Perigon Wealth Management LLC Acquires 147 Shares of Electronic Arts Inc. (NASDAQ:EA)

Perigon Wealth Management LLC raised its stake in Electronic Arts Inc. (NASDAQ:EA) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,321 shares of the game software company’s stock after acquiring an additional 147 shares during the quarter. Perigon Wealth Management LLC’s holdings in Electronic Arts were worth $894,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in EA. Atomi Financial Group Inc. acquired a new stake in shares of Electronic Arts during the fourth quarter valued at about $217,000. Huntington National Bank boosted its position in Electronic Arts by 983.4% during the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after buying an additional 234,098 shares during the period. Dai ichi Life Insurance Company Ltd grew its holdings in Electronic Arts by 20.8% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company’s stock worth $9,205,000 after acquiring an additional 11,058 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Electronic Arts by 5.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 84,200 shares of the game software company’s stock valued at $12,078,000 after acquiring an additional 4,702 shares during the period. Finally, Greenwood Capital Associates LLC bought a new position in shares of Electronic Arts during the third quarter valued at $5,597,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wedbush reissued an “outperform” rating and issued a $173.00 price objective on shares of Electronic Arts in a research note on Thursday, January 23rd. Roth Mkm reduced their price target 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. Argus raised their price objective on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. BMO Capital Markets cut Electronic Arts from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $160.00 to $145.00 in a report on Thursday, January 23rd. Finally, Raymond James lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. Twelve investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $158.05.

Electronic Arts Stock Performance

Shares of EA stock opened at $118.68 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $148.54 and a two-hundred day simple moving average of $148.09. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The firm has a market capitalization of $31.13 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 1.87 and a beta of 0.80.

Insider Transactions at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total transaction of $395,075.00. Following the transaction, the insider now directly owns 50,433 shares in the company, valued at approximately $7,969,926.99. The trade was a 4.72 % decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the completion of the sale, the chief executive officer now directly owns 42,615 shares of the company’s stock, valued at $6,080,308.20. The trade was a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $3,835,555 over the last three months. Corporate insiders own 0.22% of the company’s stock.

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.