Ninety One North America Inc. Has $35.63 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

Ninety One North America Inc. decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 243,507 shares of the game software company’s stock after selling 10,113 shares during the period. Electronic Arts makes up 2.2% of Ninety One North America Inc.’s holdings, making the stock its 17th biggest holding. Ninety One North America Inc. owned about 0.09% of Electronic Arts worth $35,625,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Greenwood Capital Associates LLC raised its holdings in shares of Electronic Arts by 1.5% during the fourth quarter. Greenwood Capital Associates LLC now owns 39,614 shares of the game software company’s stock valued at $5,796,000 after purchasing an additional 592 shares during the period. E. Ohman J or Asset Management AB increased its position in shares of Electronic Arts by 0.6% during the fourth quarter. E. Ohman J or Asset Management AB now owns 186,030 shares of the game software company’s stock worth $27,216,000 after acquiring an additional 1,200 shares in the last quarter. RBA Wealth Management LLC increased its position in shares of Electronic Arts by 1.6% during the fourth quarter. RBA Wealth Management LLC now owns 27,225 shares of the game software company’s stock worth $3,983,000 after acquiring an additional 434 shares in the last quarter. Resonant Capital Advisors LLC increased its position in shares of Electronic Arts by 3.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 15,970 shares of the game software company’s stock worth $2,336,000 after acquiring an additional 488 shares in the last quarter. Finally, Catalina Capital Group LLC bought a new stake in shares of Electronic Arts during the fourth quarter worth about $218,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction 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 approximately $4,969,021.20. The trade was a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $163.30, for a total value of $244,950.00. Following the completion of the transaction, the executive vice president now owns 23,360 shares of the company’s stock, valued at $3,814,688. This represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $3,835,555 over the last ninety days. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Trading Down 0.3 %

EA opened at $122.51 on Tuesday. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The business has a 50 day simple moving average of $146.84 and a two-hundred day simple moving average of $147.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market capitalization of $32.13 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.50 and a beta of 0.79.

Analyst Ratings Changes

A number of analysts recently commented on EA shares. Argus increased their price target on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Moffett Nathanson upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Friday. Stifel Nicolaus reduced their price target on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Bank of America lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $170.00 to $130.00 in a research report on Thursday, January 23rd. Finally, Oppenheimer reduced their target price on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.43.

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.