Electronic Arts Inc. $EA Shares Sold by Howard Capital Management Inc.

Howard Capital Management Inc. lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,137 shares of the game software company’s stock after selling 316 shares during the quarter. Howard Capital Management Inc.’s holdings in Electronic Arts were worth $980,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Electronic Arts by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company’s stock worth $4,198,607,000 after acquiring an additional 150,438 shares in the last quarter. Ninety One UK Ltd grew its stake in Electronic Arts by 4.6% in the second quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock worth $695,645,000 after purchasing an additional 193,442 shares in the last quarter. Independent Franchise Partners LLP grew its stake in Electronic Arts by 2.3% in the first quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company’s stock worth $570,233,000 after purchasing an additional 88,767 shares in the last quarter. Invesco Ltd. grew its stake in Electronic Arts by 15.6% in the first quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company’s stock worth $539,563,000 after purchasing an additional 504,760 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Electronic Arts by 62.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock worth $470,197,000 after purchasing an additional 1,254,194 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Trading Down 0.1%

NASDAQ:EA opened at $200.30 on Wednesday. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $203.75. The firm has a market capitalization of $50.12 billion, a P/E ratio of 50.20, a P/E/G ratio of 3.05 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50 day simple moving average of $184.46 and a 200 day simple moving average of $163.83.

Analyst Ratings Changes

Several research analysts have recently commented on EA shares. DZ Bank lowered Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, September 29th. Arete upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 target price for the company in a research report on Tuesday, August 5th. BMO Capital Markets lifted their price objective on shares of Electronic Arts from $166.00 to $210.00 and gave the stock a “market perform” rating in a report on Tuesday, September 30th. Roth Capital downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $185.00 to $210.00 in a report on Thursday, October 2nd. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $210.00 price objective (up previously from $170.00) on shares of Electronic Arts in a report on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and a consensus price target of $179.38.

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $244,080.00. Following the completion of the transaction, the insider owned 33,531 shares of the company’s stock, valued at approximately $6,820,205.40. The trade was a 3.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Stuart Canfield sold 6,500 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the transaction, the chief financial officer directly owned 5,140 shares of the company’s stock, valued at approximately $1,045,476. This trade represents a 55.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 41,900 shares of company stock valued at $7,748,187. Company insiders own 0.24% of the company’s stock.

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.