Electronic Arts Inc. $EA Shares Sold by Asset Management One Co. Ltd.

Key Points

• Asset Management One Co. Ltd. reduced its holdings in Electronic Arts by 1.7% during the 2nd quarter, owning 151,722 shares worth approximately $24.23 million at the end of the reporting period.
• Major price targets for Electronic Arts' shares range from $166 to $200, with an average price target of $179.38 according to various brokerages.
• Insider trading activity includes EVP Jacob J. Schatz and CEO Andrew Wilson selling shares, reflecting a decrease in their positions in the company.

Asset Management One Co. Ltd. lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,722 shares of the game software company's stock after selling 2,569 shares during the period. Asset Management One Co. Ltd. owned 0.06% of Electronic Arts worth $24,230,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EA. Brighton Jones LLC grew its stake in Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company's stock valued at $500,000 after acquiring an additional 294 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Electronic Arts by 45.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,397 shares of the game software company's stock valued at $2,370,000 after acquiring an additional 5,130 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Electronic Arts during the 1st quarter valued at about $224,000. Golden State Wealth Management LLC grew its stake in Electronic Arts by 176.8% during the 1st quarter. Golden State Wealth Management LLC now owns 346 shares of the game software company's stock valued at $50,000 after acquiring an additional 221 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in Electronic Arts by 2.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 7,053 shares of the game software company's stock valued at $1,019,000 after acquiring an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EA. Wells Fargo & Company set a $168.00 price objective on shares of Electronic Arts and gave the company an "equal weight" rating in a research note on Monday, July 28th. Wedbush reissued a "neutral" rating and issued a $200.00 price target on shares of Electronic Arts in a research note on Monday, September 29th. Wall Street Zen cut shares of Electronic Arts from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. DZ Bank cut shares of Electronic Arts from a "strong-buy" rating to a "strong sell" rating in a research note on Monday, September 29th. Finally, Bank of America increased their price target on shares of Electronic Arts from $166.00 to $168.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $179.38.

Insider Activity

In related news, EVP Jacob J. Schatz sold 1,200 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $171.52, for a total transaction of $205,824.00. Following the completion of the transaction, the executive vice president owned 26,080 shares of the company's stock, valued at approximately $4,473,241.60. This trade represents a 4.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total transaction of $855,250.00. Following the transaction, the chief executive officer directly owned 52,393 shares of the company's stock, valued at $8,961,822.65. The trade was a 8.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,900 shares of company stock worth $7,748,187 in the last three months. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Performance

NASDAQ:EA opened at $200.84 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $50.25 billion, a P/E ratio of 50.34, a PEG ratio of 3.05 and a beta of 0.77. The company has a 50 day moving average price of $183.25 and a 200 day moving average price of $162.78. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $203.75.

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.

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