Rathbones Group PLC Has $5.55 Million Stock Holdings in Electronic Arts Inc. $EA

Rathbones Group PLC decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 9.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,239 shares of the game software company’s stock after selling 2,754 shares during the period. Rathbones Group PLC’s holdings in Electronic Arts were worth $5,553,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. grew its holdings in Electronic Arts by 12.5% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 108,908 shares of the game software company’s stock worth $22,185,000 after acquiring an additional 12,095 shares during the period. Swiss National Bank raised its position in shares of Electronic Arts by 8.0% during the 1st quarter. Swiss National Bank now owns 704,400 shares of the game software company’s stock valued at $143,606,000 after acquiring an additional 51,900 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of Electronic Arts in the 4th quarter valued at $8,745,000. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Electronic Arts by 500.3% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 47,805 shares of the game software company’s stock worth $9,768,000 after purchasing an additional 39,841 shares during the last quarter. Finally, Mizuho Markets Americas LLC bought a new position in shares of Electronic Arts in the 4th quarter worth $2,043,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,066 shares of Electronic Arts stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.66, for a total transaction of $1,021,609.56. Following the transaction, the chief executive officer owned 85,974 shares in the company, valued at $17,337,516.84. The trade was a 5.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $203.00, for a total value of $243,600.00. Following the completion of the transaction, the insider owned 26,360 shares of the company’s stock, valued at $5,351,080. This represents a 4.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 31,206 shares of company stock worth $6,292,058 over the last three months. Company insiders own 0.24% of the company’s stock.

Electronic Arts Stock Up 0.0%

NASDAQ:EA opened at $209.91 on Tuesday. Electronic Arts Inc. has a 1 year low of $156.37 and a 1 year high of $209.97. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The stock has a market cap of $52.98 billion, a price-to-earnings ratio of 60.15, a PEG ratio of 2.35 and a beta of 0.64. The stock has a 50-day moving average price of $205.21 and a two-hundred day moving average price of $203.01.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Argus downgraded Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Zacks Research lowered Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Wall Street Zen raised Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Finally, Citigroup increased their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $201.42.

Electronic Arts Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.