Hantz Financial Services Inc. Takes Position in Electronic Arts Inc. (NASDAQ:EA)

Hantz Financial Services Inc. purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 526 shares of the game software company’s stock, valued at approximately $73,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EA. Grove Bank & Trust lifted its stake in Electronic Arts by 23.5% during the second quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock worth $69,000 after purchasing an additional 94 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Electronic Arts by 4.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock worth $291,000 after acquiring an additional 97 shares in the last quarter. Claro Advisors LLC boosted its holdings in Electronic Arts by 5.6% during the 1st quarter. Claro Advisors LLC now owns 1,881 shares of the game software company’s stock valued at $250,000 after acquiring an additional 100 shares during the period. Cape Investment Advisory Inc. grew its position in Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after acquiring an additional 101 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in shares of Electronic Arts by 3.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,188 shares of the game software company’s stock worth $436,000 after purchasing an additional 105 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total value of $350,650.00. Following the transaction, the chief executive officer now directly owns 61,747 shares of the company’s stock, valued at approximately $8,660,634.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.71, for a total transaction of $111,768.00. Following the completion of the sale, the insider now directly owns 38,574 shares of the company’s stock, valued at approximately $5,389,173.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total value of $350,650.00. Following the completion of the transaction, the chief executive officer now directly owns 61,747 shares in the company, valued at approximately $8,660,634.22. The disclosure for this sale can be found here. Insiders sold a total of 26,070 shares of company stock valued at $3,811,938 in the last three months. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Price Performance

Shares of EA opened at $151.82 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $153.51. The stock has a market cap of $40.34 billion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 2.28 and a beta of 0.79. The firm has a fifty day moving average price of $145.18 and a 200 day moving average price of $137.38.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Wednesday, August 28th. Electronic Arts’s payout ratio is currently 16.24%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Electronic Arts from $143.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Robert W. Baird boosted their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group increased their price objective on Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Raymond James boosted their target price on Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus increased their price target on Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $161.28.

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.