Ashton Thomas Private Wealth LLC Has $625,000 Stake in Electronic Arts Inc. $EA

Ashton Thomas Private Wealth LLC boosted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 23.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,324 shares of the game software company’s stock after purchasing an additional 835 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Electronic Arts were worth $625,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of EA. Ameriprise Financial Inc. raised its stake in Electronic Arts by 197.5% in the 1st quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company’s stock worth $421,524,000 after purchasing an additional 1,936,313 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in Electronic Arts in the 1st quarter worth about $225,102,000. Nuveen LLC acquired a new stake in Electronic Arts in the 1st quarter worth about $203,537,000. Goldman Sachs Group Inc. raised its stake in Electronic Arts by 62.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock worth $470,197,000 after purchasing an additional 1,254,194 shares in the last quarter. Finally, ING Groep NV raised its stake in Electronic Arts by 3,477.8% in the 1st quarter. ING Groep NV now owns 1,163,747 shares of the game software company’s stock worth $168,185,000 after purchasing an additional 1,131,220 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $174.65, for a total value of $209,580.00. Following the sale, the executive vice president owned 27,248 shares in the company, valued at $4,758,863.20. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $171.69, for a total transaction of $429,225.00. Following the completion of the sale, the insider owned 55,592 shares in the company, valued at $9,544,590.48. This represents a 4.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,900 shares of company stock valued at $4,778,597. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $169.89 on Friday. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $180.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $42.51 billion, a price-to-earnings ratio of 42.58, a PEG ratio of 2.20 and a beta of 0.75. The firm has a 50 day simple moving average of $162.64 and a 200 day simple moving average of $151.40.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th will be given a $0.19 dividend. The ex-dividend date is Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.05%.

Analyst Ratings Changes

Several analysts have weighed in on EA shares. DA Davidson lifted their price objective on shares of Electronic Arts from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Monday, August 11th. Arete raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 target price on the stock in a report on Tuesday, August 5th. Arete Research set a $192.00 target price on shares of Electronic Arts in a report on Tuesday, August 5th. Wall Street Zen downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Citigroup restated a “neutral” rating and set a $153.00 price objective (up from $139.00) on shares of Electronic Arts in a research report on Thursday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $167.12.

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.