Unique Wealth Strategies LLC Makes New $655,000 Investment in Electronic Arts Inc. (NASDAQ:EA)

Unique Wealth Strategies LLC purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,784 shares of the game software company’s stock, valued at approximately $655,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bray Capital Advisors grew its holdings in Electronic Arts by 100.0% during 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 last quarter. Leith Wheeler Investment Counsel Ltd. lifted 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 purchasing an additional 154,989 shares in the last quarter. Larson Financial Group LLC purchased a new stake in shares of Electronic Arts during the fourth quarter worth about $30,000. Venturi Wealth Management LLC raised its position in shares of Electronic Arts by 81.0% in the fourth 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 last quarter. Finally, CVA Family Office LLC acquired a new stake in Electronic Arts during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wedbush reissued an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 31st. Oppenheimer restated an “outperform” rating and set a $150.00 price objective on shares of Electronic Arts in a research note on Tuesday, April 23rd. UBS Group reduced their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. Stifel Nicolaus upped their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Benchmark reaffirmed a “buy” rating and set a $153.00 price objective on shares of Electronic Arts in a research note on Thursday, April 18th. Eight 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $147.00.

Electronic Arts Price Performance

EA stock traded up $0.59 during midday trading on Friday, reaching $127.90. 1,220,603 shares of the company’s stock traded hands, compared to its average volume of 1,679,358. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. The company has a market cap of $34.19 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 1.77 and a beta of 0.76. The company has a 50-day simple moving average of $133.38 and a two-hundred day simple moving average of $134.55. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53.

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

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $142.39, for a total transaction of $355,975.00. Following the transaction, the chief executive officer now directly owns 28,430 shares in the company, valued at $4,048,147.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $142.39, for a total transaction of $355,975.00. Following the transaction, the chief executive officer now directly owns 28,430 shares of the company’s stock, valued at approximately $4,048,147.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeff Huber sold 11,872 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $141.90, for a total value of $1,684,636.80. Following the sale, the director now owns 79,381 shares of the company’s stock, valued at approximately $11,264,163.90. The disclosure for this sale can be found here. Insiders have sold 37,144 shares of company stock worth $5,114,335 in the last ninety days. Company insiders own 0.20% of the company’s stock.

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.