Stonegate Investment Group LLC Acquires 391 Shares of Electronic Arts Inc. (NASDAQ:EA)

Stonegate Investment Group LLC grew its holdings in Electronic Arts Inc. (NASDAQ:EA) by 25.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,939 shares of the game software company’s stock after acquiring an additional 391 shares during the quarter. Stonegate Investment Group LLC’s holdings in Electronic Arts were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of EA. Ashton Thomas Securities LLC bought a new stake in Electronic Arts in the 3rd quarter valued at $25,000. Pinnacle Bancorp Inc. raised its position in shares of Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after buying an additional 117 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of Electronic Arts in the third quarter valued at about $36,000. Bruce G. Allen Investments LLC grew its position in Electronic Arts by 156.6% during 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 increased its stake in Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Trading Down 1.2 %

EA opened at $116.53 on Wednesday. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The stock has a market capitalization of $30.56 billion, a PE ratio of 29.96, a PEG ratio of 1.87 and a beta of 0.80. 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 firm has a 50-day moving average price of $150.52 and a two-hundred day moving average price of $148.52.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the transaction, the insider now owns 28,190 shares in the company, valued at $4,251,897.70. This trade represents a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the sale, the insider now directly owns 50,433 shares of the company’s stock, valued at $7,969,926.99. This represents a 4.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,000 shares of company stock valued at $3,986,385 over the last three months. 0.22% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on EA. UBS Group lifted their price objective on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Oppenheimer lowered their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Benchmark reaffirmed a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, October 30th. Argus upped their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Roth Mkm cut their price target on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Twelve equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $158.05.

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.