RBA Wealth Management LLC Raises Position in Electronic Arts Inc. (NASDAQ:EA)

RBA Wealth Management LLC grew its position in Electronic Arts Inc. (NASDAQ:EA) by 1.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 27,225 shares of the game software company’s stock after buying an additional 434 shares during the period. RBA Wealth Management LLC’s holdings in Electronic Arts were worth $3,983,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Ashton Thomas Securities LLC purchased a new position in shares of Electronic Arts in the third quarter worth $25,000. Pinnacle Bancorp Inc. lifted its holdings in shares of Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after buying an additional 117 shares in the last quarter. Reston Wealth Management LLC purchased a new position in shares of Electronic Arts in the third quarter worth $36,000. Bruce G. Allen Investments LLC lifted its holdings in shares of Electronic Arts by 156.6% in the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after buying an additional 166 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after buying an additional 70 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Stock Performance

Electronic Arts stock opened at $122.91 on Tuesday. The company has a market cap of $32.24 billion, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 2.50 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The stock’s 50-day moving average is $146.84 and its 200-day moving average is $147.79.

Insider Activity at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $163.30, for a total value of $244,950.00. Following the completion of the sale, the executive vice president now directly owns 23,360 shares in the company, valued at approximately $3,814,688. The trade was a 6.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the transaction, the insider now owns 50,433 shares of the company’s stock, valued at approximately $7,969,926.99. The trade was a 4.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,000 shares of company stock worth $3,835,555. 0.22% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EA shares. Wedbush reaffirmed an “outperform” rating and set a $173.00 price target on shares of Electronic Arts in a research note on Thursday, January 23rd. Argus raised their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and increased their price objective for the company from $135.00 to $177.00 in a research report on Thursday, October 31st. Raymond James lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Finally, Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a research report on Friday. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $157.43.

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.