Electronic Arts Inc. (NASDAQ:EA) Shares Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC increased its stake in Electronic Arts Inc. (NASDAQ:EA) by 1.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,689 shares of the game software company’s stock after acquiring an additional 111 shares during the quarter. EP Wealth Advisors LLC’s holdings in Electronic Arts were worth $1,271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Pinnacle Bancorp Inc. boosted its stake in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the period. Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts in the fourth quarter valued at $32,000. LGT Financial Advisors LLC acquired a new stake in shares of Electronic Arts in the fourth quarter worth $33,000. Millstone Evans Group LLC purchased a new position in shares of Electronic Arts during the fourth quarter valued at $37,000. Finally, SBI Securities Co. Ltd. acquired a new position in Electronic Arts during the fourth quarter valued at $41,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wedbush raised their price objective on Electronic Arts from $179.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday. UBS Group raised their price target on shares of Electronic Arts from $152.00 to $167.00 and gave the stock a “neutral” rating in a report on Wednesday. Benchmark upped their price objective on shares of Electronic Arts from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday. HSBC raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Wednesday. Finally, Roth Mkm dropped their price target on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. Fifteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Electronic Arts currently has an average rating of “Hold” and an average target price of $161.83.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total transaction of $712,500.00. Following the sale, the chief executive officer now owns 32,615 shares in the company, valued at $4,647,637.50. The trade was a 13.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the transaction, the insider now owns 26,216 shares of the company’s stock, valued at approximately $3,801,320. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,000 shares of company stock worth $3,118,120. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Price Performance

NASDAQ EA opened at $153.30 on Friday. The stock has a 50-day simple moving average of $143.36 and a 200 day simple moving average of $144.90. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The stock has a market capitalization of $39.95 billion, a PE ratio of 39.01, a P/E/G ratio of 3.58 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Research analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be given a $0.19 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.50%. Electronic Arts’s dividend payout ratio is 19.34%.

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.