Linden Thomas Advisory Services LLC Purchases New Position in Electronic Arts Inc. (NASDAQ:EA)

Linden Thomas Advisory Services LLC acquired a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,650 shares of the game software company’s stock, valued at approximately $241,000.

Several other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp grew its stake in Electronic Arts by 0.5% in the fourth quarter. Fifth Third Bancorp now owns 60,767 shares of the game software company’s stock valued at $8,890,000 after acquiring an additional 305 shares during the period. CX Institutional lifted its holdings in shares of Electronic Arts by 3.9% during the 4th quarter. CX Institutional now owns 2,422 shares of the game software company’s stock valued at $354,000 after purchasing an additional 91 shares in the last quarter. Brighton Jones LLC grew its position in shares of Electronic Arts by 9.4% in the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after purchasing an additional 294 shares during the period. Trust Co. of Oklahoma increased its stake in Electronic Arts by 1.9% during the 4th quarter. Trust Co. of Oklahoma now owns 6,236 shares of the game software company’s stock worth $912,000 after purchasing an additional 118 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Electronic Arts by 39.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 17,383 shares of the game software company’s stock worth $2,543,000 after buying an additional 4,884 shares during the period. Institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EA. BNP Paribas downgraded shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research report on Monday. Robert W. Baird lowered their target price on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, January 23rd. Argus lifted their price target on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. dropped their target price on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Twelve equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $158.05.

Insider Activity

In other news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total transaction of $832,350.00. Following the completion of the sale, the chief executive officer now owns 52,615 shares in the company, valued at approximately $8,758,819.05. This trade represents a 8.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $150.83, for a total transaction of $150,830.00. Following the sale, the insider now directly owns 28,190 shares of the company’s stock, valued at $4,251,897.70. The trade was a 3.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,000 shares of company stock valued at $3,986,385 over the last three months. Insiders own 0.22% of the company’s stock.

Electronic Arts Trading Up 1.2 %

Electronic Arts stock opened at $117.91 on Tuesday. The stock has a 50-day simple moving average of $151.51 and a 200 day simple moving average of $148.73. The stock has a market capitalization of $30.92 billion, a P/E ratio of 30.31, a PEG ratio of 1.87 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50.

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.