Modera Wealth Management LLC Lowers Stake in Electronic Arts Inc. $EA

Modera Wealth Management LLC trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,505 shares of the game software company’s stock after selling 6,523 shares during the period. Modera Wealth Management LLC’s holdings in Electronic Arts were worth $23,902,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Salomon & Ludwin LLC boosted its position in shares of Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after buying an additional 68 shares during the period. MTM Investment Management LLC purchased a new position in shares of Electronic Arts in the second quarter valued at $30,000. Frazier Financial Advisors LLC boosted its stake in shares of Electronic Arts by 328.9% in the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after purchasing an additional 148 shares during the period. NewSquare Capital LLC grew its holdings in Electronic Arts by 67.5% during the 2nd quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock valued at $31,000 after purchasing an additional 79 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in Electronic Arts by 131.9% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock worth $34,000 after buying an additional 95 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EA has been the subject of several recent analyst reports. BMO Capital Markets raised their target price on Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a research note on Tuesday, September 30th. HSBC lowered Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price objective for the company. in a research note on Monday, September 29th. Hsbc Global Res lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Benchmark reissued a “buy” rating on shares of Electronic Arts in a research report on Wednesday, October 29th. Finally, TD Cowen cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Wednesday, October 1st. Four investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $184.36.

Electronic Arts Price Performance

Shares of EA stock opened at $204.00 on Friday. The firm’s 50 day moving average price is $203.54 and its two-hundred day moving average price is $187.06. The stock has a market cap of $51.02 billion, a PE ratio of 59.65, a PEG ratio of 2.41 and a beta of 0.73. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $204.88. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.84 and a current ratio of 0.84.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.07). Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the business earned $1.11 earnings per share. The firm’s revenue for the quarter was down 12.6% on a year-over-year basis. As a group, analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Insider Buying and Selling

In other Electronic Arts news, Director Jeff Huber sold 16,788 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $200.72, for a total transaction of $3,369,687.36. Following the completion of the sale, the director directly owned 1,980 shares in the company, valued at $397,425.60. This trade represents a 89.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $204.30, for a total transaction of $245,160.00. Following the transaction, the insider owned 32,360 shares in the company, valued at approximately $6,611,148. The trade was a 3.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 123,769 shares of company stock valued at $24,943,734. Insiders own 0.24% of the company’s stock.

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.