Advisor Group Holdings Inc. Raises Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Advisor Group Holdings Inc. grew its position in Electronic Arts Inc. (NASDAQ:EAGet Rating) by 4.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,774 shares of the game software company’s stock after acquiring an additional 2,570 shares during the quarter. Advisor Group Holdings Inc.’s holdings in Electronic Arts were worth $6,912,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Industrial Alliance Investment Management Inc. purchased a new position in shares of Electronic Arts in the 4th quarter valued at approximately $28,000. Tyler Stone Wealth Management acquired a new stake in shares of Electronic Arts during the fourth quarter worth $33,000. North Star Investment Management Corp. grew its position in Electronic Arts by 111.1% in the 4th quarter. North Star Investment Management Corp. now owns 285 shares of the game software company’s stock valued at $38,000 after buying an additional 150 shares during the last quarter. Confluence Wealth Services Inc. acquired a new position in Electronic Arts in the 4th quarter valued at $46,000. Finally, Sandy Cove Advisors LLC purchased a new position in Electronic Arts during the 4th quarter worth $47,000. 89.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 4,056 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $133.88, for a total transaction of $543,017.28. Following the sale, the chief executive officer now owns 110,669 shares in the company, valued at $14,816,365.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Andrew Wilson sold 4,056 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $133.88, for a total transaction of $543,017.28. Following the completion of the transaction, the chief executive officer now owns 110,669 shares of the company’s stock, valued at approximately $14,816,365.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Chris Bruzzo sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $140.00, for a total transaction of $630,000.00. Following the completion of the sale, the insider now directly owns 27,524 shares in the company, valued at $3,853,360. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,895 shares of company stock valued at $7,692,454. Company insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EA. Wedbush dropped their price target on shares of Electronic Arts from $180.00 to $164.00 in a research note on Wednesday, May 11th. Cowen dropped their target price on Electronic Arts from $180.00 to $158.00 in a research report on Wednesday, May 11th. Sanford C. Bernstein started coverage on Electronic Arts in a report on Friday, April 22nd. They issued an “outperform” rating and a $157.00 price target for the company. Wells Fargo & Company upped their price objective on Electronic Arts from $145.00 to $155.00 and gave the stock a “maintains” rating in a report on Thursday. Finally, Stifel Nicolaus reduced their target price on Electronic Arts from $155.00 to $153.00 and set a “buy” rating for the company in a report on Monday, July 25th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $154.13.

Electronic Arts Trading Down 0.5 %

Shares of Electronic Arts stock opened at $132.56 on Friday. The business has a 50 day moving average price of $129.68 and a 200 day moving average price of $128.33. The company has a market capitalization of $37.06 billion, a P/E ratio of 41.95, a P/E/G ratio of 2.19 and a beta of 0.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 1.18. Electronic Arts Inc. has a 1 year low of $109.24 and a 1 year high of $147.76.

Electronic Arts (NASDAQ:EAGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The game software company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.22). The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Electronic Arts had a net margin of 12.43% and a return on equity of 17.86%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 earnings per share. Sell-side analysts anticipate that Electronic Arts Inc. will post 5.45 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Wednesday, August 31st will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Tuesday, August 30th. Electronic Arts’s dividend payout ratio is presently 24.05%.

Electronic Arts Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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