Electronic Arts Inc. $EA Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 151,722 shares of the game software company’s stock after selling 2,569 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Electronic Arts were worth $24,230,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Salomon & Ludwin LLC lifted its holdings in Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after buying an additional 68 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Electronic Arts by 3.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company’s stock worth $323,000 after buying an additional 72 shares in the last quarter. Bank of Jackson Hole Trust raised its holdings in shares of Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after purchasing an additional 75 shares in the last quarter. Financial Management Professionals Inc. raised its holdings in shares of Electronic Arts by 13.6% in the 2nd quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company’s stock valued at $102,000 after purchasing an additional 76 shares in the last quarter. Finally, Conning Inc. raised its holdings in shares of Electronic Arts by 4.7% in the 1st quarter. Conning Inc. now owns 1,749 shares of the game software company’s stock valued at $253,000 after purchasing an additional 78 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $171.05, for a total value of $855,250.00. Following the transaction, the chief executive officer directly owned 52,393 shares of the company’s stock, valued at $8,961,822.65. This trade represents a 8.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the 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 directly owned 33,531 shares in the company, valued at $6,820,205.40. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,900 shares of company stock worth $7,748,187. Insiders own 0.24% of the company’s stock.

Electronic Arts Trading Up 0.1%

NASDAQ EA opened at $200.84 on Friday. 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 firm’s fifty day moving average price is $183.25 and its 200 day moving average price is $162.78. The company has a market capitalization of $50.25 billion, a price-to-earnings ratio of 50.34, a price-to-earnings-growth ratio of 3.05 and a beta of 0.77. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $203.75.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EA. Bank of America raised their price objective on shares of Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Cowen lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Wednesday, October 1st. Arete Research set a $192.00 price objective on shares of Electronic Arts in a report on Tuesday, August 5th. BMO Capital Markets raised their price objective on shares of Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a report on Tuesday, September 30th. Finally, Robert W. Baird restated a “neutral” rating and issued a $210.00 price objective (up 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 assigned a Buy rating, twenty-five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $179.38.

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.