Castlekeep Investment Advisors LLC Invests $2.35 Million in Electronic Arts Inc. (NASDAQ:EA)

Castlekeep Investment Advisors LLC purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,093 shares of the game software company’s stock, valued at approximately $2,354,000.

A number of other hedge funds also recently added to or reduced their stakes in EA. Claro Advisors LLC grew its stake in shares of Electronic Arts by 3.4% in the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock worth $334,000 after acquiring an additional 75 shares during the period. Intrust Bank NA grew its position in Electronic Arts by 3.3% in the 4th quarter. Intrust Bank NA now owns 2,475 shares of the game software company’s stock worth $362,000 after purchasing an additional 78 shares during the period. Parkside Financial Bank & Trust raised its stake in Electronic Arts by 11.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock valued at $119,000 after buying an additional 81 shares during the last quarter. Ballentine Partners LLC lifted its holdings in shares of Electronic Arts by 2.2% during the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock valued at $550,000 after buying an additional 82 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of Electronic Arts by 1.7% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock worth $708,000 after buying an additional 83 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total transaction of $650,700.00. Following the sale, the chief executive officer now directly owns 37,615 shares in the company, valued at $4,895,216.10. This represents a 11.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total value of $130,110.00. Following the completion of the transaction, the chief financial officer now owns 9,516 shares of the company’s stock, valued at approximately $1,238,126.76. This trade represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,000 shares of company stock worth $3,056,270. Insiders own 0.22% of the company’s stock.

Electronic Arts Trading Up 2.4 %

Shares of EA stock opened at $154.74 on Tuesday. The stock’s 50-day moving average price is $141.39 and its 200-day moving average price is $144.63. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The stock has a market capitalization of $40.33 billion, a price-to-earnings ratio of 39.37, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Equities research analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on EA shares. Ascendiant Capital Markets increased their target price on Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a report on Monday, March 3rd. BNP Paribas cut shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a research note on Monday, January 27th. JPMorgan Chase & Co. boosted their target price on shares of Electronic Arts from $125.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, April 22nd. DA Davidson started coverage on shares of Electronic Arts in a research report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price target on the stock. Finally, Roth Mkm cut their price objective on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $154.22.

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.