Atomi Financial Group Inc. Acquires New Position in Electronic Arts Inc. (NASDAQ:EA)

Atomi Financial Group Inc. bought a new position in Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,480 shares of the game software company’s stock, valued at approximately $217,000.

Several other large investors also recently bought and sold shares of EA. Ashton Thomas Securities LLC purchased a new position in Electronic Arts during the third quarter valued at $25,000. Pinnacle Bancorp Inc. lifted its stake in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after buying an additional 117 shares in the last quarter. Reston Wealth Management LLC purchased a new position in Electronic Arts in the 3rd quarter valued at about $36,000. Bruce G. Allen Investments LLC boosted its holdings in Electronic Arts by 156.6% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after buying an additional 166 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after buying an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

EA has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. BNP Paribas downgraded shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target for the company. in a report on Monday. Stifel Nicolaus decreased their price objective on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Wedbush reissued an “outperform” rating and set a $173.00 target price on shares of Electronic Arts in a research note on Thursday, January 23rd. Finally, StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Twelve research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $158.05.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $117.91 on Tuesday. The business has a fifty day moving average of $151.51 and a 200-day moving average of $148.73. The firm has a market cap of $30.92 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 1.87 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.

Insider Activity

In other news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total transaction of $395,075.00. Following the completion of the transaction, the insider now directly owns 50,433 shares of the company’s stock, valued at $7,969,926.99. This represents a 4.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00. Following the completion of the sale, the chief executive officer now owns 42,615 shares in the company, valued at $6,080,308.20. This trade represents a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,000 shares of company stock valued at $3,986,385 in the last 90 days. 0.22% of the stock is owned by company insiders.

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.