Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. cut its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,163 shares of the game software company’s stock after selling 272 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Electronic Arts were worth $902,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Public Sector Pension Investment Board boosted its stake in Electronic Arts by 97.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 7,969 shares of the game software company’s stock worth $1,110,000 after buying an additional 3,936 shares during the last quarter. Creative Planning grew its holdings in Electronic Arts by 14.5% in the second quarter. Creative Planning now owns 25,325 shares of the game software company’s stock valued at $3,528,000 after purchasing an additional 3,213 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Electronic Arts by 6.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,111 shares of the game software company’s stock worth $712,000 after purchasing an additional 332 shares during the last quarter. Advisory Alpha LLC raised its stake in Electronic Arts by 41.6% during the second quarter. Advisory Alpha LLC now owns 3,169 shares of the game software company’s stock worth $442,000 after purchasing an additional 931 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of Electronic Arts in the 2nd quarter valued at $749,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

EA has been the topic of several research reports. Roth Mkm cut their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Oppenheimer reduced their price objective on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Stifel Nicolaus dropped their target price on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. BNP Paribas cut shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research report on Monday. Finally, StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Electronic Arts currently has an average rating of “Hold” and a consensus price target of $158.05.

Electronic Arts Price Performance

EA opened at $117.10 on Thursday. The company has a market capitalization of $30.71 billion, a P/E ratio of 30.10, a PEG ratio of 1.87 and a beta of 0.80. The company has a 50-day moving average of $149.52 and a 200-day moving average of $148.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $150.83, for a total value of $150,830.00. Following the transaction, the insider now owns 28,190 shares of the company’s stock, valued at $4,251,897.70. This trade represents a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the transaction, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,000 shares of company stock valued at $3,986,385 over the last three months. 0.22% of the stock is owned by insiders.

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.