First National Trust Co Sells 2,411 Shares of Electronic Arts Inc. (NASDAQ:EA)

First National Trust Co cut its stake in Electronic Arts Inc. (NASDAQ:EA) by 34.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,571 shares of the game software company’s stock after selling 2,411 shares during the period. First National Trust Co’s holdings in Electronic Arts were worth $625,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bray Capital Advisors boosted its holdings in Electronic Arts by 100.0% during the third 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 last quarter. Leith Wheeler Investment Counsel Ltd. increased its position in shares of Electronic Arts by 269.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock valued at $29,000 after acquiring an additional 154,989 shares during the last quarter. Larson Financial Group LLC acquired a new stake in shares of Electronic Arts in the fourth quarter valued at about $30,000. Venturi Wealth Management LLC raised its holdings in Electronic Arts by 81.0% during the fourth quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock worth $31,000 after acquiring an additional 102 shares in the last quarter. Finally, CVA Family Office LLC acquired a new position in Electronic Arts during the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Ratings Changes

EA has been the subject of several analyst reports. Oppenheimer reissued an “outperform” rating and issued a $150.00 target price on shares of Electronic Arts in a research note on Tuesday, April 23rd. Stifel Nicolaus boosted 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 lowered their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. Benchmark restated a “buy” rating and set a $153.00 price objective on shares of Electronic Arts in a report on Thursday, April 18th. Finally, BMO Capital Markets started coverage on Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Electronic Arts presently has an average rating of “Moderate Buy” and a consensus target price of $146.72.

Insider Activity at Electronic Arts

In related news, Director Jeff Huber sold 11,872 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $141.90, for a total transaction of $1,684,636.80. Following the sale, the director now directly owns 79,381 shares of the company’s stock, valued at approximately $11,264,163.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $142.39, for a total value of $355,975.00. Following the completion of the transaction, the chief executive officer now directly owns 28,430 shares in the company, valued at $4,048,147.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeff Huber sold 11,872 shares of Electronic Arts stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $141.90, for a total value of $1,684,636.80. Following the sale, the director now directly owns 79,381 shares in the company, valued at $11,264,163.90. The disclosure for this sale can be found here. Insiders have sold 37,144 shares of company stock valued at $5,087,143 over the last ninety days. 0.20% of the stock is owned by corporate insiders.

Electronic Arts Price Performance

Shares of EA traded up $1.06 during midday trading on Friday, hitting $129.56. The company’s stock had a trading volume of 1,650,180 shares, compared to its average volume of 1,685,682. 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 stock has a market capitalization of $34.64 billion, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 1.73 and a beta of 0.78. The company’s fifty day simple moving average is $131.99 and its two-hundred day simple moving average is $134.43.

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.