GC Wealth Management RIA LLC Cuts Stake in Electronic Arts Inc. $EA

GC Wealth Management RIA LLC reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 69.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,638 shares of the game software company’s stock after selling 3,666 shares during the period. GC Wealth Management RIA LLC’s holdings in Electronic Arts were worth $335,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EA. Pentwater Capital Management LP purchased a new stake in Electronic Arts during the 3rd quarter valued at approximately $968,160,000. Ameriprise Financial Inc. grew its holdings in Electronic Arts by 44.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock valued at $673,393,000 after buying an additional 1,300,336 shares in the last quarter. Man Group plc grew its holdings in Electronic Arts by 165.5% during the 2nd quarter. Man Group plc now owns 1,279,249 shares of the game software company’s stock valued at $204,296,000 after buying an additional 797,461 shares in the last quarter. Quinn Opportunity Partners LLC purchased a new stake in Electronic Arts during the 3rd quarter valued at approximately $156,760,000. Finally, First Trust Advisors LP grew its holdings in Electronic Arts by 26.3% during the 3rd quarter. First Trust Advisors LP now owns 3,069,543 shares of the game software company’s stock valued at $619,127,000 after buying an additional 638,667 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Trading Down 0.1%

EA stock opened at $202.09 on Friday. The firm has a fifty day moving average price of $201.84 and a 200 day moving average price of $202.17. Electronic Arts Inc. has a fifty-two week low of $141.19 and a fifty-two week high of $204.88. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $50.57 billion, a PE ratio of 75.97, a price-to-earnings-growth ratio of 2.18 and a beta of 0.73.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Citigroup cut their target price on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Electronic Arts has an average rating of “Hold” and a consensus target price of $188.30.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $203.25, for a total value of $243,900.00. Following the completion of the transaction, the insider directly owned 28,760 shares of the company’s stock, valued at approximately $5,845,470. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total transaction of $299,850.00. Following the completion of the transaction, the chief financial officer directly owned 5,897 shares of the company’s stock, valued at approximately $1,178,810.30. This trade represents a 20.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 27,600 shares of company stock valued at $5,544,159. 0.24% of the stock is owned by company insiders.

Electronic Arts Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.