Gitterman Wealth Management LLC Acquires New Position in Electronic Arts Inc. (NASDAQ:EA)

Gitterman Wealth Management LLC acquired a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,766 shares of the game software company’s stock, valued at approximately $242,000.

A number of other large investors also recently modified their holdings of the company. Bray Capital Advisors increased its stake in Electronic Arts by 100.0% in the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after purchasing an additional 110 shares during the period. Larson Financial Group LLC purchased a new position in Electronic Arts in the 4th quarter worth approximately $30,000. Venturi Wealth Management LLC increased its stake in Electronic Arts by 81.0% in the 4th quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock worth $31,000 after purchasing an additional 102 shares during the period. CVA Family Office LLC bought a new stake in shares of Electronic Arts in the 4th quarter worth approximately $38,000. Finally, MCF Advisors LLC grew its position in shares of Electronic Arts by 36.9% in the 4th quarter. MCF Advisors LLC now owns 356 shares of the game software company’s stock worth $49,000 after buying an additional 96 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Oppenheimer reiterated an “outperform” rating and issued a $150.00 price objective on shares of Electronic Arts in a research report on Tuesday, April 23rd. Stifel Nicolaus lifted their price objective on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. BMO Capital Markets initiated 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. Wedbush restated an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a research report on Wednesday, January 31st. Finally, Benchmark restated a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a research report on Thursday, April 18th. Eight 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $147.00.

Electronic Arts Stock Up 0.5 %

Shares of EA stock traded up $0.59 during mid-day trading on Friday, hitting $127.90. The company’s stock had a trading volume of 1,220,603 shares, compared to its average volume of 1,679,358. The stock has a market cap of $34.19 billion, a price-to-earnings 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. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $144.53. The business has a 50-day moving average price of $133.38 and a 200 day moving average price of $134.55.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data 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). The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.29 EPS. Research analysts predict that Electronic Arts Inc. will post 5.35 EPS for the current fiscal year.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $137.43, for a total transaction of $109,944.00. Following the completion of the sale, the insider now owns 28,683 shares of the company’s stock, valued at $3,941,904.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Laura Miele sold 2,000 shares of the company’s stock in a transaction dated 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 owns 38,548 shares of the company’s stock, valued at $5,297,651.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $109,944.00. Following the completion of the transaction, the insider now directly owns 28,683 shares of the company’s stock, valued at approximately $3,941,904.69. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,144 shares of company stock valued at $5,114,335. Company insiders own 0.20% of the company’s stock.

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.