Catalina Capital Group LLC Acquires Shares of 1,492 Electronic Arts Inc. (NASDAQ:EA)

Catalina Capital Group LLC bought a new position in Electronic Arts Inc. (NASDAQ:EA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,492 shares of the game software company’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Electronic Arts during the 3rd quarter valued at about $25,000. Pinnacle Bancorp Inc. increased its holdings in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after buying an additional 117 shares during the last quarter. Reston Wealth Management LLC bought a new position in Electronic Arts in the third quarter worth approximately $36,000. Bruce G. Allen Investments LLC boosted its stake in shares of Electronic Arts by 156.6% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after acquiring an additional 166 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Electronic Arts by 31.8% during 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 period. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Stock Performance

NASDAQ:EA opened at $122.91 on Tuesday. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock’s 50 day simple moving average is $146.84 and its 200-day simple moving average is $147.79. The firm has a market cap of $32.24 billion, a P/E ratio of 31.60, a PEG ratio of 2.50 and a beta of 0.79.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $164.45, for a total value of $164,450.00. Following the completion of the sale, the insider now owns 30,216 shares in the company, valued at $4,969,021.20. The trade was a 3.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total transaction of $395,075.00. Following the transaction, the insider now directly owns 50,433 shares of the company’s stock, valued at $7,969,926.99. This trade represents a 4.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,000 shares of company stock worth $3,835,555. Company insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the subject of a number of analyst reports. Wedbush reissued an “outperform” rating and issued a $173.00 price objective on shares of Electronic Arts in a research note on Thursday, January 23rd. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Roth Mkm cut their target price on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. BNP Paribas downgraded shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research note on Monday, January 27th. Finally, Argus boosted their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.43.

About Electronic Arts

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.