Cullinan Associates Inc. Has $20.33 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Cullinan Associates Inc. reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 17.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 138,943 shares of the game software company’s stock after selling 28,638 shares during the quarter. Electronic Arts accounts for 1.3% of Cullinan Associates Inc.’s holdings, making the stock its 18th biggest holding. Cullinan Associates Inc. owned approximately 0.05% of Electronic Arts worth $20,327,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC lifted its stake in shares of Electronic Arts by 31.8% in the 3rd 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 last quarter. Claro Advisors LLC raised its position in Electronic Arts by 3.4% in the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock valued at $334,000 after purchasing an additional 75 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its stake in shares of Electronic Arts by 5.1% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after purchasing an additional 76 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of Electronic Arts by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock worth $550,000 after purchasing an additional 82 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its stake in shares of Electronic Arts by 1.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock valued at $708,000 after buying an additional 83 shares during the period. Institutional investors own 90.23% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the completion of the sale, the chief executive officer now directly owns 42,615 shares in the company, valued at $6,080,308.20. This represents a 10.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the completion of the transaction, the insider now owns 30,216 shares in the company, valued at $4,969,021.20. This represents a 3.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $3,835,555 in the last quarter. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on EA. Argus lifted their price objective on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Bank of America cut Electronic Arts from a “buy” rating to a “neutral” rating and cut their price target for the stock from $170.00 to $130.00 in a report on Thursday, January 23rd. Oppenheimer lowered their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. Finally, Wedbush reiterated an “outperform” rating and set a $173.00 price objective on shares of Electronic Arts in a report on Thursday, January 23rd. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $157.43.

Electronic Arts Price Performance

EA opened at $122.91 on Tuesday. 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 one year low of $115.21 and a one year high of $168.50. The firm has a market capitalization of $32.24 billion, a P/E ratio of 31.60, a price-to-earnings-growth ratio of 2.50 and a beta of 0.79. The company has a fifty day moving average price of $146.84 and a 200-day moving average price of $147.79.

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.