Wealth Enhancement Advisory Services LLC Acquires 5,130 Shares of Electronic Arts Inc. (NASDAQ:EA)

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 45.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,397 shares of the game software company’s stock after purchasing an additional 5,130 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Electronic Arts were worth $2,370,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after purchasing an additional 294 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts in the 4th quarter valued at $32,000. Proficio Capital Partners LLC acquired a new stake in shares of Electronic Arts during the fourth quarter worth $26,285,000. QRG Capital Management Inc. raised its stake in Electronic Arts by 28.3% during the fourth quarter. QRG Capital Management Inc. now owns 40,222 shares of the game software company’s stock worth $5,885,000 after buying an additional 8,861 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in Electronic Arts by 11.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock worth $119,000 after buying an additional 81 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Stock Up 0.0%

Shares of NASDAQ EA opened at $157.74 on Friday. The stock has a market capitalization of $39.64 billion, a P/E ratio of 37.20, a P/E/G ratio of 2.14 and a beta of 0.71. The company has a 50-day moving average price of $149.40 and a 200-day moving average price of $142.35. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.95 and a quick ratio of 0.95.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Wednesday, May 28th. Electronic Arts’s dividend payout ratio is currently 17.92%.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the transaction, the insider now directly owns 26,216 shares of the company’s stock, valued at $3,801,320. This trade represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $145.37, for a total transaction of $726,850.00. Following the transaction, the chief executive officer now directly owns 27,615 shares in the company, valued at $4,014,392.55. The trade was a 15.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,229 shares of company stock worth $4,371,399 over the last three months. 0.22% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on EA shares. The Goldman Sachs Group lifted their target price on shares of Electronic Arts from $135.00 to $155.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Argus set a $170.00 target price on shares of Electronic Arts in a research note on Friday, May 16th. Oppenheimer lifted their target price on shares of Electronic Arts from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. 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, May 7th. Finally, Hsbc Global Res raised shares of Electronic Arts from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 7th. Fourteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Electronic Arts currently has an average rating of “Moderate Buy” and an average target price of $162.80.

Electronic Arts 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.