Unique Wealth Strategies LLC Takes Position in Electronic Arts Inc. (NASDAQ:EA)

Unique Wealth Strategies LLC purchased a new position in Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, HoldingsChannel reports. The fund purchased 4,784 shares of the game software company’s stock, valued at approximately $655,000.

Other large investors also recently added to or reduced their stakes in the company. Bray Capital Advisors raised its position in shares of Electronic Arts by 100.0% during the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock valued at $26,000 after buying an additional 110 shares in the last quarter. Larson Financial Group LLC bought a new stake in Electronic Arts during the fourth quarter worth about $30,000. Venturi Wealth Management LLC boosted its holdings in shares of 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 in the last quarter. CVA Family Office LLC bought a new position in shares of Electronic Arts during the 4th quarter valued at about $38,000. Finally, MCF Advisors LLC raised its holdings in shares of Electronic Arts by 36.9% during the 4th quarter. MCF Advisors LLC now owns 356 shares of the game software company’s stock valued at $49,000 after buying an additional 96 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ:EA traded up $0.59 during mid-day trading on Friday, hitting $127.90. 1,220,603 shares of the company traded hands, compared to its average volume of 1,679,358. The stock’s fifty day moving average price is $133.38 and its 200-day moving average price is $134.55. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $144.53. The firm has a market cap of $34.19 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the prior year, the firm earned $2.29 EPS. Electronic Arts’s revenue for the quarter was up 1.0% compared to the same quarter last year. Research analysts anticipate that Electronic Arts Inc. will post 5.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on EA shares. BMO Capital Markets began coverage on shares of Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective for the company. Stifel Nicolaus upped their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. UBS Group decreased their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. Oppenheimer reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Electronic Arts in a research note on Tuesday, April 23rd. Finally, 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. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Electronic Arts presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $127.19, for a total value of $317,975.00. Following the sale, the chief executive officer now directly owns 23,430 shares in the company, valued at approximately $2,980,061.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the transaction, the insider now owns 20,258 shares of the company’s stock, valued at approximately $2,901,755.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $127.19, for a total transaction of $317,975.00. Following the transaction, the chief executive officer now owns 23,430 shares in the company, valued at $2,980,061.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,144 shares of company stock worth $5,114,335. 0.20% of the stock is owned by corporate insiders.

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.