Wealth Enhancement Advisory Services LLC Raises Position in Electronic Arts Inc. $EA

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 14.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,429 shares of the game software company’s stock after buying an additional 3,060 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Electronic Arts were worth $4,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of EA. Brighton Jones LLC grew its position in Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after purchasing an additional 294 shares during the period. Empowered Funds LLC boosted its stake in shares of Electronic Arts by 167.0% during the 1st quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock worth $2,790,000 after acquiring an additional 12,076 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Electronic Arts by 150.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after acquiring an additional 190 shares during the period. Park Avenue Securities LLC purchased a new position in Electronic Arts during the second quarter worth approximately $589,000. Finally, Patton Fund Management Inc. acquired a new stake in Electronic Arts in the second quarter valued at approximately $240,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Price Performance

EA stock opened at $204.40 on Tuesday. The business has a 50 day simple moving average of $203.61 and a 200-day simple moving average of $187.92. The firm has a market capitalization of $51.12 billion, a PE ratio of 59.77, a price-to-earnings-growth ratio of 2.41 and a beta of 0.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84. Electronic Arts Inc. has a 1 year low of $115.30 and a 1 year high of $204.88.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.07). The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The firm’s revenue was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.11 EPS. Equities research analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jeff Huber sold 79,381 shares of Electronic Arts stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $201.17, for a total value of $15,969,075.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $201.65, for a total value of $302,475.00. Following the completion of the sale, the chief financial officer directly owned 5,595 shares in the company, valued at $1,128,231.75. This represents a 21.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 123,769 shares of company stock worth $24,943,734. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Zacks Research cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. UBS Group set a $210.00 target price on shares of Electronic Arts and gave the company a “neutral” rating in a research report on Tuesday, September 30th. TD Cowen cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Wednesday, October 1st. HSBC downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price target for the company. in a research report on Monday, September 29th. Finally, Benchmark reiterated a “buy” rating on shares of Electronic Arts in a report on Wednesday, October 29th. Four investment analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and an average price target of $187.19.

About Electronic Arts

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.