Electronic Arts Inc. (NASDAQ:EA) Shares Sold by First National Trust Co

First National Trust Co lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 34.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,571 shares of the game software company’s stock after selling 2,411 shares during the quarter. First National Trust Co’s holdings in Electronic Arts were worth $625,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bray Capital Advisors raised its stake in Electronic Arts by 100.0% during the third 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 in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its position in shares of Electronic Arts by 269.1% during 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 acquiring an additional 154,989 shares in the last quarter. Larson Financial Group LLC bought a new position in Electronic Arts during the fourth quarter worth $30,000. Venturi Wealth Management LLC boosted its holdings in Electronic Arts by 81.0% in the fourth quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock worth $31,000 after purchasing an additional 102 shares during the period. Finally, CVA Family Office LLC bought a new stake in Electronic Arts during the fourth quarter valued at $38,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Up 0.8 %

NASDAQ:EA traded up $1.06 on Friday, hitting $129.56. 1,650,180 shares of the company’s stock traded hands, compared to its average volume of 1,685,682. The company has a market cap of $34.64 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 1.73 and a beta of 0.78. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $131.99 and a 200-day moving average price of $134.43.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $126.64, for a total value of $101,312.00. Following the transaction, the insider now owns 26,283 shares in the company, valued at $3,328,479.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Luis A. Ubinas sold 4,872 shares of Electronic Arts stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $136.84, for a total value of $666,684.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $126.64, for a total transaction of $101,312.00. Following the transaction, the insider now directly owns 26,283 shares in the company, valued at $3,328,479.12. The disclosure for this sale can be found here. Insiders have sold a total of 37,144 shares of company stock worth $5,087,143 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Oppenheimer restated an “outperform” rating and set a $150.00 price target on shares of Electronic Arts in a research report on Tuesday, April 23rd. Wedbush reiterated an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a research report on Thursday. Benchmark restated a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a research report on Thursday, April 18th. Finally, UBS Group cut their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Electronic Arts currently has an average rating of “Moderate Buy” and an average target price of $146.72.

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.