M&T Bank Corp Decreases Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

M&T Bank Corp decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 9.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,216 shares of the game software company’s stock after selling 11,528 shares during the quarter. M&T Bank Corp’s holdings in Electronic Arts were worth $14,395,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV raised its position in shares of Electronic Arts by 23.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company’s stock worth $2,753,000 after purchasing an additional 4,411 shares during the period. Value Partners Investments Inc. grew its position in Electronic Arts by 33.5% in the 4th quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company’s stock valued at $53,761,000 after buying an additional 107,709 shares in the last quarter. Metis Global Partners LLC increased its stake in Electronic Arts by 14.7% during the 3rd quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company’s stock valued at $1,381,000 after buying an additional 1,469 shares during the period. Morgan Stanley raised its position in shares of Electronic Arts by 13.0% during the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock worth $408,084,000 after buying an additional 389,063 shares in the last quarter. Finally, West Family Investments Inc. acquired a new stake in shares of Electronic Arts in the 4th quarter worth approximately $230,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EA. Stifel Nicolaus increased their target price on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 18th. UBS Group cut their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. Roth Mkm decreased their target price on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday. Benchmark reiterated a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a report on Thursday, April 18th. Finally, Oppenheimer reiterated an “outperform” rating and set a $150.00 price target on shares of Electronic Arts in a report on Tuesday, April 23rd. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $146.72.

Electronic Arts Stock Up 0.8 %

Shares of EA stock traded up $1.06 during trading 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. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $144.53. The business has a fifty day moving average price of $131.99 and a 200-day moving average price of $134.43. The company has a market cap of $34.64 billion, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 1.73 and a beta of 0.78. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $139.08, for a total transaction of $111,264.00. Following the completion of the sale, the insider now directly owns 27,883 shares in the company, valued at approximately $3,877,967.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Electronic Arts news, Director Luis A. Ubinas sold 4,872 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $136.84, for a total value of $666,684.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $139.08, for a total transaction of $111,264.00. Following the transaction, the insider now directly owns 27,883 shares of the company’s stock, valued at approximately $3,877,967.64. The disclosure for this sale can be found here. Insiders sold 37,144 shares of company stock worth $5,087,143 over the last three months. Insiders own 0.20% of the company’s stock.

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.