Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. trimmed its holdings in Electronic Arts Inc. (NASDAQ:EA) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,419 shares of the game software company’s stock after selling 127 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Electronic Arts were worth $208,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Larson Financial Group LLC grew its position in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares during the last quarter. Claro Advisors LLC grew its position in Electronic Arts by 3.4% in the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock valued at $334,000 after buying an additional 75 shares during the last quarter. Prime Capital Investment Advisors LLC grew its position in Electronic Arts by 5.1% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after buying an additional 76 shares during the last quarter. Ballentine Partners LLC grew its position in Electronic Arts by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock valued at $550,000 after buying an additional 82 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in Electronic Arts by 1.7% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock valued at $708,000 after buying an additional 83 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Trading Down 1.7 %

NASDAQ EA opened at $116.56 on Monday. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a 50-day moving average of $152.43 and a 200-day moving average of $148.92. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market cap of $30.57 billion, a P/E ratio of 29.96, a P/E/G ratio of 1.87 and a beta of 0.80.

Insider Activity

In other news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total transaction of $395,075.00. Following the completion of the sale, the insider now owns 50,433 shares in the company, valued at approximately $7,969,926.99. The trade was a 4.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the sale, the chief executive officer now owns 42,615 shares of the company’s stock, valued at $6,080,308.20. The trade was a 10.50 % decrease in their position. 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 in the last 90 days. 0.22% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. BMO Capital Markets lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $160.00 to $145.00 in a research report on Thursday. Benchmark reiterated a “buy” rating and issued a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, October 30th. Raymond James lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday. JPMorgan Chase & Co. decreased their target price on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, Oppenheimer decreased their target price on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $159.79.

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.