Kovitz Investment Group Partners LLC Has $699,000 Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Kovitz Investment Group Partners LLC lowered its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 96.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,780 shares of the game software company's stock after selling 127,684 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Electronic Arts were worth $699,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of EA. Pinnacle Bancorp Inc. increased its holdings in shares of Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after purchasing an additional 117 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Electronic Arts during the 4th quarter worth $32,000. Millstone Evans Group LLC bought a new stake in shares of Electronic Arts during the 4th quarter valued at $37,000. SBI Securities Co. Ltd. purchased a new stake in shares of Electronic Arts in the 4th quarter worth $41,000. Finally, OFI Invest Asset Management bought a new position in Electronic Arts in the 4th quarter worth $42,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Performance

Shares of Electronic Arts stock traded up $6.00 on Friday, reaching $151.10. 5,109,190 shares of the company were exchanged, compared to its average volume of 2,683,048. The company's 50-day moving average is $140.91 and its two-hundred day moving average is $144.56. The firm has a market cap of $39.38 billion, a price-to-earnings ratio of 38.45, a P/E/G ratio of 3.58 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, research analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Insider Activity at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $145.65, for a total value of $218,475.00. Following the transaction, the executive vice president now owns 19,033 shares of the company's stock, valued at approximately $2,772,156.45. This trade represents a 7.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $130.14, for a total transaction of $650,700.00. Following the completion of the sale, the chief executive officer now directly owns 37,615 shares of the company's stock, valued at $4,895,216.10. The trade was a 11.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,000 shares of company stock valued at $3,178,300. Insiders own 0.22% of the company's stock.

Wall Street Analyst Weigh In

EA has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Electronic Arts from $125.00 to $135.00 and gave the company a "neutral" rating in a research report on Tuesday, April 22nd. StockNews.com downgraded shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. Stifel Nicolaus reduced their target price on Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a report on Tuesday, January 21st. Morgan Stanley dropped their price target on Electronic Arts from $150.00 to $135.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Finally, BNP Paribas cut shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price target on the stock. in a research report on Monday, January 27th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $154.22.

About Electronic Arts

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.