Perigon Wealth Management LLC Buys 147 Shares of Electronic Arts Inc. (NASDAQ:EA)

Perigon Wealth Management LLC boosted its stake in Electronic Arts Inc. (NASDAQ:EA) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,321 shares of the game software company’s stock after purchasing an additional 147 shares during the period. Perigon Wealth Management LLC’s holdings in Electronic Arts were worth $894,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC purchased a new stake in Electronic Arts in the 3rd quarter worth about $25,000. Pinnacle Bancorp Inc. boosted its position in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the period. Reston Wealth Management LLC purchased a new position in shares of Electronic Arts in the third quarter worth about $36,000. Bruce G. Allen Investments LLC raised its position 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 valued at $39,000 after purchasing an additional 166 shares during the period. Finally, Larson Financial Group LLC lifted its stake in shares of Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Electronic Arts

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 value of $395,075.00. Following the transaction, the insider now owns 50,433 shares in the company, valued at approximately $7,969,926.99. This trade represents a 4.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were 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 $8,758,819.05. This represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,000 shares of company stock valued at $3,835,555. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EA. Robert W. Baird lowered their target price on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. Oppenheimer dropped their price objective on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Roth Mkm reduced their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Benchmark reissued a “buy” rating and issued a $163.00 price target on shares of Electronic Arts in a report on Wednesday, October 30th. Finally, Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Twelve 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $158.05.

Electronic Arts Trading Up 1.3 %

EA stock opened at $118.68 on Friday. The company has a market capitalization of $31.13 billion, a PE ratio of 30.51, a price-to-earnings-growth 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 one year low of $115.21 and a one year high of $168.50. The company’s 50 day moving average price is $148.54 and its two-hundred day moving average price is $148.09.

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.