arts Inc. (NASDAQ:EA) by 25.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,939 shares of the game software company’s stock after acquiring an additional 391 shares during the period. Stonegate Investment Group LLC’s holdings in Electronic Arts were worth $284,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Public Sector Pension Investment Board lifted its holdings in Electronic Arts by 97.6% during the second quarter. Public Sector Pension Investment Board now owns 7,969 shares of the game software company’s stock worth $1,110,000 after acquiring an additional 3,936 shares in the last quarter. Creative Planning raised its position in shares of Electronic Arts by 14.5% during the second quarter. Creative Planning now owns 25,325 shares of the game software company’s stock worth $3,528,000 after purchasing an additional 3,213 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Electronic Arts by 6.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,111 shares of the game software company’s stock valued at $712,000 after purchasing an additional 332 shares in the last quarter. Advisory Alpha LLC grew its position in shares of Electronic Arts by 41.6% in the 2nd quarter. Advisory Alpha LLC now owns 3,169 shares of the game software company’s stock valued at $442,000 after purchasing an additional 931 shares during the period. Finally, Ariadne Wealth Management LP bought a new stake in Electronic Arts during the 2nd quarter worth approximately $506,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Stifel Nicolaus reduced their price target 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. Raymond James lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. cut their price target on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. UBS Group increased their price objective on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating 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 research note on Monday. Twelve research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $158.05.

Insider Activity at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the 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 transaction, the insider now owns 50,433 shares in the company, valued at approximately $7,969,926.99. This trade represents a 4.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the sale, the insider now owns 28,190 shares of the company’s stock, valued at $4,251,897.70. This trade represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,000 shares of company stock worth $3,986,385. Company insiders own 0.22% of the company’s stock.

Electronic Arts Price Performance

NASDAQ:EA opened at $116.53 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The stock’s 50 day moving average price is $150.52 and its two-hundred day moving average price is $148.52. The firm has a market capitalization of $30.56 billion, a price-to-earnings ratio of 29.96, a P/E/G ratio of 1.87 and a beta of 0.80.

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.