Truist Financial Corp Has $4.01 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

Truist Financial Corp grew its position in Electronic Arts Inc. (NASDAQ:EA) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,286 shares of the game software company’s stock after purchasing an additional 359 shares during the quarter. Truist Financial Corp’s holdings in Electronic Arts were worth $4,007,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Jennison Associates LLC increased its stake in shares of Electronic Arts by 1.3% in the 4th quarter. Jennison Associates LLC now owns 6,339 shares of the game software company’s stock valued at $867,000 after acquiring an additional 84 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its stake in Electronic Arts by 0.3% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 34,102 shares of the game software company’s stock valued at $4,106,000 after purchasing an additional 86 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. raised its holdings in shares of Electronic Arts by 0.3% during the third quarter. Van Lanschot Kempen Investment Management N.V. now owns 27,085 shares of the game software company’s stock valued at $3,261,000 after purchasing an additional 87 shares during the period. Mirador Capital Partners LP boosted its position in shares of Electronic Arts by 2.9% during the 4th quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company’s stock worth $447,000 after purchasing an additional 91 shares in the last quarter. Finally, Whittier Trust Co. grew its stake in shares of Electronic Arts by 4.1% in the 4th quarter. Whittier Trust Co. now owns 2,355 shares of the game software company’s stock valued at $322,000 after buying an additional 93 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

Electronic Arts stock opened at $130.56 on Tuesday. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market cap of $34.91 billion, a P/E ratio of 32.89, a price-to-earnings-growth ratio of 1.73 and a beta of 0.78. The firm’s fifty day moving average price is $131.99 and its 200-day moving average price is $134.48.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $139.08, for a total value of $111,264.00. Following the completion of the sale, the insider now owns 27,883 shares of the company’s stock, valued at $3,877,967.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the transaction, the insider now owns 20,258 shares in the company, valued at $2,901,755.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $139.08, for a total value of $111,264.00. Following the completion of the sale, the insider now directly owns 27,883 shares of the company’s stock, valued at approximately $3,877,967.64. The disclosure for this sale can be found here. Insiders have sold 37,144 shares of company stock worth $5,087,143 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Stifel Nicolaus raised their price objective on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. BMO Capital Markets assumed coverage on Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 target price on the stock. Roth Mkm lowered their target price on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Benchmark reaffirmed a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a research report on Thursday, April 18th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $150.00 target price on shares of Electronic Arts in a research report on Tuesday, April 23rd. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.