Citizens Financial Group Inc. RI Reduces Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Citizens Financial Group Inc. RI decreased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,495 shares of the game software company’s stock after selling 1,356 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Electronic Arts were worth $5,677,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bray Capital Advisors grew its holdings in Electronic Arts by 100.0% in the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock valued at $26,000 after buying an additional 110 shares during the period. Leith Wheeler Investment Counsel Ltd. grew its holdings in Electronic Arts by 269.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock valued at $29,000 after buying an additional 154,989 shares during the period. Larson Financial Group LLC purchased a new stake in Electronic Arts in the 4th quarter valued at about $30,000. Venturi Wealth Management LLC grew its holdings in Electronic Arts by 81.0% in the 4th quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock valued at $31,000 after buying an additional 102 shares during the period. Finally, CVA Family Office LLC acquired a new position in shares of Electronic Arts in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insiders Place Their Bets

In other Electronic Arts news, COO Laura Miele sold 2,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total transaction of $274,860.00. Following the completion of the transaction, the chief operating officer now owns 38,548 shares in the company, valued at approximately $5,297,651.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $127.19, for a total value of $317,975.00. Following the completion of the sale, the chief executive officer now owns 23,430 shares in the company, valued at $2,980,061.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Laura Miele sold 2,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $137.43, for a total value of $274,860.00. Following the sale, the chief operating officer now directly owns 38,548 shares of the company’s stock, valued at $5,297,651.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,144 shares of company stock worth $5,114,335. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

EA has been the topic of several research analyst reports. Benchmark reaffirmed a “buy” rating and issued a $153.00 price objective on shares of Electronic Arts in a research note on Thursday, April 18th. BMO Capital Markets initiated coverage on Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective on the stock. Wedbush reaffirmed an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 31st. Stifel Nicolaus boosted their price target on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, Oppenheimer reissued an “outperform” rating and set a $150.00 price target on shares of Electronic Arts in a research report on Tuesday. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.00.

Electronic Arts Stock Performance

EA traded up $0.59 during trading on Friday, reaching $127.90. 1,220,603 shares of the company were exchanged, compared to its average volume of 1,679,358. The stock has a market cap of $34.19 billion, a P/E ratio of 32.22, a PEG ratio of 1.77 and a beta of 0.76. The firm has a 50 day moving average of $133.38 and a 200 day moving average of $134.50. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $144.53.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.40 billion. Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. Electronic Arts’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.29 earnings per share. On average, sell-side analysts forecast that Electronic Arts Inc. will post 5.35 EPS for the current fiscal year.

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.