Manning & Napier Advisors LLC Lowers Position in Electronic Arts Inc. (NASDAQ:EA)

Manning & Napier Advisors LLC trimmed its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 12.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 879,378 shares of the game software company's stock after selling 122,907 shares during the period. Electronic Arts accounts for approximately 1.5% of Manning & Napier Advisors LLC's portfolio, making the stock its 22nd largest position. Manning & Napier Advisors LLC owned about 0.34% of Electronic Arts worth $128,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EA. Larson Financial Group LLC grew its stake in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock valued at $42,000 after acquiring an additional 70 shares during the last quarter. Claro Advisors LLC increased its stake in Electronic Arts by 3.4% during the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock worth $334,000 after acquiring an additional 75 shares during the last quarter. Prime Capital Investment Advisors LLC grew its stake in Electronic Arts by 5.1% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company's stock worth $225,000 after buying an additional 76 shares during the period. Ballentine Partners LLC boosted its holdings in Electronic Arts by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company's stock worth $550,000 after acquiring an additional 82 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its position in shares of Electronic Arts by 1.7% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company's stock worth $708,000 after acquiring an additional 83 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the sale, the chief executive officer now directly owns 42,615 shares of the company's stock, valued at approximately $6,080,308.20. The trade was a 10.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stuart Canfield sold 1,000 shares of the company's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $148.18, for a total transaction of $148,180.00. Following the completion of the sale, the chief financial officer now directly owns 8,750 shares in the company, valued at approximately $1,296,575. The trade was a 10.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,000 shares of company stock worth $3,986,385. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Up 1.3 %

Shares of NASDAQ EA traded up $1.58 during mid-day trading on Thursday, reaching $118.68. The company had a trading volume of 4,401,513 shares, compared to its average volume of 3,953,353. The stock has a market capitalization of $31.13 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 1.87 and a beta of 0.80. The stock's 50 day moving average is $149.52 and its 200-day moving average is $148.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.

Analyst Ratings Changes

EA has been the subject of several research analyst reports. Bank of America downgraded shares of Electronic Arts from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $170.00 to $130.00 in a research report on Thursday, January 23rd. Stifel Nicolaus decreased their target price on Electronic Arts from $167.00 to $159.00 and set a "hold" rating for the company in a research report on Tuesday, January 21st. Oppenheimer lowered their price target on Electronic Arts from $170.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, January 21st. StockNews.com upgraded Electronic Arts from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets lowered shares of Electronic Arts from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $160.00 to $145.00 in a research note on Thursday, January 23rd. Twelve equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Electronic Arts currently has a consensus rating of "Hold" and an average target price of $158.05.

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.