Connecticut Wealth Management LLC Invests $657,000 in Electronic Arts Inc. (NASDAQ:EA)

Connecticut Wealth Management LLC purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,802 shares of the game software company’s stock, valued at approximately $657,000.

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

Insider Activity at Electronic Arts

In other news, Director Luis A. Ubinas sold 4,872 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $136.84, for a total value of $666,684.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $142.39, for a total value of $355,975.00. Following the sale, the chief executive officer now owns 28,430 shares in the company, valued at $4,048,147.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Luis A. Ubinas sold 4,872 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $136.84, for a total transaction of $666,684.48. The disclosure for this sale can be found here. Insiders have sold 37,144 shares of company stock worth $5,087,143 over the last 90 days. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Roth Mkm lowered their target price on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday. Oppenheimer reissued an “outperform” rating and set a $150.00 price objective on shares of Electronic Arts in a report on Tuesday, April 23rd. Wedbush reaffirmed an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a report on Thursday. 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 target on the stock. Finally, UBS Group cut their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. Eight 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $146.72.

Electronic Arts Trading Up 0.8 %

Shares of EA stock traded up $1.06 during trading hours on Friday, reaching $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 current ratio of 1.33, a quick 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 P/E ratio of 32.63, a P/E/G ratio of 1.73 and a beta of 0.78. The firm’s fifty day simple moving average is $131.99 and its 200 day simple moving average is $134.45.

Electronic Arts 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.