Citizens Financial Group Inc. RI Sells 1,356 Shares of Electronic Arts Inc. (NASDAQ:EA)

Citizens Financial Group Inc. RI decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 3.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 41,495 shares of the game software company’s stock after selling 1,356 shares during the period. Citizens Financial Group Inc. RI’s holdings in Electronic Arts were worth $5,677,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jennison Associates LLC grew its position in shares of Electronic Arts by 1.3% in the fourth quarter. Jennison Associates LLC now owns 6,339 shares of the game software company’s stock valued at $867,000 after purchasing an additional 84 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its position in shares of Electronic Arts by 0.3% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 34,102 shares of the game software company’s stock valued at $4,106,000 after purchasing an additional 86 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. grew its position in shares of Electronic Arts by 0.3% in the third quarter. Van Lanschot Kempen Investment Management N.V. now owns 27,085 shares of the game software company’s stock valued at $3,261,000 after purchasing an additional 87 shares during the last quarter. Mirador Capital Partners LP grew its position in Electronic Arts by 2.9% during the fourth quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company’s stock worth $447,000 after buying an additional 91 shares in the last quarter. Finally, Whittier Trust Co. grew its position in Electronic Arts by 4.1% during the fourth quarter. Whittier Trust Co. now owns 2,355 shares of the game software company’s stock worth $322,000 after buying an additional 93 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on EA. Wedbush reissued an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a research report on Wednesday, January 31st. Benchmark reissued a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a research report on Thursday, April 18th. Stifel Nicolaus increased their price target on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. UBS Group reduced their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Finally, BMO Capital Markets began coverage on Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price target on the stock. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

Electronic Arts Price Performance

Shares of EA traded up $0.59 during trading hours on Friday, reaching $127.90. The stock had a trading volume of 1,220,603 shares, compared to its average volume of 1,679,358. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $144.53. The stock has a market capitalization of $34.19 billion, a PE ratio of 32.22, a PEG ratio of 1.77 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. The company’s 50-day moving average is $133.38 and its two-hundred day moving average is $134.50.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the company posted $2.29 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. Research analysts expect that Electronic Arts Inc. will post 5.35 EPS for the current year.

Insider Activity

In other news, COO Laura Miele sold 2,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $274,860.00. Following the completion of the transaction, the chief operating officer now directly owns 38,548 shares in the company, valued at approximately $5,297,651.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $127.19, for a total transaction of $317,975.00. Following the completion of the transaction, the chief executive officer now directly owns 23,430 shares of the company’s stock, valued at approximately $2,980,061.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Laura Miele sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $274,860.00. Following the transaction, the chief operating officer now directly owns 38,548 shares of the company’s stock, valued at $5,297,651.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,144 shares of company stock worth $5,114,335. Insiders own 0.20% of the company’s stock.

About Electronic Arts

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.