RBA Wealth Management LLC Has $3.98 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

RBA Wealth Management LLC boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 27,225 shares of the game software company’s stock after purchasing an additional 434 shares during the quarter. RBA Wealth Management LLC’s holdings in Electronic Arts were worth $3,983,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its holdings in Electronic Arts by 51.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock valued at $160,893,000 after purchasing an additional 373,730 shares in the last quarter. abrdn plc increased its stake in shares of Electronic Arts by 59.2% in the 3rd quarter. abrdn plc now owns 858,840 shares of the game software company’s stock valued at $123,484,000 after buying an additional 319,335 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Electronic Arts by 8,503.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock valued at $45,626,000 after buying an additional 314,388 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Electronic Arts in the 3rd quarter valued at $40,154,000. Finally, Huntington National Bank increased its stake in shares of Electronic Arts by 983.4% in the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after buying an additional 234,098 shares during the period. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $122.91 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average price of $146.84 and a two-hundred day moving average price of $147.79. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a market cap of $32.24 billion, a P/E ratio of 31.60, a PEG ratio of 2.50 and a beta of 0.79.

Insiders Place Their Bets

In other news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total transaction of $395,075.00. Following the completion of the sale, the insider now owns 50,433 shares in the company, valued at $7,969,926.99. This trade represents a 4.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the sale, the chief executive officer now owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. The trade was a 8.68 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,000 shares of company stock worth $3,835,555. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Argus lifted their target price on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. BNP Paribas lowered Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research report on Monday, January 27th. Bank of America lowered Electronic Arts from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $170.00 to $130.00 in a research report on Thursday, January 23rd. UBS Group raised their price target on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird reduced their target price on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Electronic Arts currently has a consensus rating of “Moderate Buy” and an average price target of $157.43.

Electronic Arts 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.