Kestra Private Wealth Services LLC Decreases Holdings in Electronic Arts Inc. (NASDAQ:EA)

Kestra Private Wealth Services LLC cut its holdings in shares of Electronic Arts Inc. (NASDAQ:EAGet Rating) by 9.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,377 shares of the game software company’s stock after selling 260 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Electronic Arts were worth $301,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Tortoise Investment Management LLC increased its stake in shares of Electronic Arts by 294.1% in the first quarter. Tortoise Investment Management LLC now owns 201 shares of the game software company’s stock worth $25,000 after buying an additional 150 shares during the period. Tyler Stone Wealth Management purchased a new position in shares of Electronic Arts in the fourth quarter worth $33,000. Geneos Wealth Management Inc. increased its stake in shares of Electronic Arts by 128.9% in the first quarter. Geneos Wealth Management Inc. now owns 293 shares of the game software company’s stock worth $37,000 after buying an additional 165 shares during the period. Stonebridge Capital Advisors LLC increased its stake in shares of Electronic Arts by 164.9% in the first quarter. Stonebridge Capital Advisors LLC now owns 294 shares of the game software company’s stock worth $37,000 after buying an additional 183 shares during the period. Finally, Herold Advisors Inc. purchased a new position in Electronic Arts during the 1st quarter valued at $38,000. 90.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $120.90, for a total transaction of $96,720.00. Following the completion of the sale, the insider now owns 28,514 shares of the company’s stock, valued at approximately $3,447,342.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $120.90, for a total value of $96,720.00. Following the completion of the sale, the insider now directly owns 28,514 shares of the company’s stock, valued at approximately $3,447,342.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 8,182 shares of the stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $123.05, for a total transaction of $1,006,795.10. Following the completion of the sale, the chief executive officer now directly owns 34,242 shares of the company’s stock, valued at $4,213,478.10. The disclosure for this sale can be found here. Insiders sold 92,901 shares of company stock valued at $12,015,172 in the last quarter. 0.37% of the stock is currently owned by insiders.

Electronic Arts Price Performance

NASDAQ EA opened at $120.54 on Wednesday. Electronic Arts Inc. has a 52 week low of $109.24 and a 52 week high of $146.72. The firm has a market capitalization of $33.52 billion, a P/E ratio of 38.15, a PEG ratio of 3.76 and a beta of 0.84. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of $128.40 and a 200-day moving average price of $127.35.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Tuesday, August 30th. Electronic Arts’s payout ratio is currently 24.05%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Electronic Arts from $125.00 to $133.00 and gave the company a “neutral” rating in a research report on Thursday, June 9th. Bank of America boosted their price objective on shares of Electronic Arts from $148.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Stifel Nicolaus reduced their price objective on shares of Electronic Arts from $155.00 to $153.00 and set a “buy” rating on the stock in a research report on Monday, July 25th. Ascendiant Capital Markets set a $160.00 price objective on shares of Electronic Arts in a research report on Monday, June 20th. Finally, Wells Fargo & Company boosted their target price on shares of Electronic Arts from $145.00 to $155.00 and gave the company a “maintains” rating in a report on Thursday, August 4th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $150.64.

About Electronic Arts

(Get Rating)

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.

See Also

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

Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.