Wolverine Asset Management LLC Buys 20,881 Shares of Electronic Arts Inc. $EA

Key Points

• Wolverine Asset Management LLC boosted its stake in Electronic Arts by 652.5% in Q4, buying 20,881 shares to own 24,081 shares worth about $4.92 million.
• Company insiders sold a total of 27,600 shares (≈$5.54M) last quarter — including CEO Andrew Wilson's sale of 5,000 shares — leaving insiders with just 0.24% ownership.
• Analysts have a consensus "Hold" rating with a $188.30 target, and several brokers (including Citigroup and UBS) are neutral, which is below the recent share price (~$202) and implies limited upside.

Wolverine Asset Management LLC grew its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 652.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,081 shares of the game software company's stock after purchasing an additional 20,881 shares during the quarter. Wolverine Asset Management LLC's holdings in Electronic Arts were worth $4,920,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EA. Composition Wealth LLC grew its position in shares of Electronic Arts by 2.9% in the 4th quarter. Composition Wealth LLC now owns 4,886 shares of the game software company's stock worth $998,000 after buying an additional 140 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Electronic Arts in the 4th quarter worth approximately $15,339,000. Citizens Financial Group Inc. RI grew its position in shares of Electronic Arts by 19.2% in the 4th quarter. Citizens Financial Group Inc. RI now owns 2,295 shares of the game software company's stock worth $469,000 after buying an additional 369 shares during the last quarter. Activest Wealth Management grew its position in shares of Electronic Arts by 947.8% in the 4th quarter. Activest Wealth Management now owns 702 shares of the game software company's stock worth $144,000 after buying an additional 635 shares during the last quarter. Finally, Keybank National Association OH grew its position in shares of Electronic Arts by 2.0% in the 4th quarter. Keybank National Association OH now owns 3,990 shares of the game software company's stock worth $815,000 after buying an additional 79 shares during the last quarter. Institutional investors own 90.23% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EA. Citigroup cut their price objective 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 reaffirmed a "neutral" rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $188.30.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $203.21, for a total transaction of $1,016,050.00. Following the sale, the chief executive officer owned 23,858 shares of the company's stock, valued at approximately $4,848,184.18. The trade was a 17.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Stuart Canfield sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $199.90, for a total transaction of $299,850.00. Following the sale, the chief financial officer directly owned 5,897 shares in the company, valued at approximately $1,178,810.30. This represents a 20.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 27,600 shares of company stock worth $5,544,159 in the last quarter. 0.24% of the stock is currently owned by company insiders.

Electronic Arts Price Performance

NASDAQ:EA opened at $202.09 on Monday. The company has a market cap of $50.57 billion, a PE ratio of 75.97, a P/E/G ratio of 2.17 and a beta of 0.66. Electronic Arts Inc. has a twelve month low of $141.19 and a twelve month high of $204.88. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The company's 50 day moving average is $201.84 and its two-hundred day moving average is $202.20.

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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