Sanctuary Advisors LLC Sells 8,022 Shares of Electronic Arts Inc. $EA

Key Points

• Sanctuary Advisors LLC cut its stake in Electronic Arts by 51.2%, selling 8,022 shares and finishing the quarter with 7,652 shares worth about $1.564 million.
• Company insiders including CFO Stuart Canfield and CEO Andrew Wilson sold shares; insiders disposed of 27,600 shares valued at $5.544 million last quarter and now own 0.24% of the stock.
• EA trades around $201.82 with a market cap of $50.5 billion, while Wall Street consensus is a Hold with an average price target of $188.30 (some firms recently trimmed targets to about $202).

Sanctuary Advisors LLC lessened its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 51.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,652 shares of the game software company's stock after selling 8,022 shares during the period. Sanctuary Advisors LLC's holdings in Electronic Arts were worth $1,564,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Electronic Arts by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company's stock valued at $5,879,205,000 after purchasing an additional 485,030 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in shares of Electronic Arts by 2.4% in the fourth quarter. Resonant Capital Advisors LLC now owns 18,463 shares of the game software company's stock worth $3,773,000 after purchasing an additional 439 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of Electronic Arts by 72.9% in the fourth quarter. Concurrent Investment Advisors LLC now owns 4,408 shares of the game software company's stock worth $901,000 after purchasing an additional 1,859 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its stake in shares of Electronic Arts by 7.2% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 7,078 shares of the game software company's stock worth $1,446,000 after purchasing an additional 473 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG boosted its position in Electronic Arts by 24.0% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 11,440 shares of the game software company's stock valued at $2,338,000 after acquiring an additional 2,213 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Stock Down 0.1%

Electronic Arts stock opened at $201.82 on Tuesday. Electronic Arts Inc. has a twelve month low of $141.19 and a twelve month high of $204.88. The firm has a 50 day moving average price of $201.84 and a 200-day moving average price of $202.20. The company has a market capitalization of $50.51 billion, a P/E ratio of 75.87, a P/E/G ratio of 2.17 and a beta of 0.66. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Citigroup cut their price target on shares of Electronic Arts from $207.00 to $202.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 4th. UBS Group restated a "neutral" rating on shares of Electronic Arts in a report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $188.30.

Insider Activity at Electronic Arts

In related news, CFO Stuart Canfield sold 1,500 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total value 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $199.95, for a total transaction of $999,750.00. Following the completion of the transaction, the chief executive officer directly owned 28,858 shares of the company's stock, valued at approximately $5,770,157.10. This trade represents a 14.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,600 shares of company stock valued at $5,544,159 over the last quarter. 0.24% of the stock is currently owned by insiders.

About Electronic Arts

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.

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