Sanctuary Advisors LLC Sells 8,022 Shares of Electronic Arts Inc. $EA

Sanctuary Advisors LLC lessened its holdings in Electronic Arts Inc. (NASDAQ:EA) by 51.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,652 shares of the game software company’s stock after selling 8,022 shares during the quarter. Sanctuary Advisors LLC’s holdings in Electronic Arts were worth $1,564,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Ameriflex Group Inc. increased its position in shares of Electronic Arts by 100.0% during the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after buying an additional 69 shares during the period. Oakworth Capital Inc. purchased a new stake in Electronic Arts in the third quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Electronic Arts by 131.9% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock worth $34,000 after purchasing an additional 95 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Electronic Arts by 150.8% in the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after buying an additional 190 shares in the last quarter. Finally, Salomon & Ludwin LLC lifted its stake in shares of Electronic Arts by 32.8% in the fourth quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after buying an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Price Performance

EA stock opened at $201.82 on Tuesday. The company has a fifty day simple moving average of $201.84 and a two-hundred day simple moving average of $202.20. The firm has a market capitalization of $50.51 billion, a P/E ratio of 75.87, a price-to-earnings-growth ratio of 2.17 and a beta of 0.66. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 52 week low of $141.19 and a 52 week high of $204.88.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EA shares. UBS Group restated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Citigroup reduced their price objective on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $188.30.

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $203.21, for a total transaction of $1,016,050.00. Following the completion of the sale, the chief executive officer owned 23,858 shares in the company, valued at $4,848,184.18. This trade represents a 17.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $203.25, for a total transaction of $243,900.00. Following the sale, the insider owned 28,760 shares of the company’s stock, valued at $5,845,470. The trade was a 4.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 27,600 shares of company stock worth $5,544,159. Corporate insiders own 0.24% of the company’s stock.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.