West Family Investments Inc. Makes New $230,000 Investment in Electronic Arts Inc. (NASDAQ:EA)

West Family Investments Inc. acquired a new position in Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,682 shares of the game software company’s stock, valued at approximately $230,000.

Several other large investors also recently modified their holdings of the company. Bray Capital Advisors increased 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 worth $26,000 after acquiring an additional 110 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. grew its stake in shares of Electronic Arts by 269.1% during the fourth 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 last quarter. Larson Financial Group LLC purchased a new stake in shares of Electronic Arts in the fourth quarter valued at approximately $30,000. Venturi Wealth Management LLC boosted its holdings 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 purchasing an additional 102 shares during the period. Finally, CVA Family Office LLC purchased a new stake in shares of Electronic Arts in the fourth quarter valued at approximately $38,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Up 0.8 %

Shares of Electronic Arts stock traded up $1.06 during trading on Friday, hitting $129.56. 1,650,172 shares of the stock were exchanged, compared to its average volume of 1,975,562. The stock has a market cap of $34.64 billion, a price-to-earnings ratio of 32.61, a price-to-earnings-growth ratio of 1.71 and a beta of 0.78. The firm’s 50-day moving average price is $132.25 and its 200 day moving average price is $134.44. Electronic Arts Inc. has a 12-month low of $117.47 and a 12-month high of $144.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33.

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

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total transaction of $101,312.00. Following the transaction, the insider now owns 26,283 shares of the company’s stock, valued at $3,328,479.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were 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 approximately $4,048,147.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,144 shares of company stock worth $5,087,143. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wedbush restated an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a report on Thursday. Stifel Nicolaus upped their target price on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. BMO Capital Markets began coverage on Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price target on the stock. Oppenheimer restated an “outperform” rating and set a $150.00 target price on shares of Electronic Arts in a research report on Tuesday, April 23rd. Finally, Roth Mkm decreased their price target on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday. Eight research 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $146.72.

Electronic Arts 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.