Insight 2811 Inc. Lowers Holdings in Electronic Arts Inc. (NASDAQ:EA)

Insight 2811 Inc. decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 4.9% in the fourth quarter, Holdings Channel reports. The firm owned 7,700 shares of the game software company’s stock after selling 400 shares during the period. Electronic Arts accounts for 0.5% of Insight 2811 Inc.’s investment portfolio, making the stock its 27th largest holding. Insight 2811 Inc.’s holdings in Electronic Arts were worth $828,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sandy Spring Bank lifted its holdings in Electronic Arts by 52.4% during the third quarter. Sandy Spring Bank now owns 320 shares of the game software company’s stock worth $31,000 after buying an additional 110 shares during the period. Confluence Wealth Management LLC lifted its holdings in Electronic Arts by 2.1% during the fourth quarter. Confluence Wealth Management LLC now owns 5,320 shares of the game software company’s stock worth $572,000 after buying an additional 110 shares during the period. BKD Wealth Advisors LLC lifted its holdings in Electronic Arts by 5.9% during the fourth quarter. BKD Wealth Advisors LLC now owns 2,423 shares of the game software company’s stock worth $260,000 after buying an additional 134 shares during the period. Weatherly Asset Management L. P. lifted its holdings in Electronic Arts by 1.8% during the fourth quarter. Weatherly Asset Management L. P. now owns 7,963 shares of the game software company’s stock worth $856,000 after buying an additional 138 shares during the period. Finally, OLD National Bancorp IN lifted its holdings in Electronic Arts by 1.1% during the fourth quarter. OLD National Bancorp IN now owns 14,890 shares of the game software company’s stock worth $1,601,000 after buying an additional 156 shares during the period. Hedge funds and other institutional investors own 90.69% of the company’s stock.

Shares of NASDAQ EA traded down $0.58 during mid-day trading on Thursday, hitting $109.20. The stock had a trading volume of 4,027,943 shares, compared to its average volume of 2,447,515. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.84 and a current ratio of 2.84. The company has a 50 day moving average of $109.76 and a two-hundred day moving average of $101.07. Electronic Arts Inc. has a twelve month low of $86.24 and a twelve month high of $114.13. The firm has a market cap of $31.71 billion, a PE ratio of 11.48, a PEG ratio of 2.23 and a beta of 1.04.

Electronic Arts (NASDAQ:EA) last released its earnings results on Thursday, January 30th. The game software company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.26. Electronic Arts had a return on equity of 18.86% and a net margin of 52.52%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the firm earned $0.86 EPS. The firm’s revenue was up 22.9% on a year-over-year basis. Equities research analysts predict that Electronic Arts Inc. will post 3.75 EPS for the current fiscal year.

In related news, CEO Andrew Wilson sold 20,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $100.92, for a total value of $2,018,400.00. Following the transaction, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at approximately $2,018,400. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Joel Linzner sold 2,000 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $110.94, for a total value of $221,880.00. Following the completion of the transaction, the executive vice president now directly owns 24,679 shares in the company, valued at $2,737,888.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,873 shares of company stock worth $10,654,192. 2.18% of the stock is owned by insiders.

A number of analysts have weighed in on the company. Piper Jaffray Companies lowered their target price on Electronic Arts from $112.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. BidaskClub lowered Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Nomura upped their target price on Electronic Arts from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Oppenheimer upped their target price on Electronic Arts from to in a report on Friday, January 31st. Finally, MKM Partners upped their price target on Electronic Arts to and gave the stock a “neutral” rating in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $116.21.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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