Union Bancaire Privee UBP SA Buys New Shares in Electronic Arts Inc. (NASDAQ:EA)

Union Bancaire Privee UBP SA purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,360 shares of the game software company’s stock, valued at approximately $199,000.

Several other institutional investors also recently made changes to their positions in EA. Larson Financial Group LLC boosted its holdings in Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after acquiring an additional 70 shares during the last quarter. Claro Advisors LLC lifted its stake in shares of 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 purchasing an additional 75 shares in the last quarter. Prime Capital Investment Advisors LLC grew its holdings in shares of Electronic Arts by 5.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock worth $225,000 after purchasing an additional 76 shares during the period. Ballentine Partners LLC raised its holdings in Electronic Arts by 2.2% in the fourth 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 period. Finally, Fifth Third Wealth Advisors LLC lifted its position in Electronic Arts by 1.7% during the fourth 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 in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total value of $215,175.00. Following the completion of the sale, the executive vice president now owns 23,386 shares of the company’s stock, valued at $3,354,721.70. This represents a 6.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00. Following the transaction, the chief executive officer now directly owns 42,615 shares in the company, valued at approximately $6,080,308.20. The trade was a 10.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,000 shares of company stock worth $3,986,385. 0.22% of the stock is owned by insiders.

Electronic Arts Trading Up 0.5 %

Shares of NASDAQ EA opened at $117.10 on Thursday. The company has a market cap of $30.71 billion, a price-to-earnings ratio of 30.10, a price-to-earnings-growth ratio of 1.87 and a beta of 0.80. The stock’s 50 day simple moving average is $149.52 and its 200 day simple moving average is $148.30. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EA shares. BMO Capital Markets downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating and cut their target price for the company from $160.00 to $145.00 in a research note on Thursday, January 23rd. Benchmark restated a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday, October 30th. Oppenheimer decreased their target price on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and boosted their price target for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. Finally, Roth Mkm lowered their price objective on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Twelve investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $158.05.

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.